LSV Asset Management Sells 10,200 Shares of Varex Imaging Co. (NASDAQ:VREX)

LSV Asset Management lowered its position in Varex Imaging Co. (NASDAQ:VREX) by 22.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,300 shares of the company’s stock after selling 10,200 shares during the period. LSV Asset Management’s holdings in Varex Imaging were worth $520,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Isthmus Partners LLC increased its position in shares of Varex Imaging by 1.2% in the 2nd quarter. Isthmus Partners LLC now owns 172,022 shares of the company’s stock valued at $2,534,000 after buying an additional 2,058 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Varex Imaging by 41.5% in the 2nd quarter. Pzena Investment Management LLC now owns 2,569,213 shares of the company’s stock valued at $37,845,000 after buying an additional 753,454 shares in the last quarter. Natixis Advisors LLC bought a new stake in shares of Varex Imaging in the 2nd quarter valued at $210,000. Innealta Capital LLC bought a new stake in shares of Varex Imaging in the 2nd quarter valued at $26,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Varex Imaging by 27.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 135,124 shares of the company’s stock valued at $1,990,000 after buying an additional 29,340 shares in the last quarter.

Varex Imaging Trading Up 0.3 %

Varex Imaging stock opened at $11.48 on Friday. The firm has a 50-day moving average of $12.94 and a 200-day moving average of $15.13. Varex Imaging Co. has a one year low of $10.19 and a one year high of $21.50. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.34 and a quick ratio of 1.89. The company has a market cap of $469.53 million, a price-to-earnings ratio of 12.90 and a beta of 0.56.

Varex Imaging (NASDAQ:VREX) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). Varex Imaging had a return on equity of 6.11% and a net margin of 4.11%. The business had revenue of $209.00 million for the quarter, compared to analyst estimates of $209.50 million. During the same quarter in the prior year, the company earned $0.37 earnings per share. The company’s quarterly revenue was down 10.0% on a year-over-year basis. On average, equities analysts expect that Varex Imaging Co. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, B. Riley assumed coverage on shares of Varex Imaging in a research note on Friday, August 23rd. They issued a “buy” rating and a $21.00 target price for the company.

Insider Transactions at Varex Imaging

In other news, SVP Kimberley E. Honeysett sold 2,578 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $12.53, for a total transaction of $32,302.34. Following the completion of the transaction, the senior vice president now directly owns 275 shares in the company, valued at approximately $3,445.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Shubham Maheshwari bought 10,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were bought at an average cost of $10.82 per share, with a total value of $108,200.00. Following the acquisition, the chief financial officer now owns 56,063 shares in the company, valued at $606,601.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kimberley E. Honeysett sold 2,578 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $12.53, for a total transaction of $32,302.34. Following the completion of the sale, the senior vice president now directly owns 275 shares in the company, valued at $3,445.75. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

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.