Two Sigma Investments LP Sells 65,612 Shares of Varex Imaging Co. (NASDAQ:VREX)

Two Sigma Investments LP decreased its position in Varex Imaging Co. (NASDAQ:VREX - Free Report) by 31.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,419 shares of the company's stock after selling 65,612 shares during the quarter. Two Sigma Investments LP owned 0.35% of Varex Imaging worth $2,092,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in Varex Imaging in the 4th quarter valued at approximately $48,000. ProShare Advisors LLC acquired a new stake in shares of Varex Imaging in the fourth quarter valued at approximately $159,000. Nuveen Asset Management LLC raised its holdings in shares of Varex Imaging by 0.5% in the fourth quarter. Nuveen Asset Management LLC now owns 161,344 shares of the company's stock valued at $2,354,000 after purchasing an additional 791 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Varex Imaging by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,072 shares of the company's stock worth $322,000 after purchasing an additional 864 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Varex Imaging by 106.4% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 417,531 shares of the company's stock worth $6,092,000 after purchasing an additional 215,241 shares during the last quarter.

Analyst Ratings Changes

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

Varex Imaging Stock Performance

NASDAQ VREX traded up $0.11 on Thursday, hitting $8.37. 332,973 shares of the stock were exchanged, compared to its average volume of 580,171. The company has a market capitalization of $344.84 million, a PE ratio of -7.15 and a beta of 0.62. 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 business's fifty day moving average is $8.15 and its 200 day moving average is $11.99. Varex Imaging Co. has a 52 week low of $6.76 and a 52 week high of $16.93.

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

Insider Transactions at Varex Imaging

In other Varex Imaging news, SVP Kimberley E. Honeysett sold 4,007 shares of the firm's 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 completion of the sale, the senior vice president now directly owns 4,002 shares in the company, valued at $51,265.62. This trade represents a 50.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sunny Sanyal sold 8,749 shares of the business'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 value of $98,338.76. Following the sale, the chief executive officer now owns 190,193 shares of the company's stock, valued at approximately $2,137,769.32. This represents a 4.40% decrease in their position. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by corporate insiders.

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.