Susquehanna International Group LLP Sells 3,112,200 Shares of Varex Imaging Co. (NASDAQ:VREX)

Susquehanna International Group LLP reduced its position in Varex Imaging Co. (NASDAQ:VREX - Free Report) by 96.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 113,239 shares of the company's stock after selling 3,112,200 shares during the period. Susquehanna International Group LLP owned 0.27% of Varex Imaging worth $1,652,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its holdings in Varex Imaging by 115.4% in the fourth quarter. Quadrant Capital Group LLC now owns 2,837 shares of the company's stock valued at $41,000 after acquiring an additional 1,520 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Varex Imaging in the 4th quarter valued at about $98,000. US Bancorp DE boosted its stake in shares of Varex Imaging by 149.8% in 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 grew its position in shares of 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 during the period. Finally, Aigen Investment Management LP acquired a new position in Varex Imaging in the fourth quarter valued at approximately $147,000.

Varex Imaging Trading Down 1.3%

NASDAQ:VREX traded down $0.10 during trading hours on Friday, hitting $7.79. The stock had a trading volume of 75,550 shares, compared to its average volume of 574,595. The business's 50 day moving average is $9.45 and its 200-day moving average is $12.56. The company has a market cap of $320.95 million, a price-to-earnings ratio of -6.67 and a beta of 0.62. Varex Imaging Co. has a one year low of $6.76 and a one year high of $16.93. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.50 and a current ratio of 4.36.

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on VREX. B. Riley raised shares of Varex Imaging to a "strong-buy" rating in a report on Monday. Oppenheimer decreased their price objective on Varex Imaging from $30.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Finally, StockNews.com upgraded Varex Imaging from a "hold" rating to a "buy" rating in a report on Friday, February 7th.

Insider Transactions at Varex Imaging

In other Varex Imaging news, CEO Sunny Sanyal sold 8,749 shares of Varex Imaging stock in a transaction dated 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 $2,137,769.32. This trade represents a 4.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Kimberley E. Honeysett sold 4,007 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were 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 owns 4,002 shares in the company, 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 owned by insiders.

About Varex Imaging

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.