Assenagon Asset Management S.A. Sells 78,886 Shares of Varex Imaging Co. (NASDAQ:VREX)

Assenagon Asset Management S.A. cut its stake in Varex Imaging Co. (NASDAQ:VREX) by 42.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,620 shares of the company’s stock after selling 78,886 shares during the period. Assenagon Asset Management S.A.’s holdings in Varex Imaging were worth $1,556,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning grew its position in Varex Imaging by 9.2% during the third quarter. Creative Planning now owns 19,644 shares of the company’s stock worth $234,000 after buying an additional 1,654 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Varex Imaging by 13.7% during the 3rd quarter. Intech Investment Management LLC now owns 16,267 shares of the company’s stock worth $194,000 after purchasing an additional 1,959 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Varex Imaging during the second quarter valued at approximately $38,000. Inspire Advisors LLC raised its stake in shares of Varex Imaging by 29.8% in the third quarter. Inspire Advisors LLC now owns 14,149 shares of the company’s stock valued at $169,000 after purchasing an additional 3,245 shares in the last quarter. Finally, Quest Partners LLC bought a new position in Varex Imaging in the third quarter worth $41,000.

Varex Imaging Trading Up 2.6 %

Shares of VREX opened at $14.24 on Friday. The stock has a fifty day moving average price of $14.86 and a two-hundred day moving average price of $13.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.97 and a current ratio of 3.32. The company has a market cap of $587.12 million, a price-to-earnings ratio of -12.17 and a beta of 0.63. Varex Imaging Co. has a 52-week low of $10.19 and a 52-week high of $20.08.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Varex Imaging from a “hold” rating to a “buy” rating in a research note on Wednesday.

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.