State Street Corp cut its position in Varex Imaging Co. (NASDAQ:VREX - Free Report) by 25.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,625,291 shares of the company's stock after selling 553,403 shares during the quarter. State Street Corp owned approximately 3.97% of Varex Imaging worth $19,373,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the business. Pzena Investment Management LLC grew its holdings in Varex Imaging by 51.4% in the third quarter. Pzena Investment Management LLC now owns 3,890,879 shares of the company's stock valued at $46,379,000 after purchasing an additional 1,321,666 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Varex Imaging in the 3rd quarter valued at about $2,411,000. FMR LLC increased its holdings in Varex Imaging by 4,739.2% during the 3rd quarter. FMR LLC now owns 200,341 shares of the company's stock valued at $2,388,000 after acquiring an additional 196,201 shares in the last quarter. PDT Partners LLC purchased a new stake in shares of Varex Imaging in the third quarter valued at about $1,802,000. Finally, Rice Hall James & Associates LLC purchased a new stake in shares of Varex Imaging in the third quarter valued at about $1,150,000.
Varex Imaging Trading Up 3.2 %
Shares of VREX traded up $0.46 during trading hours on Tuesday, hitting $14.71. The stock had a trading volume of 324,174 shares, compared to its average volume of 513,958. The company's fifty day simple moving average is $14.46 and its 200 day simple moving average is $13.52. The firm has a market cap of $606.51 million, a P/E ratio of -12.57 and a beta of 0.60. Varex Imaging Co. has a 12-month low of $10.19 and a 12-month high of $21.06. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.97 and a current ratio of 3.32.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Varex Imaging from a "hold" rating to a "buy" rating in a research note on Wednesday, November 27th.
Get Our Latest Analysis on VREX
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.
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