Fox Run Management L.L.C. Has $419,000 Position in Varex Imaging Co. (NASDAQ:VREX)

Fox Run Management L.L.C. lowered its stake in Varex Imaging Co. (NASDAQ:VREX) by 14.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,691 shares of the company’s stock after selling 4,654 shares during the quarter. Fox Run Management L.L.C. owned 0.07% of Varex Imaging worth $419,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP purchased a new stake in shares of Varex Imaging during the third quarter worth $19,801,000. Wealthfront Advisers LLC purchased a new stake in Varex Imaging in the fourth quarter valued at approximately $18,900,000. Geode Capital Management LLC grew its stake in Varex Imaging by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 929,004 shares of the company’s stock worth $11,076,000 after buying an additional 4,211 shares in the last quarter. Royce & Associates LP raised its position in shares of Varex Imaging by 70.4% during the 4th quarter. Royce & Associates LP now owns 746,770 shares of the company’s stock valued at $10,895,000 after buying an additional 308,629 shares in the last quarter. Finally, Boston Partners bought a new stake in shares of Varex Imaging during the 4th quarter worth $8,718,000.

Varex Imaging Trading Down 1.1 %

Shares of VREX stock opened at $12.31 on Wednesday. The business has a 50-day moving average of $13.23 and a 200 day moving average of $13.44. 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 Co. has a 1-year low of $10.19 and a 1-year high of $18.30. The stock has a market capitalization of $507.17 million, a PE ratio of -10.52 and a beta of 0.56.

Varex Imaging (NASDAQ:VREX) last issued its earnings results on Thursday, February 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts anticipate that Varex Imaging Co. will post 0.53 earnings per share for the current year.

Insider Buying and Selling

In other Varex Imaging news, SVP Kimberley E. Honeysett sold 4,007 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $12.81, for a total transaction of $51,329.67. Following the transaction, the senior vice president now directly owns 4,002 shares of the company’s stock, valued at approximately $51,265.62. The trade was a 50.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on VREX shares. Oppenheimer cut their price objective on Varex Imaging from $30.00 to $23.00 and set an “outperform” rating for the company in a 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, B. Riley restated a “buy” rating and issued a $22.00 price objective (up from $21.00) on shares of Varex Imaging in a report on Friday, February 7th.

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.