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
Before you consider Varex Imaging, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Varex Imaging wasn't on the list.
While Varex Imaging currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.