AlphaQuest LLC Purchases 38,468 Shares of Varex Imaging Co. (NASDAQ:VREX)

AlphaQuest LLC grew its position in Varex Imaging Co. (NASDAQ:VREX) by 1,124.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,888 shares of the company’s stock after acquiring an additional 38,468 shares during the period. AlphaQuest LLC owned 0.10% of Varex Imaging worth $611,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FMR LLC raised its stake in shares of Varex Imaging by 4,739.2% in the third quarter. FMR LLC now owns 200,341 shares of the company’s stock valued at $2,388,000 after acquiring an additional 196,201 shares during the last quarter. Barclays PLC raised its stake in shares of Varex Imaging by 15.3% in the third quarter. Barclays PLC now owns 97,883 shares of the company’s stock valued at $1,166,000 after acquiring an additional 12,966 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Varex Imaging in the third quarter valued at approximately $415,000. BNP Paribas Financial Markets raised its stake in shares of Varex Imaging by 1,359.9% in the third quarter. BNP Paribas Financial Markets now owns 52,295 shares of the company’s stock valued at $623,000 after acquiring an additional 48,713 shares during the last quarter. Finally, Weiss Asset Management LP bought a new position in shares of Varex Imaging in the third quarter valued at approximately $2,593,000.

Analysts Set New Price Targets

VREX has been the subject of several research analyst reports. B. Riley restated a “buy” rating and issued a $22.00 price objective (up previously from $21.00) on shares of Varex Imaging in a research report on Friday, February 7th. StockNews.com upgraded shares of Varex Imaging from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, Oppenheimer dropped their price objective on shares of Varex Imaging from $30.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, February 7th.

Varex Imaging Stock Performance

VREX stock opened at $12.81 on Wednesday. The company has a 50 day moving average price of $13.50 and a 200 day moving average price of $13.40. The stock has a market capitalization of $527.77 million, a PE ratio of -10.95 and a beta of 0.56. Varex Imaging Co. has a fifty-two week low of $10.19 and a fifty-two week high of $18.30. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.36 and a quick ratio of 2.50.

Varex Imaging (NASDAQ:VREX) last issued its earnings results on Thursday, February 6th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. Varex Imaging had a negative net margin of 5.79% and a positive return on equity of 4.00%. Analysts forecast that Varex Imaging Co. will post 0.53 EPS for the current 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.