Intech Investment Management LLC Increases Stock Position in Varex Imaging Co. (NASDAQ:VREX)

Intech Investment Management LLC grew its stake in Varex Imaging Co. (NASDAQ:VREX) by 13.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,267 shares of the company’s stock after buying an additional 1,959 shares during the period. Intech Investment Management LLC’s holdings in Varex Imaging were worth $194,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VREX. Assenagon Asset Management S.A. increased its stake in Varex Imaging by 37.3% in the third quarter. Assenagon Asset Management S.A. now owns 185,506 shares of the company’s stock valued at $2,211,000 after acquiring an additional 50,382 shares during the last quarter. Rice Hall James & Associates LLC bought a new position in shares of Varex Imaging during the 3rd quarter valued at about $1,150,000. Deerfield Management Company L.P. Series C bought a new position in shares of Varex Imaging during the 2nd quarter valued at about $971,000. Wedge Capital Management L L P NC raised its holdings in shares of Varex Imaging by 32.3% during the 3rd quarter. Wedge Capital Management L L P NC now owns 107,900 shares of the company’s stock valued at $1,286,000 after buying an additional 26,321 shares in the last quarter. Finally, Natixis Advisors LLC bought a new stake in Varex Imaging in the 2nd quarter worth approximately $210,000.

Varex Imaging Price Performance

Shares of Varex Imaging stock opened at $15.72 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.32 and a quick ratio of 1.97. Varex Imaging Co. has a one year low of $10.19 and a one year high of $21.50. The business’s 50 day simple moving average is $13.69 and its two-hundred day simple moving average is $13.56. The stock has a market capitalization of $646.09 million, a P/E ratio of -13.44 and a beta of 0.60.

Analyst Upgrades and Downgrades

VREX has been the topic of several research reports. StockNews.com raised shares of Varex Imaging from a “hold” rating to a “buy” rating in a research note on Wednesday, November 27th. B. Riley started coverage on shares of Varex Imaging in a research note on Friday, August 23rd. They issued a “buy” rating and a $21.00 price target for the company.

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.