Guggenheim Capital LLC Invests $906,000 in Varex Imaging Co. (NASDAQ:VREX)

Guggenheim Capital LLC bought a new position in Varex Imaging Co. (NASDAQ:VREX – Get Rating) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 42,841 shares of the company’s stock, valued at approximately $906,000. Guggenheim Capital LLC owned 0.11% of Varex Imaging at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund lifted its position in shares of Varex Imaging by 3.6% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 13,116 shares of the company’s stock worth $277,000 after purchasing an additional 457 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Varex Imaging by 0.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 94,530 shares of the company’s stock worth $2,022,000 after purchasing an additional 478 shares during the period. Ancora Advisors LLC increased its stake in shares of Varex Imaging by 100.8% in the 1st quarter. Ancora Advisors LLC now owns 1,265 shares of the company’s stock worth $26,000 after acquiring an additional 635 shares in the last quarter. Texas Permanent School Fund increased its stake in shares of Varex Imaging by 2.5% in the 2nd quarter. Texas Permanent School Fund now owns 28,767 shares of the company’s stock worth $615,000 after acquiring an additional 692 shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its stake in shares of Varex Imaging by 59.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,968 shares of the company’s stock worth $62,000 after acquiring an additional 730 shares in the last quarter.

Varex Imaging Stock Performance

Shares of NASDAQ VREX opened at $17.57 on Wednesday. The firm’s 50-day moving average price is $19.56 and its 200-day moving average price is $20.62. The company has a quick ratio of 1.82, a current ratio of 3.86 and a debt-to-equity ratio of 0.84. The company has a market cap of $704.56 million, a PE ratio of 22.53, a PEG ratio of 0.71 and a beta of 0.77. Varex Imaging Co. has a 52-week low of $17.49 and a 52-week high of $25.14.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Varex Imaging from a “buy” rating to a “hold” rating in a research note on Thursday, February 2nd.

Varex Imaging Profile

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Varex Imaging Corp. engages in the design, manufacture, and sale of imaging components. It operates through the Medical and Industrial segments. The Medical segment delivers and services x-ray imaging components, including X-ray tubes, digital detectors, high voltage connectors, image-processing software and workstations, and three-dimensional reconstruction software.