Wedge Capital Management L L P NC Acquires New Holdings in Varex Imaging Co. (NASDAQ:VREX)

Wedge Capital Management L L P NC acquired a new stake in Varex Imaging Co. (NASDAQ:VREX) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 37,652 shares of the company’s stock, valued at approximately $772,000. Wedge Capital Management L L P NC owned 0.09% of Varex Imaging as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Knights of Columbus Asset Advisors LLC grew its position in shares of 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 purchasing an additional 168,644 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Varex Imaging in the 4th quarter valued at approximately $416,000. Allspring Global Investments Holdings LLC grew its position in shares of Varex Imaging by 0.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,033,263 shares of the company’s stock valued at $62,182,000 after purchasing an additional 14,963 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Varex Imaging by 64.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 37,973 shares of the company’s stock valued at $778,000 after purchasing an additional 14,949 shares during the period. Finally, Pacer Advisors Inc. acquired a new position in shares of Varex Imaging in the 4th quarter valued at approximately $20,481,000.

Analysts Set New Price Targets

Separately, TheStreet lowered Varex Imaging from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th.

Varex Imaging Trading Down 1.1 %

NASDAQ:VREX opened at $16.90 on Friday. Varex Imaging Co. has a twelve month low of $16.62 and a twelve month high of $23.90. The company has a quick ratio of 2.37, a current ratio of 4.30 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average price of $17.40 and a two-hundred day moving average price of $18.59. The company has a market cap of $686.14 million, a P/E ratio of 17.60, a price-to-earnings-growth ratio of 2.46 and a beta of 0.69.

Varex Imaging (NASDAQ:VREX) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). Varex Imaging had a return on equity of 9.21% and a net margin of 5.08%. The firm had revenue of $190.00 million for the quarter, compared to analyst estimates of $187.97 million. During the same period last year, the company earned $0.08 EPS. The company’s revenue was down 7.6% compared to the same quarter last year. As a group, analysts expect that Varex Imaging Co. will post 0.99 EPS for the current fiscal year.

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.