IndexIQ Advisors LLC lessened its position in Varex Imaging Co. (NASDAQ:VREX – Get Rating) by 12.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,960 shares of the company's stock after selling 2,650 shares during the quarter. IndexIQ Advisors LLC's holdings in Varex Imaging were worth $382,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of VREX. Yousif Capital Management LLC acquired a new stake in Varex Imaging in the 4th quarter valued at approximately $1,113,000. Qube Research & Technologies Ltd acquired a new stake in Varex Imaging in the 4th quarter valued at approximately $351,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Varex Imaging by 78.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,141 shares of the company's stock worth $194,000 after purchasing an additional 2,705 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Varex Imaging by 4.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 14,760 shares of the company's stock worth $385,000 after purchasing an additional 600 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Varex Imaging during the 4th quarter worth approximately $251,000.
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NASDAQ:VREX opened at $21.61 on Friday. The firm has a market capitalization of $860.08 million, a price-to-earnings ratio of 35.43, a price-to-earnings-growth ratio of 6.40 and a beta of 0.88. Varex Imaging Co. has a twelve month low of $18.90 and a twelve month high of $32.65. The stock's 50 day moving average price is $21.54 and its two-hundred day moving average price is $22.33. The company has a quick ratio of 1.70, a current ratio of 3.44 and a debt-to-equity ratio of 0.78.
Varex Imaging (NASDAQ:VREX – Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.16. Varex Imaging had a return on equity of 10.21% and a net margin of 3.03%. During the same quarter last year, the business posted $0.40 EPS. Equities research analysts expect that Varex Imaging Co. will post 0.64 earnings per share for the current fiscal year.Insider Transactions at Varex Imaging
In other news, Director Ruediger Naumann-Etienne sold 5,207 shares of Varex Imaging stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $22.62, for a total transaction of $117,782.34. Following the completion of the transaction, the director now directly owns 26,375 shares in the company, valued at approximately $596,602.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.80% of the stock is currently owned by corporate insiders.
Varex Imaging Company Profile
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Varex Imaging Corporation designs and manufactures X-ray imaging components. The company operates in two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital detectors, high voltage connectors, image-processing software and workstations, 3D reconstruction and computer-aided diagnostic software, collimators, automatic exposure control devices, generators, heat exchangers, ionization chambers, and buckys.
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