Varex Imaging Co. (NASDAQ:VREX) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC grew its holdings in Varex Imaging Co. (NASDAQ:VREX) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 259,700 shares of the company’s stock after purchasing an additional 22,800 shares during the quarter. Renaissance Technologies LLC’s holdings in Varex Imaging were worth $3,789,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Quadrant Capital Group LLC grew its holdings in shares of Varex Imaging by 115.4% during the fourth quarter. Quadrant Capital Group LLC now owns 2,837 shares of the company’s stock worth $41,000 after buying an additional 1,520 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Varex Imaging during the fourth quarter worth about $98,000. US Bancorp DE increased its position in Varex Imaging by 149.8% during the 4th quarter. US Bancorp DE now owns 7,386 shares of the company’s stock worth $108,000 after purchasing an additional 4,429 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Varex Imaging by 60.7% in the 4th quarter. New York State Common Retirement Fund now owns 9,531 shares of the company’s stock valued at $139,000 after acquiring an additional 3,600 shares during the period. Finally, Aigen Investment Management LP purchased a new position in Varex Imaging in the fourth quarter valued at about $147,000.

Insider Buying and Selling

In other Varex Imaging news, CEO Sunny Sanyal sold 8,749 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $11.24, for a total value of $98,338.76. Following the completion of the sale, the chief executive officer now owns 190,193 shares in the company, valued at approximately $2,137,769.32. This trade represents a 4.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the senior vice president now directly owns 4,002 shares in the company, valued at approximately $51,265.62. This represents a 50.03 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

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

Varex Imaging Price Performance

NASDAQ VREX opened at $7.29 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.36 and a quick ratio of 2.50. The company’s 50 day simple moving average is $11.10 and its 200 day simple moving average is $13.03. Varex Imaging Co. has a 12 month low of $6.97 and a 12 month high of $17.46. The firm has a market capitalization of $300.35 million, a PE ratio of -6.23 and a beta of 0.65.

Varex Imaging (NASDAQ:VREX) last released its earnings results on Thursday, February 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. Varex Imaging had a positive return on equity of 4.00% and a negative net margin of 5.79%. As a group, equities research analysts forecast that Varex Imaging Co. will post 0.53 EPS for the current fiscal year.

Varex Imaging Profile

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.