LPL Financial LLC purchased a new position in shares of Varex Imaging Co. (NASDAQ:VREX – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 45,766 shares of the company’s stock, valued at approximately $1,079,000. LPL Financial LLC owned about 0.11% of Varex Imaging at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Cullen Capital Management LLC purchased a new stake in Varex Imaging during the 1st quarter worth about $485,000. ExodusPoint Capital Management LP lifted its holdings in shares of Varex Imaging by 39.7% in the 1st quarter. ExodusPoint Capital Management LP now owns 59,159 shares of the company’s stock valued at $1,076,000 after purchasing an additional 16,803 shares during the last quarter. Cooke & Bieler LP lifted its holdings in shares of Varex Imaging by 0.6% in the 1st quarter. Cooke & Bieler LP now owns 1,830,113 shares of the company’s stock valued at $33,290,000 after purchasing an additional 11,273 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Varex Imaging by 13.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the company’s stock valued at $500,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Varex Imaging by 1.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 239,063 shares of the company’s stock valued at $5,635,000 after purchasing an additional 4,487 shares during the last quarter.
Varex Imaging Stock Up 1.4 %
VREX opened at $18.99 on Friday. The business has a 50 day moving average price of $18.54 and a two-hundred day moving average price of $20.73. The company has a quick ratio of 2.15, a current ratio of 4.04 and a debt-to-equity ratio of 0.76. The company has a market cap of $767.20 million, a PE ratio of 18.09, a P/E/G ratio of 0.50 and a beta of 0.81. Varex Imaging Co. has a 52 week low of $17.05 and a 52 week high of $23.90.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. StockNews.com raised Varex Imaging from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Oppenheimer reduced their target price on Varex Imaging from $42.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, TheStreet downgraded Varex Imaging from a “b-” rating to a “c+” rating in a report on Wednesday, October 25th.
About Varex Imaging
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, high voltage connectors, image-processing software and workstations, 3D reconstruction and computer-aided diagnostic software, collimators, automatic exposure control devices, generators, heat exchangers, ionization chambers, and buckys.
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