Citigroup Inc. Reduces Stock Position in Varex Imaging Co. (NASDAQ:VREX)

Citigroup Inc. decreased its stake in shares of Varex Imaging Co. (NASDAQ:VREXFree Report) by 42.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 17,502 shares of the company’s stock after selling 12,861 shares during the period. Citigroup Inc.’s holdings in Varex Imaging were worth $329,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Ancora Advisors LLC lifted its holdings 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 buying an additional 635 shares during the period. Federated Hermes Inc. raised its holdings in shares of Varex Imaging by 216.3% in the third quarter. Federated Hermes Inc. now owns 1,781 shares of the company’s stock valued at $33,000 after acquiring an additional 1,218 shares in the last quarter. Quarry LP lifted its stake in Varex Imaging by 70.1% in the first quarter. Quarry LP now owns 2,305 shares of the company’s stock worth $42,000 after acquiring an additional 950 shares during the period. Point72 Hong Kong Ltd bought a new position in Varex Imaging during the 1st quarter worth about $46,000. Finally, Advisor Group Holdings Inc. increased its position in Varex Imaging by 59.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,968 shares of the company’s stock valued at $62,000 after purchasing an additional 730 shares during the period.

Varex Imaging Stock Performance

VREX stock opened at $17.30 on Wednesday. Varex Imaging Co. has a one year low of $16.72 and a one year high of $23.90. The firm has a market cap of $702.38 million, a price-to-earnings ratio of 18.02, a PEG ratio of 2.48 and a beta of 0.69. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.37 and a current ratio of 4.30. The firm has a 50-day simple moving average of $17.99 and a two-hundred day simple moving average of $18.77.

Varex Imaging (NASDAQ:VREXGet Free Report) last posted its earnings results on Tuesday, February 6th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). Varex Imaging had a net margin of 5.08% and a return on equity of 9.21%. The firm had revenue of $190.00 million for the quarter, compared to analysts’ expectations of $187.97 million. During the same period in the previous year, the company earned $0.08 EPS. The company’s revenue was down 7.6% on a year-over-year basis. On average, equities analysts forecast that Varex Imaging Co. will post 0.99 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, TheStreet downgraded shares of Varex Imaging from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th.

Read Our Latest Stock Analysis on VREX

About Varex Imaging

(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.

Further Reading

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Institutional Ownership by Quarter for Varex Imaging (NASDAQ:VREX)

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