SG Americas Securities LLC Acquires Shares of 94,124 Varex Imaging (NASDAQ:VREX)

SG Americas Securities LLC bought a new position in shares of Varex Imaging (NASDAQ:VREX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 94,124 shares of the company's stock, valued at approximately $1,092,000. SG Americas Securities LLC owned 0.23% of Varex Imaging at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. grew its stake in 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 buying an additional 3,914 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Varex Imaging by 84.5% in the 4th quarter. Deutsche Bank AG now owns 31,463 shares of the company's stock worth $459,000 after acquiring an additional 14,407 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Varex Imaging by 111.7% in the 4th 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Varex Imaging by 8.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,466 shares of the company's stock valued at $1,539,000 after purchasing an additional 8,080 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Varex Imaging by 87.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,030 shares of the company's stock valued at $715,000 after purchasing an additional 22,829 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Varex Imaging

In other news, SVP Kimberley E. Honeysett sold 4,007 shares of the company's 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 completion of the sale, the senior vice president now directly owns 4,002 shares of the company's stock, valued at $51,265.62. This represents a 50.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sunny Sanyal sold 8,749 shares of the stock in a transaction 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 in the company, valued at approximately $2,137,769.32. This trade represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.30% of the stock is owned by corporate insiders.

Varex Imaging Stock Down 6.0%

NASDAQ:VREX opened at $7.77 on Wednesday. The company has a market cap of $320.12 million, a price-to-earnings ratio of -7.54 and a beta of 0.66. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.36 and a current ratio of 4.05. The stock's fifty day moving average price is $7.98 and its two-hundred day moving average price is $11.49. Varex Imaging has a 52-week low of $6.76 and a 52-week high of $16.93.

Varex Imaging (NASDAQ:VREX - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.12. The company had revenue of $212.90 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 earnings per share. On average, analysts anticipate that Varex Imaging will post 0.53 EPS for the current 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.

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