State Street Corp Decreases Stock Holdings in Varex Imaging Co. (NASDAQ:VREX)

State Street Corp lowered its stake in shares of Varex Imaging Co. (NASDAQ:VREX) by 25.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,625,291 shares of the company’s stock after selling 553,403 shares during the quarter. State Street Corp owned about 3.97% of Varex Imaging worth $19,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in shares of Varex Imaging in the 2nd quarter valued at about $26,000. Canada Pension Plan Investment Board purchased a new stake in Varex Imaging during the second quarter valued at approximately $38,000. Quest Partners LLC acquired a new stake in Varex Imaging in the third quarter valued at approximately $41,000. CWM LLC grew its holdings in Varex Imaging by 2,384.2% in the third quarter. CWM LLC now owns 9,589 shares of the company’s stock worth $114,000 after purchasing an additional 9,203 shares during the last quarter. Finally, Inspire Advisors LLC increased its position in shares of Varex Imaging by 29.8% during the third quarter. Inspire Advisors LLC now owns 14,149 shares of the company’s stock worth $169,000 after purchasing an additional 3,245 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Varex Imaging Stock Performance

VREX opened at $14.25 on Tuesday. The firm’s 50-day moving average price is $14.46 and its 200-day moving average price is $13.52. The company 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 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 52-week low of $10.19 and a 52-week high of $21.06.

About Varex Imaging

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.