Arrowstreet Capital Limited Partnership Has $4.21 Million Stake in Varex Imaging Co. (NASDAQ:VREX)

Arrowstreet Capital Limited Partnership increased its stake in shares of Varex Imaging Co. (NASDAQ:VREX - Free Report) by 2,223.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 288,630 shares of the company's stock after acquiring an additional 276,207 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.70% of Varex Imaging worth $4,211,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. KLP Kapitalforvaltning AS acquired a new stake in Varex Imaging in the 4th quarter valued at about $98,000. US Bancorp DE lifted its position in shares of Varex Imaging by 149.8% in the fourth quarter. US Bancorp DE now owns 7,386 shares of the company's stock valued at $108,000 after buying an additional 4,429 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of 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 worth $139,000 after acquiring an additional 3,600 shares during the period. Aigen Investment Management LP acquired a new position in shares of Varex Imaging during the 4th quarter worth approximately $147,000. Finally, Inceptionr LLC bought a new stake in Varex Imaging in the 4th quarter valued at $168,000.

Insider Activity at Varex Imaging

In other news, CEO Sunny Sanyal sold 8,749 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $11.24, for a total transaction of $98,338.76. Following the completion of the sale, the chief executive officer now owns 190,193 shares of the company's stock, valued at approximately $2,137,769.32. This represents a 4.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Kimberley E. Honeysett sold 4,007 shares of Varex Imaging stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $12.81, for a total transaction of $51,329.67. Following the completion of the transaction, the senior vice president now directly owns 4,002 shares in the company, valued at $51,265.62. This trade represents a 50.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.30% of the stock is owned by insiders.

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Varex Imaging Stock Performance

Shares of VREX stock traded up $0.19 on Monday, hitting $8.03. The company's stock had a trading volume of 20,813 shares, compared to its average volume of 474,084. Varex Imaging Co. has a fifty-two week low of $7.32 and a fifty-two week high of $17.50. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.50 and a current ratio of 4.36. The stock's 50 day moving average is $11.97 and its 200-day moving average is $13.25. The company has a market capitalization of $330.79 million, a PE ratio of -6.86 and a beta of 0.65.

Varex Imaging (NASDAQ:VREX - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates 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%. Equities research analysts expect that Varex Imaging Co. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VREX has been the topic of several research reports. StockNews.com upgraded shares of Varex Imaging from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Oppenheimer lowered their price target 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 restated a "buy" rating and set a $22.00 price objective (up previously from $21.00) on shares of Varex Imaging in a report on Friday, February 7th.

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.