65,292 Shares in Varex Imaging Co. (NASDAQ:VREX) Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Varex Imaging Co. (NASDAQ:VREX) 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.