Engineers Gate Manager LP increased its holdings in shares of Varex Imaging Corp (NASDAQ:VREX) by 99.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,917 shares of the company’s stock after acquiring an additional 22,371 shares during the quarter. Engineers Gate Manager LP owned about 0.12% of Varex Imaging worth $1,287,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of VREX. Diamant Asset Management Inc. acquired a new position in Varex Imaging in the 3rd quarter valued at about $115,000. Amalgamated Bank acquired a new position in Varex Imaging in the 2nd quarter valued at about $231,000. Xact Kapitalforvaltning AB boosted its holdings in Varex Imaging by 27.7% in the 1st quarter. Xact Kapitalforvaltning AB now owns 6,916 shares of the company’s stock valued at $247,000 after purchasing an additional 1,500 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Varex Imaging by 43.9% in the 3rd quarter. Victory Capital Management Inc. now owns 9,820 shares of the company’s stock valued at $281,000 after purchasing an additional 2,996 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Varex Imaging in the 2nd quarter valued at about $298,000. Hedge funds and other institutional investors own 93.36% of the company’s stock.
Several equities analysts have weighed in on VREX shares. Zacks Investment Research upgraded shares of Varex Imaging from a “strong sell” rating to a “hold” rating in a report on Thursday, October 4th. TheStreet lowered shares of Varex Imaging from a “c-” rating to a “d+” rating in a report on Friday, October 26th. ValuEngine upgraded shares of Varex Imaging from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Finally, Jefferies Financial Group decreased their target price on shares of Varex Imaging to $33.00 and set a “buy” rating on the stock in a report on Friday, August 3rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $37.00.
In related news, CFO Clarence R. Verhoef purchased 3,300 shares of Varex Imaging stock in a transaction dated Friday, August 17th. The shares were acquired at an average cost of $29.58 per share, with a total value of $97,614.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.
NASDAQ:VREX opened at $27.23 on Friday. The company has a current ratio of 3.16, a quick ratio of 1.42 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 1.72 and a beta of 1.58. Varex Imaging Corp has a 1-year low of $24.06 and a 1-year high of $43.76.
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Varex Imaging Profile
Varex Imaging Corporation designs and manufactures X-ray imaging components. The company operates in two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital flat panel image detectors, high voltage connectors, image-processing software and workstations, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, ionization chambers, and buckys.
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