Two Sigma Advisers LP Has $1.09 Million Stock Position in Varex Imaging Co. (NASDAQ:VREX)

Two Sigma Advisers LP reduced its stake in Varex Imaging Co. (NASDAQ:VREXFree Report) by 45.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,400 shares of the company’s stock after selling 63,100 shares during the quarter. Two Sigma Advisers LP’s holdings in Varex Imaging were worth $1,085,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of VREX. Aquatic Capital Management LLC acquired a new position in shares of Varex Imaging in the fourth quarter valued at approximately $25,000. Quadrant Capital Group LLC boosted its stake in Varex Imaging by 115.4% in the 4th quarter. Quadrant Capital Group LLC now owns 2,837 shares of the company’s stock valued at $41,000 after purchasing an additional 1,520 shares during the period. Point72 Hong Kong Ltd acquired a new position in Varex Imaging in the 4th quarter valued at $48,000. KLP Kapitalforvaltning AS acquired a new position in Varex Imaging in the 4th quarter valued at $98,000. Finally, 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 buying an additional 4,429 shares during the period.

Insider Buying and Selling at Varex Imaging

In other news, CEO Sunny Sanyal sold 8,749 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $11.24, for a total transaction of $98,338.76. Following the completion of the transaction, the chief executive officer now owns 190,193 shares of the company’s stock, valued at approximately $2,137,769.32. The trade was a 4.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kimberley E. Honeysett sold 4,007 shares of Varex Imaging stock in a transaction dated 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 transaction, the senior vice president now 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. Company insiders own 4.30% of the company’s stock.

Varex Imaging Stock Performance

VREX opened at $7.67 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.50 and a current ratio of 4.36. Varex Imaging Co. has a 52-week low of $6.76 and a 52-week high of $16.93. The firm has a market cap of $316.00 million, a P/E ratio of -6.56 and a beta of 0.62. The business’s fifty day moving average is $8.38 and its 200-day moving average is $12.10.

Varex Imaging (NASDAQ:VREXGet Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.12. Varex Imaging had a negative net margin of 5.79% and a positive return on equity of 4.00%. The firm had revenue of $212.90 million for the quarter, compared to the consensus estimate of $206.76 million. During the same period in the prior year, the company posted $0.16 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts expect that Varex Imaging Co. will post 0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VREX has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Varex Imaging from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd. Oppenheimer lowered their target price on shares of Varex Imaging from $30.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Finally, B. Riley upgraded shares of Varex Imaging to a “strong-buy” rating in a research report on Monday, May 12th.

Read Our Latest Analysis on VREX

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.

Featured Articles

Want to see what other hedge funds are holding VREX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Varex Imaging Co. (NASDAQ:VREXFree Report).

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

Receive News & Ratings for Varex Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varex Imaging and related companies with MarketBeat.com's FREE daily email newsletter.