Fox Run Management L.L.C. Trims Holdings in Varex Imaging Co. (NASDAQ:VREX)

Fox Run Management L.L.C. reduced its holdings in shares of Varex Imaging Co. (NASDAQ:VREX) by 14.0% in the fourth quarter, HoldingsChannel reports. The fund owned 28,691 shares of the company’s stock after selling 4,654 shares during the period. Fox Run Management L.L.C.’s holdings in Varex Imaging were worth $419,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Isthmus Partners LLC boosted its position in shares of Varex Imaging by 0.8% in the 4th quarter. Isthmus Partners LLC now owns 149,874 shares of the company’s stock worth $2,187,000 after purchasing an additional 1,260 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Varex Imaging by 13.7% in the third quarter. Intech Investment Management LLC now owns 16,267 shares of the company’s stock worth $194,000 after acquiring an additional 1,959 shares in the last quarter. Inspire Advisors LLC grew its stake in shares of Varex Imaging by 22.5% in the fourth quarter. Inspire Advisors LLC now owns 17,334 shares of the company’s stock worth $253,000 after acquiring an additional 3,185 shares during the last quarter. Quest Partners LLC bought a new position in shares of Varex Imaging during the third quarter valued at $41,000. Finally, New York State Common Retirement Fund raised its position in shares of Varex Imaging by 60.7% in the 4th quarter. New York State Common Retirement Fund now owns 9,531 shares of the company’s stock worth $139,000 after purchasing an additional 3,600 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VREX. StockNews.com upgraded shares of Varex Imaging from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Oppenheimer reduced their target price on Varex Imaging from $30.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Finally, B. Riley reaffirmed a “buy” rating and set a $22.00 price target (up from $21.00) on shares of Varex Imaging in a report on Friday, February 7th.

Insider Activity at Varex Imaging

In related news, SVP Kimberley E. Honeysett sold 4,007 shares of the company’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 sale, the senior vice president now owns 4,002 shares of the company’s stock, valued at $51,265.62. This represents a 50.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.30% of the stock is owned by corporate insiders.

Varex Imaging Stock Down 1.1 %

Shares of Varex Imaging stock opened at $12.31 on Wednesday. Varex Imaging Co. has a twelve month low of $10.19 and a twelve month high of $18.30. The company has a quick ratio of 2.50, a current ratio of 4.36 and a debt-to-equity ratio of 1.02. The company’s 50 day moving average is $13.23 and its 200 day moving average is $13.44. The company has a market cap of $507.17 million, a price-to-earnings ratio of -10.52 and a beta of 0.56.

Varex Imaging (NASDAQ:VREX) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Varex Imaging had a positive return on equity of 4.00% and a negative net margin of 5.79%. Research analysts anticipate 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.