State Street Corp Reduces Stake in Varex Imaging Co. (NASDAQ:VREX)

State Street Corp cut its holdings in shares of Varex Imaging Co. (NASDAQ:VREX) by 25.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,625,291 shares of the company’s stock after selling 553,403 shares during the quarter. State Street Corp’s holdings in Varex Imaging were worth $19,373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Innealta Capital LLC acquired a new stake in shares of Varex Imaging in the second quarter worth $26,000. Canada Pension Plan Investment Board purchased a new stake in Varex Imaging in the second quarter valued at $38,000. Quest Partners LLC acquired a new stake in Varex Imaging during the 3rd quarter worth about $41,000. CWM LLC raised its stake in shares of Varex Imaging by 2,384.2% during the 3rd quarter. CWM LLC now owns 9,589 shares of the company’s stock valued at $114,000 after buying an additional 9,203 shares during the last quarter. Finally, Inspire Advisors LLC lifted its holdings in shares of Varex Imaging by 29.8% in the 3rd quarter. Inspire Advisors LLC now owns 14,149 shares of the company’s stock valued at $169,000 after buying an additional 3,245 shares during the period.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Varex Imaging from a “hold” rating to a “buy” rating in a report on Wednesday, November 27th.

Varex Imaging Stock Performance

VREX opened at $14.25 on Tuesday. The firm has a fifty day moving average price of $14.46 and a 200 day moving average price of $13.52. Varex Imaging Co. has a 1 year low of $10.19 and a 1 year high of $21.06. The stock has a market cap of $587.54 million, a P/E ratio of -12.18 and a beta of 0.60. 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 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.