Factorial Partners LLC Buys Shares of 33,500 Varex Imaging Co. (NASDAQ:VREX)

Factorial Partners LLC purchased a new position in shares of Varex Imaging Co. (NASDAQ:VREX) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 33,500 shares of the company’s stock, valued at approximately $399,000.

Other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. lifted its position in shares of Varex Imaging by 424.3% during the 1st quarter. Russell Investments Group Ltd. now owns 81,847 shares of the company’s stock valued at $1,481,000 after acquiring an additional 66,235 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Varex Imaging by 287.4% in the second quarter. Harbor Capital Advisors Inc. now owns 165,103 shares of the company’s stock valued at $2,432,000 after purchasing an additional 122,488 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Varex Imaging by 37.3% in the third quarter. Assenagon Asset Management S.A. now owns 185,506 shares of the company’s stock valued at $2,211,000 after buying an additional 50,382 shares in the last quarter. Rice Hall James & Associates LLC acquired a new position in shares of Varex Imaging during the 3rd quarter worth $1,150,000. Finally, Deerfield Management Company L.P. Series C acquired a new position in Varex Imaging during the second quarter worth about $971,000.

Varex Imaging Stock Performance

Shares of VREX stock opened at $14.56 on Wednesday. Varex Imaging Co. has a one year low of $10.19 and a one year high of $21.50. The company has a 50 day moving average price of $12.35 and a 200 day moving average price of $13.46. The firm has a market capitalization of $595.50 million, a price-to-earnings ratio of 19.89 and a beta of 0.53. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.89 and a current ratio of 3.34.

Analyst Upgrades and Downgrades

Separately, B. Riley started coverage on shares of Varex Imaging in a research note on Friday, August 23rd. They issued a “buy” rating and a $21.00 target price for the company.

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.