Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Varex Imaging Co. (NASDAQ:VREX – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 65,292 shares of the company’s stock, valued at approximately $778,000. Point72 Asia Singapore Pte. Ltd. owned 0.16% of Varex Imaging as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of VREX. Pzena Investment Management LLC grew its holdings in Varex Imaging by 51.4% during the third quarter. Pzena Investment Management LLC now owns 3,890,879 shares of the company’s stock worth $46,379,000 after acquiring an additional 1,321,666 shares during the period. FMR LLC grew its holdings in Varex Imaging by 4,739.2% during the third quarter. FMR LLC now owns 200,341 shares of the company’s stock worth $2,388,000 after acquiring an additional 196,201 shares during the period. PDT Partners LLC acquired a new position in Varex Imaging during the third quarter worth about $1,802,000. Harbor Capital Advisors Inc. grew its holdings in Varex Imaging by 287.4% during the second quarter. Harbor Capital Advisors Inc. now owns 165,103 shares of the company’s stock worth $2,432,000 after acquiring an additional 122,488 shares during the period. Finally, Rice Hall James & Associates LLC acquired a new position in Varex Imaging during the third quarter worth about $1,150,000.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on VREX. B. Riley began coverage on Varex Imaging in a research note on Friday, August 23rd. They issued a “buy” rating and a $21.00 price target on the stock. StockNews.com raised Varex Imaging from a “hold” rating to a “buy” rating in a research note on Wednesday, November 27th.
Varex Imaging Trading Up 0.9 %
Shares of VREX opened at $16.68 on Monday. The business’s 50-day moving average price is $13.24 and its 200 day moving average price is $13.50. The stock has a market capitalization of $685.55 million, a P/E ratio of -14.26 and a beta of 0.53. Varex Imaging Co. has a 1-year low of $10.19 and a 1-year high of $21.50. The company has a current ratio of 3.32, a quick ratio of 1.97 and a debt-to-equity ratio of 0.72.
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.
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