First Eagle Investment Management LLC Cuts Position in Varex Imaging Co. (NASDAQ:VREX)

First Eagle Investment Management LLC cut its position in Varex Imaging Co. (NASDAQ:VREX - Free Report) by 30.1% during the fourth 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 0.54% of Varex Imaging worth $3,257,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. FMR LLC increased its position in shares of Varex Imaging by 4,739.2% in the 3rd quarter. FMR LLC now owns 200,341 shares of the company's stock valued at $2,388,000 after purchasing an additional 196,201 shares during the last quarter. Barclays PLC boosted its holdings in shares of Varex Imaging by 15.3% in the 3rd quarter. Barclays PLC now owns 97,883 shares of the company's stock valued at $1,166,000 after buying an additional 12,966 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Varex Imaging in the 3rd quarter valued at $415,000. BNP Paribas Financial Markets boosted its holdings in shares of Varex Imaging by 1,359.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 52,295 shares of the company's stock valued at $623,000 after buying an additional 48,713 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new position in shares of Varex Imaging in the 3rd quarter valued at $2,593,000.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. 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 report on Friday, February 7th. Oppenheimer lowered their target price on shares of Varex Imaging from $30.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Finally, StockNews.com upgraded shares of Varex Imaging from a "hold" rating to a "buy" rating in a report on Friday, February 7th.

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Varex Imaging Stock Performance

NASDAQ:VREX traded up $0.03 during trading hours on Tuesday, reaching $12.85. 99,169 shares of the company's stock were exchanged, compared to its average volume of 526,301. The firm has a market capitalization of $529.42 million, a price-to-earnings ratio of -10.97 and a beta of 0.56. The company has a 50-day moving average of $13.35 and a 200 day moving average of $13.42. The company has a quick ratio of 2.50, a current ratio of 4.36 and a debt-to-equity ratio of 1.02. Varex Imaging Co. has a 1-year low of $10.19 and a 1-year high of $18.30.

Varex Imaging (NASDAQ:VREX - Get Free Report) last issued its quarterly 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%. Research analysts anticipate that Varex Imaging Co. will post 0.53 EPS for the current year.

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.