Pzena Investment Management LLC Has $46.38 Million Stock Position in Varex Imaging Co. (NASDAQ:VREX)

Pzena Investment Management LLC grew its stake in Varex Imaging Co. (NASDAQ:VREX) by 51.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,890,879 shares of the company’s stock after purchasing an additional 1,321,666 shares during the quarter. Pzena Investment Management LLC owned approximately 0.10% of Varex Imaging worth $46,379,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its position in shares of Varex Imaging by 424.3% in the first 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. raised its position in shares of Varex Imaging by 287.4% in the second quarter. Harbor Capital Advisors Inc. now owns 165,103 shares of the company’s stock worth $2,432,000 after buying an additional 122,488 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Varex Imaging by 37.3% during 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 during the period. Rice Hall James & Associates LLC purchased a new position in Varex Imaging during the third quarter worth about $1,150,000. Finally, Deerfield Management Company L.P. Series C bought a new position in Varex Imaging in the 2nd quarter worth about $971,000.

Varex Imaging Price Performance

Shares of VREX stock traded up $1.17 during trading hours on Wednesday, hitting $15.73. 399,329 shares of the company’s stock were exchanged, compared to its average volume of 489,262. The company has a market capitalization of $643.36 million, a PE ratio of 22.15 and a beta of 0.53. Varex Imaging Co. has a 12-month low of $10.19 and a 12-month high of $21.50. The company has a current ratio of 3.34, a quick ratio of 1.89 and a debt-to-equity ratio of 0.67. The business’s 50 day simple moving average is $12.42 and its 200-day simple moving average is $13.46.

Wall Street Analyst Weigh In

Separately, B. Riley began coverage on Varex Imaging in a report on Friday, August 23rd. They set a “buy” rating and a $21.00 price objective for the company.

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.