Varex Imaging Co. (NASDAQ:VREX) Holdings Raised by Royce & Associates LP

Royce & Associates LP grew its stake in Varex Imaging Co. (NASDAQ:VREX - Free Report) by 70.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 746,770 shares of the company's stock after acquiring an additional 308,629 shares during the quarter. Royce & Associates LP owned about 1.81% of Varex Imaging worth $10,895,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in VREX. Quest Partners LLC purchased a new position in Varex Imaging in the 3rd quarter valued at about $41,000. US Bancorp DE raised its position in shares of Varex Imaging by 149.8% in the fourth quarter. US Bancorp DE now owns 7,386 shares of the company's stock valued at $108,000 after buying an additional 4,429 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Varex Imaging by 60.7% during the fourth quarter. New York State Common Retirement Fund now owns 9,531 shares of the company's stock valued at $139,000 after buying an additional 3,600 shares during the period. Aigen Investment Management LP purchased a new position in shares of Varex Imaging during the fourth quarter valued at approximately $147,000. Finally, Inceptionr LLC acquired a new stake in Varex Imaging during the fourth quarter worth approximately $168,000.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VREX. Oppenheimer reduced their price target on Varex Imaging from $30.00 to $23.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. StockNews.com upgraded Varex Imaging from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Finally, B. Riley reaffirmed a "buy" rating and set a $22.00 price objective (up previously from $21.00) on shares of Varex Imaging in a research note on Friday, February 7th.

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Varex Imaging Stock Down 2.3 %

Shares of VREX traded down $0.29 during mid-day trading on Friday, reaching $12.57. 397,419 shares of the stock traded hands, compared to its average volume of 526,011. 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 12-month low of $10.19 and a 12-month high of $18.30. The stock has a fifty day simple moving average of $13.29 and a 200 day simple moving average of $13.41. The firm has a market cap of $517.88 million, a price-to-earnings ratio of -10.74 and a beta of 0.56.

Varex Imaging (NASDAQ:VREX - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Sell-side analysts expect that Varex Imaging Co. will post 0.53 EPS for the current fiscal year.

Varex Imaging 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.