Squarepoint Ops LLC Acquires 15,014 Shares of Varex Imaging Co. (NASDAQ:VREX)

Squarepoint Ops LLC lifted its holdings in shares of Varex Imaging Co. (NASDAQ:VREX) by 132.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,380 shares of the company’s stock after acquiring an additional 15,014 shares during the quarter. Squarepoint Ops LLC owned approximately 0.06% of Varex Imaging worth $389,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Pzena Investment Management LLC boosted its holdings in shares of Varex Imaging by 41.5% during the second quarter. Pzena Investment Management LLC now owns 2,569,213 shares of the company’s stock worth $37,845,000 after acquiring an additional 753,454 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Varex Imaging by 287.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 165,103 shares of the company’s stock valued at $2,432,000 after buying an additional 122,488 shares in the last quarter. Isthmus Partners LLC grew its holdings in Varex Imaging by 71.2% in the 1st quarter. Isthmus Partners LLC now owns 169,964 shares of the company’s stock valued at $3,076,000 after buying an additional 70,684 shares in the last quarter. Russell Investments Group Ltd. increased its position in Varex Imaging by 424.3% during the 1st quarter. Russell Investments Group Ltd. now owns 81,847 shares of the company’s stock worth $1,481,000 after buying an additional 66,235 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of Varex Imaging during the first quarter worth $734,000.

Insider Buying and Selling

In other Varex Imaging news, CFO Shubham Maheshwari purchased 10,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were bought at an average price of $10.82 per share, for a total transaction of $108,200.00. Following the purchase, the chief financial officer now owns 56,063 shares in the company, valued at approximately $606,601.66. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Kimberley E. Honeysett sold 2,578 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $12.53, for a total transaction of $32,302.34. Following the completion of the transaction, the senior vice president now directly owns 275 shares in the company, valued at approximately $3,445.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shubham Maheshwari acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average cost of $10.82 per share, for a total transaction of $108,200.00. Following the acquisition, the chief financial officer now owns 56,063 shares in the company, valued at $606,601.66. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.20% of the stock is currently owned by company insiders.

Varex Imaging Trading Down 2.3 %

Shares of NASDAQ:VREX opened at $11.23 on Friday. The business’s 50 day simple moving average is $11.78 and its 200 day simple moving average is $14.33. Varex Imaging Co. has a 1 year low of $10.19 and a 1 year high of $21.50. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.34 and a quick ratio of 1.89. The company has a market capitalization of $459.31 million, a P/E ratio of 12.62 and a beta of 0.55.

Varex Imaging (NASDAQ:VREX) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). Varex Imaging had a return on equity of 6.11% and a net margin of 4.11%. The company had revenue of $209.00 million during the quarter, compared to the consensus estimate of $209.50 million. During the same quarter in the previous year, the business posted $0.37 EPS. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. On average, research analysts anticipate that Varex Imaging Co. will post 0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.