Varex Imaging Co. (NASDAQ:VREX) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in Varex Imaging Co. (NASDAQ:VREX) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 930,648 shares of the company’s stock after purchasing an additional 1,644 shares during the quarter. Geode Capital Management LLC owned approximately 2.26% of Varex Imaging worth $13,582,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Arrowstreet Capital Limited Partnership grew its holdings in Varex Imaging by 2,223.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 288,630 shares of the company’s stock valued at $4,211,000 after buying an additional 276,207 shares during the last quarter. Caisse Des Depots ET Consignations purchased a new stake in shares of Varex Imaging in the fourth quarter valued at $315,000. EntryPoint Capital LLC boosted its stake in shares of Varex Imaging by 39.7% during the fourth quarter. EntryPoint Capital LLC now owns 43,232 shares of the company’s stock valued at $631,000 after acquiring an additional 12,285 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Varex Imaging during the 4th quarter worth about $98,000. Finally, American Century Companies Inc. raised its stake in Varex Imaging by 65.9% in the 4th quarter. American Century Companies Inc. now owns 66,402 shares of the company’s stock valued at $969,000 after purchasing an additional 26,387 shares during the last quarter.

Varex Imaging Trading Up 2.2 %

VREX stock opened at $7.32 on Monday. Varex Imaging Co. has a 52 week low of $7.11 and a 52 week high of $17.46. The company has a market cap of $301.58 million, a price-to-earnings ratio of -6.26 and a beta of 0.65. The company has a quick ratio of 2.50, a current ratio of 4.36 and a debt-to-equity ratio of 1.02. The business has a fifty day simple moving average of $11.35 and a 200-day simple moving average of $13.10.

Varex Imaging (NASDAQ:VREX) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Varex Imaging had a positive return on equity of 4.00% and a negative net margin of 5.79%. On average, equities research analysts expect that Varex Imaging Co. will post 0.53 EPS for the current year.

Insider Buying and Selling at Varex Imaging

In other Varex Imaging news, CEO Sunny Sanyal sold 8,749 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $11.24, for a total value of $98,338.76. Following the transaction, the chief executive officer now owns 190,193 shares in the company, valued at $2,137,769.32. The trade was a 4.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Kimberley E. Honeysett sold 4,007 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $12.81, for a total transaction of $51,329.67. Following the completion of the transaction, the senior vice president now directly owns 4,002 shares of the company’s stock, valued at approximately $51,265.62. The trade was a 50.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VREX. B. Riley reaffirmed a “buy” rating and issued a $22.00 price objective (up previously from $21.00) on shares of Varex Imaging in a research report on Friday, February 7th. Oppenheimer lowered their price target on Varex Imaging from $30.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Finally, StockNews.com upgraded shares of Varex Imaging from a “hold” rating to a “buy” rating in a report on Friday, February 7th.

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.