Varex Imaging Co. (NASDAQ:VREX) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its holdings in shares of Varex Imaging Co. (NASDAQ:VREX) by 42.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 106,620 shares of the company’s stock after selling 78,886 shares during the quarter. Assenagon Asset Management S.A. owned about 0.26% of Varex Imaging worth $1,556,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Wellington Management Group LLP acquired a new stake in Varex Imaging in the third quarter worth about $19,801,000. Pzena Investment Management LLC lifted its stake in shares of Varex Imaging by 51.4% in the 3rd quarter. Pzena Investment Management LLC now owns 3,890,879 shares of the company’s stock worth $46,379,000 after acquiring an additional 1,321,666 shares during the period. Jane Street Group LLC boosted its holdings in shares of Varex Imaging by 230.6% in the third quarter. Jane Street Group LLC now owns 551,157 shares of the company’s stock valued at $6,570,000 after acquiring an additional 384,448 shares in the last quarter. Weiss Asset Management LP bought a new position in shares of Varex Imaging in the third quarter valued at approximately $2,593,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Varex Imaging during the third quarter valued at approximately $2,411,000.

Varex Imaging Stock Performance

Shares of NASDAQ VREX opened at $14.24 on Friday. Varex Imaging Co. has a one year low of $10.19 and a one year high of $20.08. The business’s 50-day moving average price is $14.86 and its two-hundred day moving average price is $13.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.32 and a quick ratio of 1.97. The company has a market capitalization of $587.12 million, a P/E ratio of -12.17 and a beta of 0.63.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Varex Imaging from a “hold” rating to a “buy” rating in a research note on Wednesday.

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.