New York Life Investment Management LLC Sells 3,083 Shares of Varex Imaging Co. (NASDAQ:VREX)

New York Life Investment Management LLC trimmed its stake in Varex Imaging Co. (NASDAQ:VREXFree Report) by 13.6% during the third quarter, HoldingsChannel.com reports. The fund owned 19,574 shares of the company’s stock after selling 3,083 shares during the quarter. New York Life Investment Management LLC’s holdings in Varex Imaging were worth $368,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in VREX. BlackRock Inc. grew its holdings in shares of Varex Imaging by 5.1% during the third quarter. BlackRock Inc. now owns 7,116,701 shares of the company’s stock worth $150,448,000 after purchasing an additional 345,392 shares during the last quarter. Norges Bank bought a new stake in shares of Varex Imaging during the fourth quarter worth $6,602,000. Dimensional Fund Advisors LP grew its holdings in shares of Varex Imaging by 12.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,226,831 shares of the company’s stock worth $40,505,000 after purchasing an additional 238,208 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of Varex Imaging by 1,513.3% during the fourth quarter. Two Sigma Investments LP now owns 190,365 shares of the company’s stock worth $3,864,000 after purchasing an additional 178,565 shares during the last quarter. Finally, Shapiro Capital Management LLC grew its holdings in shares of Varex Imaging by 5.7% during the first quarter. Shapiro Capital Management LLC now owns 3,146,292 shares of the company’s stock worth $66,985,000 after purchasing an additional 168,322 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on VREX shares. StockNews.com cut Varex Imaging from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 23rd. Oppenheimer decreased their price target on Varex Imaging from $42.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, November 15th. Finally, TheStreet cut Varex Imaging from a “b-” rating to a “c” rating in a report on Tuesday, February 6th.

Check Out Our Latest Stock Analysis on Varex Imaging

Varex Imaging Price Performance

Varex Imaging stock opened at $17.65 on Monday. The business’s 50-day simple moving average is $19.85 and its 200 day simple moving average is $19.56. The stock has a market cap of $716.59 million, a price-to-earnings ratio of 18.39, a P/E/G ratio of 2.47 and a beta of 0.73. Varex Imaging Co. has a 12-month low of $16.83 and a 12-month high of $23.90. The company has a quick ratio of 2.37, a current ratio of 4.30 and a debt-to-equity ratio of 0.76.

Varex Imaging (NASDAQ:VREXGet Free Report) last released its earnings results on Tuesday, February 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.05). Varex Imaging had a net margin of 5.08% and a return on equity of 9.21%. The company had revenue of $190.00 million during the quarter, compared to analyst estimates of $187.97 million. During the same period in the previous year, the company posted $0.08 EPS. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. As a group, research analysts anticipate that Varex Imaging Co. will post 1.02 earnings per share for the current year.

Insider Buying and Selling at Varex Imaging

In other Varex Imaging news, SVP Kimberley E. Honeysett sold 6,174 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $19.72, for a total value of $121,751.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.20% of the company’s stock.

Varex Imaging Profile

(Free Report)

Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. The company operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers.

Further Reading

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Institutional Ownership by Quarter for Varex Imaging (NASDAQ:VREX)

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