Varex Imaging Co. (NASDAQ:VREX) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its position in shares of Varex Imaging Co. (NASDAQ:VREX - Free Report) by 12.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 450,458 shares of the company's stock after selling 63,751 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.10% of Varex Imaging worth $5,369,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VREX. Price T Rowe Associates Inc. MD purchased a new stake in Varex Imaging during the 1st quarter valued at about $207,000. Wedge Capital Management L L P NC increased its position in Varex Imaging by 3.9% during the second quarter. Wedge Capital Management L L P NC now owns 81,579 shares of the company's stock worth $1,202,000 after purchasing an additional 3,068 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Varex Imaging by 27.7% during the second quarter. Assenagon Asset Management S.A. now owns 135,124 shares of the company's stock worth $1,990,000 after purchasing an additional 29,340 shares during the period. Innealta Capital LLC acquired a new position in Varex Imaging in the 2nd quarter valued at about $26,000. Finally, Natixis Advisors LLC purchased a new stake in Varex Imaging in the 2nd quarter valued at about $210,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. B. Riley began coverage on Varex Imaging in a research note on Friday, August 23rd. They issued a "buy" rating and a $21.00 price objective for the company. StockNews.com upgraded shares of Varex Imaging from a "hold" rating to a "buy" rating in a report on Wednesday, November 27th.

Varex Imaging Stock Down 1.1 %

NASDAQ:VREX traded down $0.17 during mid-day trading on Friday, reaching $15.35. 140,769 shares of the stock were exchanged, compared to its average volume of 507,703. The company has a current ratio of 3.32, a quick ratio of 1.97 and a debt-to-equity ratio of 0.72. Varex Imaging Co. has a 1 year low of $10.19 and a 1 year high of $21.50. The company has a 50 day simple moving average of $13.99 and a 200-day simple moving average of $13.57.

Varex Imaging Company 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.