Varex Imaging Co. (NASDAQ:VREX) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp cut its position in Varex Imaging Co. (NASDAQ:VREX) by 15.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,381 shares of the company’s stock after selling 1,854 shares during the quarter. Mackenzie Financial Corp’s holdings in Varex Imaging were worth $213,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in VREX. Federated Hermes Inc. increased its stake in 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 purchasing an additional 1,218 shares during the period. Factorial Partners LLC purchased a new position in shares of Varex Imaging during the third quarter worth about $242,000. Fox Run Management L.L.C. acquired a new position in Varex Imaging in the 3rd quarter valued at about $247,000. Versor Investments LP acquired a new stake in Varex Imaging during the 3rd quarter worth approximately $270,000. Finally, Teza Capital Management LLC acquired a new stake in Varex Imaging during the 3rd quarter worth approximately $332,000.

Varex Imaging Stock Up 0.7 %

VREX stock opened at $16.91 on Tuesday. The stock has a market capitalization of $686.55 million, a PE ratio of 17.61, a price-to-earnings-growth ratio of 2.42 and a beta of 0.69. The company has a fifty day moving average of $17.39 and a 200-day moving average of $18.56. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.37 and a current ratio of 4.30. Varex Imaging Co. has a one year low of $16.62 and a one year high of $23.90.

Varex Imaging (NASDAQ:VREX) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $187.97 million. During the same quarter in the previous year, the business earned $0.08 EPS. Varex Imaging’s revenue for the quarter was down 7.6% on a year-over-year basis. As a group, analysts expect that Varex Imaging Co. will post 0.99 EPS for the current year.

Analyst Ratings Changes

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

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 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.