SG Americas Securities LLC Takes Position in Varex Imaging (NASDAQ:VREX)

SG Americas Securities LLC acquired a new position in shares of Varex Imaging (NASDAQ:VREX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 94,124 shares of the company's stock, valued at approximately $1,092,000. SG Americas Securities LLC owned approximately 0.23% of Varex Imaging as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in shares of Varex Imaging by 10.5% during the fourth quarter. Principal Financial Group Inc. now owns 41,144 shares of the company's stock worth $600,000 after purchasing an additional 3,914 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Varex Imaging during the 4th quarter valued at $190,000. Deutsche Bank AG grew its holdings in shares of Varex Imaging by 84.5% during the 4th quarter. Deutsche Bank AG now owns 31,463 shares of the company's stock valued at $459,000 after acquiring an additional 14,407 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Varex Imaging by 111.7% in the fourth quarter. Ameriprise Financial Inc. now owns 157,842 shares of the company's stock worth $2,303,000 after acquiring an additional 83,277 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Varex Imaging by 8.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,466 shares of the company's stock worth $1,539,000 after acquiring an additional 8,080 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have commented on VREX shares. Wall Street Zen downgraded Varex Imaging from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. B. Riley upgraded Varex Imaging to a "strong-buy" rating in a report on Monday, May 12th.

Varex Imaging Stock Up 1.0%

Shares of NASDAQ VREX traded up $0.08 during trading hours on Friday, hitting $7.75. The stock had a trading volume of 1,422,137 shares, compared to its average volume of 564,971. The company has a market capitalization of $319.30 million, a P/E ratio of -7.52 and a beta of 0.66. The firm's 50-day moving average price is $7.96 and its two-hundred day moving average price is $11.31. Varex Imaging has a 52 week low of $6.76 and a 52 week high of $16.93. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.36 and a current ratio of 4.05.

Varex Imaging (NASDAQ:VREX - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.14 by $0.12. The business had revenue of $212.90 million during the quarter, compared to analysts' expectations of $206.76 million. Varex Imaging had a positive return on equity of 4.91% and a negative net margin of 5.08%. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 EPS. Analysts anticipate that Varex Imaging will post 0.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other Varex Imaging news, CEO Sunny Sanyal sold 8,749 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 190,193 shares of the company's stock, valued at $2,137,769.32. This represents a 4.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.30% of the company's stock.

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.