Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Varex Imaging Co. (NASDAQ:VREX - Free Report) by 87.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,030 shares of the company's stock after purchasing an additional 22,829 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.12% of Varex Imaging worth $715,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of VREX. Isthmus Partners LLC raised its holdings in Varex Imaging by 0.8% during the 4th quarter. Isthmus Partners LLC now owns 149,874 shares of the company's stock worth $2,187,000 after buying an additional 1,260 shares during the period. Intech Investment Management LLC boosted its stake in Varex Imaging by 13.7% in the 3rd quarter. Intech Investment Management LLC now owns 16,267 shares of the company's stock worth $194,000 after purchasing an additional 1,959 shares during the period. Inspire Advisors LLC lifted its holdings in shares of Varex Imaging by 22.5% in the fourth quarter. Inspire Advisors LLC now owns 17,334 shares of the company's stock valued at $253,000 after purchasing an additional 3,185 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Varex Imaging during the third quarter worth about $41,000. Finally, New York State Common Retirement Fund grew its holdings in shares of Varex Imaging by 60.7% during the fourth quarter. New York State Common Retirement Fund now owns 9,531 shares of the company's stock worth $139,000 after buying an additional 3,600 shares in the last quarter.
Insider Activity
In related news, SVP Kimberley E. Honeysett sold 4,007 shares of the company's 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.30% of the stock is owned by insiders.
Varex Imaging Stock Down 1.9 %
VREX stock traded down $0.23 during mid-day trading on Wednesday, reaching $12.08. The company had a trading volume of 288,714 shares, compared to its average volume of 527,087. The company has a market capitalization of $497.70 million, a price-to-earnings ratio of -10.32 and a beta of 0.56. Varex Imaging Co. has a 52 week low of $10.19 and a 52 week high of $18.30. The stock has a 50 day simple moving average of $13.23 and a two-hundred day simple moving average of $13.44. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.36 and a quick ratio of 2.50.
Varex Imaging (NASDAQ:VREX - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.07 earnings per share for the quarter, topping 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%. As a group, equities analysts predict that Varex Imaging Co. will post 0.53 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on VREX shares. B. Riley restated a "buy" rating and issued a $22.00 target price (up previously from $21.00) on shares of Varex Imaging in a research note on Friday, February 7th. StockNews.com upgraded shares of Varex Imaging from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Finally, 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 research note on Friday, February 7th.
Get Our Latest Stock Analysis on Varex Imaging
About Varex Imaging
(
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.
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