104,403 Shares in Varex Imaging Co. (NASDAQ:VREX) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new position in shares of Varex Imaging Co. (NASDAQ:VREX - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 104,403 shares of the company's stock, valued at approximately $1,523,000. Susquehanna Fundamental Investments LLC owned about 0.25% of Varex Imaging at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of VREX. Quadrant Capital Group LLC increased its stake in shares of Varex Imaging by 115.4% in the fourth quarter. Quadrant Capital Group LLC now owns 2,837 shares of the company's stock worth $41,000 after buying an additional 1,520 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Varex Imaging in the 4th quarter worth about $98,000. US Bancorp DE increased 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 purchasing an additional 4,429 shares during the last quarter. New York State Common Retirement Fund increased its position in Varex Imaging by 60.7% in the fourth quarter. New York State Common Retirement Fund now owns 9,531 shares of the company's stock worth $139,000 after buying an additional 3,600 shares in the last quarter. Finally, Aigen Investment Management LP bought a new stake in Varex Imaging during the 4th quarter worth approximately $147,000.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VREX shares. Oppenheimer lowered their price target on Varex Imaging from $30.00 to $23.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. B. Riley reaffirmed a "buy" rating and set a $22.00 target price (up from $21.00) on shares of Varex Imaging in a research note on Friday, February 7th. Finally, StockNews.com upgraded shares of Varex Imaging from a "hold" rating to a "buy" rating in a research note on Friday, February 7th.

Insider Buying and Selling

In related news, CEO Sunny Sanyal sold 8,749 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $11.24, for a total transaction of $98,338.76. Following the completion of the transaction, the chief executive officer now owns 190,193 shares of the company's stock, valued at $2,137,769.32. This trade represents a 4.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kimberley E. Honeysett sold 4,007 shares of Varex Imaging stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $12.81, for a total transaction of $51,329.67. Following the transaction, the senior vice president now directly owns 4,002 shares of the company's stock, valued at approximately $51,265.62. This trade represents 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 company insiders.

Varex Imaging Price Performance

NASDAQ:VREX traded down $0.14 during trading hours on Tuesday, reaching $8.31. The stock had a trading volume of 43,282 shares, compared to its average volume of 489,492. 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 stock has a market capitalization of $342.37 million, a PE ratio of -7.10 and a beta of 0.62. Varex Imaging Co. has a 52 week low of $6.97 and a 52 week high of $16.93. The company has a 50 day moving average price of $10.25 and a two-hundred day moving average price of $12.84.

Varex Imaging (NASDAQ:VREX - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate 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%. As a group, sell-side analysts anticipate that Varex Imaging Co. will post 0.53 earnings per share for the current fiscal year.

Varex Imaging Company 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.