Varex Imaging Co. (NASDAQ:VREX) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC lowered its position in shares of Varex Imaging Co. (NASDAQ:VREX) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,076,535 shares of the company’s stock after selling 37,523 shares during the period. Pzena Investment Management LLC’s holdings in Varex Imaging were worth $22,069,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in VREX. Pacer Advisors Inc. acquired a new stake in shares of Varex Imaging during the fourth quarter worth about $20,481,000. First Eagle Investment Management LLC acquired a new position in Varex Imaging in the 3rd quarter valued at about $5,098,000. Knights of Columbus Asset Advisors LLC increased its position in Varex Imaging by 99.1% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 338,876 shares of the company’s stock valued at $6,947,000 after acquiring an additional 168,644 shares during the period. Dimensional Fund Advisors LP increased its position in Varex Imaging by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,519,686 shares of the company’s stock valued at $51,654,000 after acquiring an additional 145,968 shares during the period. Finally, AQR Capital Management LLC increased its position in Varex Imaging by 90.5% in the 3rd quarter. AQR Capital Management LLC now owns 240,677 shares of the company’s stock valued at $4,522,000 after acquiring an additional 114,306 shares during the period.

Varex Imaging Stock Performance

NASDAQ VREX traded up $0.12 on Thursday, hitting $15.07. 73,495 shares of the company’s stock were exchanged, compared to its average volume of 332,702. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.23 and a quick ratio of 2.37. The firm’s 50-day moving average price is $16.82 and its two-hundred day moving average price is $18.26. Varex Imaging Co. has a fifty-two week low of $14.56 and a fifty-two week high of $23.90. The firm has a market cap of $616.36 million, a price-to-earnings ratio of 16.80, a P/E/G ratio of 3.28 and a beta of 0.72.

Varex Imaging (NASDAQ:VREX) last released its earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07). Varex Imaging had a return on equity of 8.26% and a net margin of 4.90%. The business had revenue of $206.20 million for the quarter, compared to analyst estimates of $205.15 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The business’s revenue for the quarter was down 9.6% on a year-over-year basis. On average, research analysts expect that Varex Imaging Co. will post 0.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. TheStreet cut Varex Imaging from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. StockNews.com cut Varex Imaging from a “buy” rating to a “hold” rating in a research report on Monday, May 6th.

About Varex Imaging

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.