First Eagle Investment Management LLC Has $3.26 Million Stake in Varex Imaging Co. (NASDAQ:VREX)

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

A number of other institutional investors have also recently bought and sold shares of the business. Quest Partners LLC acquired a new stake in shares of Varex Imaging during the 3rd quarter valued at about $41,000. US Bancorp DE lifted its position in shares of 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. New York State Common Retirement Fund lifted its position 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 buying an additional 3,600 shares during the period. Aigen Investment Management LP bought a new stake in Varex Imaging during the fourth quarter worth about $147,000. Finally, Inceptionr LLC bought a new position in shares of Varex Imaging in the fourth quarter valued at approximately $168,000.

Varex Imaging Stock Up 2.6 %

Shares of Varex Imaging stock traded up $0.32 on Monday, reaching $12.82. 315,521 shares of the company were exchanged, compared to its average volume of 527,995. The company has a market capitalization of $528.18 million, a price-to-earnings ratio of -10.96 and a beta of 0.56. Varex Imaging Co. has a one year low of $10.19 and a one year high of $18.30. The company has a 50-day moving average of $13.39 and a 200 day moving average of $13.41. The company has a current ratio of 4.36, a quick ratio of 2.50 and a debt-to-equity ratio of 1.02.

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Varex Imaging (NASDAQ:VREX - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.07 earnings per share (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%. On average, equities research analysts forecast that Varex Imaging Co. will post 0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on VREX shares. StockNews.com upgraded Varex Imaging from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. B. Riley reiterated a "buy" rating and set a $22.00 target price (up previously from $21.00) on shares of Varex Imaging in a research report on Friday, February 7th. Finally, Oppenheimer decreased their target price on Varex Imaging from $30.00 to $23.00 and set an "outperform" rating for the company 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.