Varex Imaging Co. (NASDAQ:VREX) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC reduced its position in shares of Varex Imaging Co. (NASDAQ:VREX - Free Report) by 30.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 223,238 shares of the company's stock after selling 96,000 shares during the period. First Eagle Investment Management LLC owned about 0.54% of Varex Imaging worth $3,257,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of VREX. Pzena Investment Management LLC raised its stake in Varex Imaging by 51.4% during the 3rd quarter. Pzena Investment Management LLC now owns 3,890,879 shares of the company's stock worth $46,379,000 after acquiring an additional 1,321,666 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Varex Imaging during the 3rd quarter worth $19,801,000. Wealthfront Advisers LLC acquired a new stake in Varex Imaging during the 4th quarter worth $18,900,000. Geode Capital Management LLC raised its stake in Varex Imaging by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 929,004 shares of the company's stock worth $11,076,000 after acquiring an additional 4,211 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in Varex Imaging by 230.6% during the 3rd quarter. Jane Street Group LLC now owns 551,157 shares of the company's stock worth $6,570,000 after acquiring an additional 384,448 shares in the last quarter.

Varex Imaging Stock Performance

NASDAQ VREX traded down $0.16 during trading on Thursday, reaching $12.86. The company's stock had a trading volume of 273,271 shares, compared to its average volume of 525,316. 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 firm has a market cap of $529.83 million, a price-to-earnings ratio of -10.99 and a beta of 0.56. Varex Imaging Co. has a twelve month low of $10.19 and a twelve month high of $18.30. The business's fifty day moving average price is $13.31 and its 200-day moving average price is $13.42.

Remove Ads

Varex Imaging (NASDAQ:VREX - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.07 EPS 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%. As a group, analysts anticipate that Varex Imaging Co. will post 0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of Varex Imaging from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Oppenheimer cut 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. Finally, B. Riley restated a "buy" rating and issued a $22.00 price objective (up from $21.00) on shares of Varex Imaging in a research note 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.