Varex Imaging Co. (NASDAQ:VREX) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC trimmed its stake in shares of Varex Imaging Co. (NASDAQ:VREX) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,813,905 shares of the company’s stock after selling 76,974 shares during the period. Pzena Investment Management LLC owned about 9.25% of Varex Imaging worth $55,645,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quest Partners LLC acquired a new stake in shares of Varex Imaging during the 3rd quarter valued at approximately $41,000. US Bancorp DE lifted its position in shares of Varex Imaging by 149.8% during the 4th quarter. US Bancorp DE now owns 7,386 shares of the company’s stock valued at $108,000 after acquiring an additional 4,429 shares during the period. New York State Common Retirement Fund lifted its position in shares of Varex Imaging by 60.7% during the 4th quarter. New York State Common Retirement Fund now owns 9,531 shares of the company’s stock valued at $139,000 after acquiring an additional 3,600 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Varex Imaging during the 4th quarter valued at approximately $147,000. Finally, Inceptionr LLC acquired a new position in shares of Varex Imaging during the 4th quarter worth approximately $168,000.

Wall Street Analyst Weigh In

VREX has been the subject of several research reports. Oppenheimer cut their price objective on Varex Imaging from $30.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. StockNews.com upgraded Varex Imaging from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, B. Riley reiterated a “buy” rating and issued a $22.00 price target (up from $21.00) on shares of Varex Imaging in a report on Friday, February 7th.

Varex Imaging Trading Down 2.1 %

Shares of VREX opened at $12.54 on Tuesday. The stock has a fifty day moving average of $13.54 and a two-hundred day moving average of $13.40. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.50 and a current ratio of 4.36. The company has a market capitalization of $516.65 million, a PE ratio of -10.72 and a beta of 0.56. Varex Imaging Co. has a fifty-two week low of $10.19 and a fifty-two week high of $18.30.

Varex Imaging (NASDAQ:VREX) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. Varex Imaging had a negative net margin of 5.79% and a positive return on equity of 4.00%. As a group, analysts forecast that Varex Imaging Co. will post 0.53 EPS for the current year.

Varex Imaging Profile

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.