AlphaQuest LLC Acquires 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 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,888 shares of the company’s stock after buying an additional 38,468 shares during the period. AlphaQuest LLC’s holdings in Varex Imaging were worth $611,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in VREX. Empowered Funds LLC grew its holdings in shares of Varex Imaging by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 158,873 shares of the company’s stock valued at $1,894,000 after buying an additional 8,040 shares during the period. Quest Partners LLC acquired a new position in shares of Varex Imaging in the 3rd quarter valued at $41,000. LMR Partners LLP acquired a new position in shares of Varex Imaging in the 3rd quarter valued at $243,000. Factorial Partners LLC acquired a new position in shares of Varex Imaging in the 3rd quarter valued at $399,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Varex Imaging in the 3rd quarter valued at $312,000.

Varex Imaging Price Performance

Shares of NASDAQ VREX opened at $12.81 on Wednesday. The firm has a market cap of $527.77 million, a PE ratio of -10.95 and a beta of 0.56. The company has a current ratio of 4.36, a quick ratio of 2.50 and a debt-to-equity ratio of 1.02. Varex Imaging Co. has a 1-year low of $10.19 and a 1-year high of $18.30. The company has a fifty day moving average price of $13.50 and a 200 day moving average price of $13.40.

Varex Imaging (NASDAQ:VREX) last announced its earnings results on Thursday, February 6th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Research analysts predict that Varex Imaging Co. will post 0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on VREX. B. Riley reissued a “buy” rating and issued a $22.00 price target (up previously from $21.00) on shares of Varex Imaging in a report on Friday, February 7th. StockNews.com raised shares of Varex Imaging from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Finally, Oppenheimer reduced their target price on shares of Varex Imaging from $30.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, February 7th.

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.