Assenagon Asset Management S.A. Cuts Stock Position in Varex Imaging Co. (NASDAQ:VREX)

Assenagon Asset Management S.A. trimmed its holdings in Varex Imaging Co. (NASDAQ:VREX - Free Report) by 42.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,620 shares of the company's stock after selling 78,886 shares during the quarter. Assenagon Asset Management S.A. owned about 0.26% of Varex Imaging worth $1,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pzena Investment Management LLC increased its stake 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 in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Varex Imaging in the 3rd quarter valued at about $19,801,000. Geode Capital Management LLC increased its position in Varex Imaging by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 929,004 shares of the company's stock valued at $11,076,000 after buying an additional 4,211 shares in the last quarter. Jane Street Group LLC raised its stake in Varex Imaging by 230.6% during the 3rd quarter. Jane Street Group LLC now owns 551,157 shares of the company's stock worth $6,570,000 after buying an additional 384,448 shares during the period. Finally, Weiss Asset Management LP bought a new position in Varex Imaging in the third quarter worth approximately $2,593,000.

Varex Imaging Stock Performance

NASDAQ VREX traded down $0.01 during trading on Friday, hitting $14.23. 365,826 shares of the company's stock traded hands, compared to its average volume of 393,575. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.97 and a current ratio of 3.32. The stock has a market capitalization of $586.70 million, a price-to-earnings ratio of -12.16 and a beta of 0.63. Varex Imaging Co. has a 12-month low of $10.19 and a 12-month high of $19.96. The business has a 50 day moving average of $14.88 and a 200-day moving average of $13.42.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Varex Imaging from a "hold" rating to a "buy" rating in a report on Wednesday.

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.