Quantbot Technologies LP Has $265,000 Stock Position in Varex Imaging Co. (NASDAQ:VREX)

Quantbot Technologies LP cut its position in Varex Imaging Co. (NASDAQ:VREX) by 31.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,144 shares of the company’s stock after selling 8,439 shares during the quarter. Quantbot Technologies LP’s holdings in Varex Imaging were worth $265,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC acquired a new position in shares of Varex Imaging during the third quarter worth approximately $41,000. US Bancorp DE increased its position in Varex Imaging by 149.8% during the fourth quarter. US Bancorp DE now owns 7,386 shares of the company’s stock worth $108,000 after acquiring an additional 4,429 shares during the period. New York State Common Retirement Fund raised its stake in Varex Imaging by 60.7% during the 4th quarter. New York State Common Retirement Fund now owns 9,531 shares of the company’s stock valued at $139,000 after purchasing an additional 3,600 shares during the last quarter. Aigen Investment Management LP bought a new stake in Varex Imaging in the 4th quarter valued at $147,000. Finally, Inceptionr LLC acquired a new stake in Varex Imaging in the 4th quarter worth $168,000.

Insider Transactions at Varex Imaging

In other news, SVP Kimberley E. Honeysett sold 4,007 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $12.81, for a total value of $51,329.67. Following the sale, the senior vice president now owns 4,002 shares in the company, valued at approximately $51,265.62. The trade was a 50.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. StockNews.com raised shares of Varex Imaging from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. B. Riley reaffirmed a “buy” rating and issued a $22.00 price target (up previously from $21.00) on shares of Varex Imaging in a report on Friday, February 7th. Finally, Oppenheimer decreased their price objective on Varex Imaging from $30.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, February 7th.

Varex Imaging Trading Down 4.2 %

Shares of Varex Imaging stock opened at $11.52 on Friday. The company’s fifty day moving average price is $13.13 and its two-hundred day moving average price is $13.45. The firm has a market capitalization of $474.62 million, a PE ratio of -9.85 and a beta of 0.56. Varex Imaging Co. has a 52-week low of $10.19 and a 52-week high of $18.30. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.36 and a quick ratio of 2.50.

Varex Imaging (NASDAQ:VREX) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. Varex Imaging had a negative net margin of 5.79% and a positive return on equity of 4.00%. On average, analysts expect that Varex Imaging Co. will post 0.53 EPS for the current year.

About Varex Imaging

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.