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Jacobs Levy Equity Management Inc. Invests $2.41 Million in Varex Imaging Co. (NASDAQ:VREX)

Varex Imaging logo with Medical background

Jacobs Levy Equity Management Inc. acquired a new position in Varex Imaging Co. (NASDAQ:VREX - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 202,290 shares of the company's stock, valued at approximately $2,411,000. Jacobs Levy Equity Management Inc. owned about 0.49% of Varex Imaging at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Paloma Partners Management Co acquired a new stake in shares of Varex Imaging in the third quarter valued at about $545,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Varex Imaging in the 3rd quarter valued at about $778,000. PDT Partners LLC acquired a new stake in Varex Imaging in the 3rd quarter valued at about $1,802,000. Walleye Capital LLC purchased a new position in Varex Imaging in the 3rd quarter worth approximately $229,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Varex Imaging by 1,359.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 52,295 shares of the company's stock worth $623,000 after purchasing an additional 48,713 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently commented on VREX. StockNews.com raised Varex Imaging from a "hold" rating to a "buy" rating in a report on Wednesday, November 27th. B. Riley began coverage on Varex Imaging in a research note on Friday, August 23rd. They issued a "buy" rating and a $21.00 target price for the company.

Read Our Latest Stock Analysis on VREX

Varex Imaging Trading Down 1.9 %

Shares of Varex Imaging stock traded down $0.30 during mid-day trading on Friday, hitting $15.72. The stock had a trading volume of 607,077 shares, compared to its average volume of 706,492. The firm has a 50-day moving average of $13.69 and a two-hundred day moving average of $13.54. The firm has a market cap of $646.09 million, a P/E ratio of -13.44 and a beta of 0.60. The company has a quick ratio of 1.97, a current ratio of 3.32 and a debt-to-equity ratio of 0.72. Varex Imaging Co. has a 12-month low of $10.19 and a 12-month high of $21.50.

Varex Imaging Profile

(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.

Further Reading

Institutional Ownership by Quarter for Varex Imaging (NASDAQ:VREX)

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