Millennium Management LLC Sells 323,396 Shares of Varex Imaging Co. (NASDAQ:VREX)

Millennium Management LLC decreased its position in shares of Varex Imaging Co. (NASDAQ:VREX - Free Report) by 32.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 687,997 shares of the company's stock after selling 323,396 shares during the quarter. Millennium Management LLC owned approximately 1.67% of Varex Imaging worth $10,038,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Aquatic Capital Management LLC acquired a new position in Varex Imaging during the 4th quarter worth $25,000. Quadrant Capital Group LLC lifted its holdings in Varex Imaging by 115.4% during the 4th 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 in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Varex Imaging during the 4th quarter worth $98,000. US Bancorp DE lifted its holdings in Varex Imaging by 149.8% during the 4th quarter. US Bancorp DE now owns 7,386 shares of the company's stock worth $108,000 after buying an additional 4,429 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in 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 worth $139,000 after buying an additional 3,600 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VREX. B. Riley raised Varex Imaging to a "strong-buy" rating in a report on Monday, May 12th. Wall Street Zen downgraded Varex Imaging from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Oppenheimer cut their price target on Varex Imaging from $30.00 to $23.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th.

Varex Imaging Trading Up 1.3%

Shares of VREX stock traded up $0.11 during trading hours on Thursday, reaching $7.97. The company had a trading volume of 78,868 shares, compared to its average volume of 489,387. The company has a 50 day moving average of $8.57 and a 200 day moving average of $12.20. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.36 and a quick ratio of 2.50. The firm has a market cap of $328.16 million, a price-to-earnings ratio of -6.81 and a beta of 0.62. Varex Imaging Co. has a 1-year low of $6.76 and a 1-year high of $16.93.

Varex Imaging (NASDAQ:VREX - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.12. The company had revenue of $212.90 million for the quarter, compared to the consensus estimate of $206.76 million. Varex Imaging had a positive return on equity of 4.00% and a negative net margin of 5.79%. The firm's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 EPS. On average, equities research analysts anticipate that Varex Imaging Co. will post 0.53 EPS for the current year.

Insider Buying and Selling

In other Varex Imaging news, CEO Sunny Sanyal sold 8,749 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was 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 in the company, valued at approximately $2,137,769.32. This represents a 4.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kimberley E. Honeysett sold 4,007 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.81, for a total value of $51,329.67. Following the transaction, the senior vice president now owns 4,002 shares of the company's stock, valued at approximately $51,265.62. This trade represents a 50.03% decrease in their position. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by company insiders.

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.