California State Teachers Retirement System trimmed its position in Varex Imaging Corp (NASDAQ:VREX) by 9.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,198 shares of the company’s stock after selling 6,530 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Varex Imaging worth $2,037,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. acquired a new stake in shares of Varex Imaging during the 2nd quarter valued at $112,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Varex Imaging during the 2nd quarter valued at $136,000. Pinebridge Investments L.P. acquired a new stake in shares of Varex Imaging during the 2nd quarter valued at $167,000. Tufton Capital Management acquired a new stake in shares of Varex Imaging during the 3rd quarter valued at $201,000. Finally, Public Employees Retirement Association of Colorado acquired a new stake in shares of Varex Imaging during the 3rd quarter valued at $206,000. Hedge funds and other institutional investors own 92.47% of the company’s stock.
Shares of Varex Imaging Corp (NASDAQ VREX) opened at $40.52 on Wednesday. Varex Imaging Corp has a 52-week low of $25.00 and a 52-week high of $41.99. The company has a market capitalization of $1,540.00 and a price-to-earnings ratio of 29.79. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.72 and a current ratio of 3.26.
Varex Imaging (NASDAQ:VREX) last announced its earnings results on Thursday, November 9th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.07. The firm had revenue of $216.00 million for the quarter, compared to analyst estimates of $213.73 million. Varex Imaging’s quarterly revenue was up 25.5% on a year-over-year basis. sell-side analysts forecast that Varex Imaging Corp will post 1.92 earnings per share for the current fiscal year.
In other Varex Imaging news, insider Sunny Sanyal sold 50,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $36.50, for a total transaction of $1,825,000.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by insiders.
A number of brokerages have recently commented on VREX. Zacks Investment Research upgraded Varex Imaging from a “strong sell” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Saturday, December 23rd. JPMorgan Chase & Co. upgraded Varex Imaging from an “underweight” rating to a “neutral” rating in a research report on Wednesday, December 20th. Finally, Jefferies Group increased their price objective on Varex Imaging to $39.00 and gave the company a “buy” rating in a research report on Friday, November 10th.
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Varex Imaging Company Profile
Varex Imaging Corporation is a supplier of medical X-ray tubes and image processing solutions. The Company’s segments include Medical and Industrial. The X-ray imaging system manufacturers use the Company’s components for medical imaging, cargo screening and border security, to detect, diagnose and protect.
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