Charles Schwab Investment Management Inc. Trims Holdings in Varex Imaging Co. (NASDAQ:VREX)

Charles Schwab Investment Management Inc. reduced its holdings in shares of Varex Imaging Co. (NASDAQ:VREX) by 12.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 450,458 shares of the company’s stock after selling 63,751 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.10% of Varex Imaging worth $5,369,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Intech Investment Management LLC raised its position in shares of Varex Imaging by 13.7% during the 3rd 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 in the last quarter. Pzena Investment Management LLC raised its position in shares of Varex Imaging by 51.4% during the 3rd quarter. Pzena Investment Management LLC now owns 3,890,879 shares of the company’s stock valued at $46,379,000 after acquiring an additional 1,321,666 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Varex Imaging in the third quarter worth $312,000. Factorial Partners LLC acquired a new stake in Varex Imaging in the third quarter worth $399,000. Finally, LMR Partners LLP acquired a new stake in Varex Imaging in the third quarter worth $243,000.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. B. Riley assumed coverage on Varex Imaging in a research report on Friday, August 23rd. They issued a “buy” rating and a $21.00 target price on the stock. StockNews.com raised Varex Imaging from a “hold” rating to a “buy” rating in a research report on Wednesday, November 27th.

Varex Imaging Trading Up 0.1 %

NASDAQ:VREX opened at $15.52 on Friday. 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 Co. has a 1-year low of $10.19 and a 1-year high of $21.50. The firm has a market capitalization of $637.87 million, a price-to-earnings ratio of -13.26 and a beta of 0.60. The stock has a fifty day simple moving average of $13.99 and a 200 day simple moving average of $13.57.

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.