Varex Imaging Co. (NASDAQ:VREX) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in Varex Imaging Co. (NASDAQ:VREX) by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,297,875 shares of the company’s stock after selling 256,948 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 5.57% of Varex Imaging worth $33,112,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Quest Partners LLC acquired a new position in shares of Varex Imaging during the third quarter valued at $41,000. CWM LLC boosted its holdings in shares of Varex Imaging by 2,384.2% during the third quarter. CWM LLC now owns 9,589 shares of the company’s stock valued at $114,000 after acquiring an additional 9,203 shares during the period. Inspire Advisors LLC boosted its holdings in shares of Varex Imaging by 29.8% during the third quarter. Inspire Advisors LLC now owns 14,149 shares of the company’s stock valued at $169,000 after acquiring an additional 3,245 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Varex Imaging by 13.7% during the third quarter. Intech Investment Management LLC now owns 16,267 shares of the company’s stock valued at $194,000 after acquiring an additional 1,959 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Varex Imaging during the third quarter valued at $204,000.

Varex Imaging Stock Performance

VREX stock opened at $13.27 on Friday. The company has a market capitalization of $546.72 million, a P/E ratio of -11.34 and a beta of 0.62. The company has a 50-day simple moving average of $14.22 and a 200 day simple moving average of $13.34. 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 quick ratio of 1.97, a current ratio of 3.32 and a debt-to-equity ratio of 0.72.

Varex Imaging (NASDAQ:VREX) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.07 earnings per share 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 3.96%. Sell-side analysts predict that Varex Imaging Co. will post 0.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Varex Imaging Company 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.