Empowered Funds LLC Acquires 8,040 Shares of Varex Imaging Co. (NASDAQ:VREX)

Empowered Funds LLC grew its stake in Varex Imaging Co. (NASDAQ:VREX) by 5.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 158,873 shares of the company’s stock after buying an additional 8,040 shares during the period. Empowered Funds LLC owned approximately 0.39% of Varex Imaging worth $1,894,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Russell Investments Group Ltd. raised its position in shares of Varex Imaging by 424.3% during the first quarter. Russell Investments Group Ltd. now owns 81,847 shares of the company’s stock valued at $1,481,000 after buying an additional 66,235 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Varex Imaging by 287.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 165,103 shares of the company’s stock worth $2,432,000 after purchasing an additional 122,488 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Varex Imaging by 37.3% during the third quarter. Assenagon Asset Management S.A. now owns 185,506 shares of the company’s stock worth $2,211,000 after buying an additional 50,382 shares in the last quarter. Rice Hall James & Associates LLC bought a new position in Varex Imaging in the 3rd quarter valued at $1,150,000. Finally, Deerfield Management Company L.P. Series C bought a new position in shares of Varex Imaging in the second quarter valued at about $971,000.

Analyst Ratings Changes

Separately, B. Riley initiated coverage on Varex Imaging in a research report on Friday, August 23rd. They set a “buy” rating and a $21.00 target price for the company.

Varex Imaging Stock Performance

Shares of Varex Imaging stock opened at $15.42 on Thursday. The firm has a fifty day moving average of $12.42 and a two-hundred day moving average of $13.46. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.89 and a current ratio of 3.34. The stock has a market capitalization of $630.68 million, a price-to-earnings ratio of 22.15 and a beta of 0.53. Varex Imaging Co. has a 52 week low of $10.19 and a 52 week high of $21.50.

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.