Varex Imaging Co. (NASDAQ:VREX) Shares Sold by Jump Financial LLC

Jump Financial LLC cut its stake in Varex Imaging Co. (NASDAQ:VREX - Free Report) by 77.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,004 shares of the company's stock after selling 74,435 shares during the period. Jump Financial LLC owned about 0.05% of Varex Imaging worth $321,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Barclays PLC boosted its position in shares of Varex Imaging by 15.3% in the 3rd quarter. Barclays PLC now owns 97,883 shares of the company's stock valued at $1,166,000 after purchasing an additional 12,966 shares during the period. Geode Capital Management LLC increased its holdings in shares of Varex Imaging by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 929,004 shares of the company's stock valued at $11,076,000 after acquiring an additional 4,211 shares during the period. Empowered Funds LLC grew its position in Varex Imaging by 5.1% during the 4th quarter. Empowered Funds LLC now owns 166,977 shares of the company's stock worth $2,436,000 after purchasing an additional 8,104 shares during the last quarter. Savant Capital LLC purchased a new stake in shares of Varex Imaging in the fourth quarter valued at about $237,000. Finally, Principal Financial Group Inc. grew 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 buying an additional 3,914 shares during the last quarter.

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 completion of the sale, the chief executive officer now owns 190,193 shares in the company, valued at $2,137,769.32. The trade was a 4.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kimberley E. Honeysett sold 4,007 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $12.81, for a total transaction of $51,329.67. Following the transaction, the senior vice president now directly owns 4,002 shares of the company's stock, valued at approximately $51,265.62. This represents a 50.03 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.30% of the company's stock.

Varex Imaging Price Performance

Shares of VREX stock traded up $0.20 during mid-day trading on Friday, reaching $8.59. The stock had a trading volume of 85,253 shares, compared to its average volume of 572,016. The company has a market cap of $353.91 million, a P/E ratio of -7.35 and a beta of 0.65. The company has a current ratio of 4.36, a quick ratio of 2.50 and a debt-to-equity ratio of 1.02. Varex Imaging Co. has a 12-month low of $6.97 and a 12-month high of $17.02. The business has a 50-day simple moving average of $10.43 and a 200 day simple moving average of $12.87.

Varex Imaging (NASDAQ:VREX - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. Varex Imaging had a positive return on equity of 4.00% and a negative net margin of 5.79%. On average, sell-side analysts anticipate that Varex Imaging Co. will post 0.53 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. StockNews.com upgraded Varex Imaging from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Oppenheimer cut their price target on shares of Varex Imaging from $30.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Finally, B. Riley reiterated a "buy" rating and issued a $22.00 price objective (up previously from $21.00) on shares of Varex Imaging in a research report on Friday, February 7th.

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.