Wedge Capital Management L L P NC Has $1.20 Million Stake in Varex Imaging Co. (NASDAQ:VREX)

Wedge Capital Management L L P NC raised its position in shares of Varex Imaging Co. (NASDAQ:VREX) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,579 shares of the company’s stock after acquiring an additional 3,068 shares during the quarter. Wedge Capital Management L L P NC owned about 0.20% of Varex Imaging worth $1,202,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Pzena Investment Management LLC raised its stake in Varex Imaging by 68.7% during the 1st quarter. Pzena Investment Management LLC now owns 1,815,759 shares of the company’s stock worth $32,865,000 after buying an additional 739,224 shares during the period. Knights of Columbus Asset Advisors LLC lifted its stake in shares of Varex Imaging by 99.1% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 338,876 shares of the company’s stock valued at $6,947,000 after buying an additional 168,644 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Varex Imaging by 6.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,519,686 shares of the company’s stock worth $51,654,000 after acquiring an additional 145,968 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position 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 acquiring an additional 122,488 shares in the last quarter. Finally, Isthmus Partners LLC boosted its stake in Varex Imaging by 71.2% during the 1st quarter. Isthmus Partners LLC now owns 169,964 shares of the company’s stock valued at $3,076,000 after purchasing an additional 70,684 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Varex Imaging from a “buy” rating to a “hold” rating in a report on Monday, May 6th.

Varex Imaging Stock Performance

NASDAQ VREX traded down $0.31 during trading on Friday, hitting $12.27. 45,496 shares of the company’s stock traded hands, compared to its average volume of 405,813. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.89 and a current ratio of 3.34. The stock has a market capitalization of $501.84 million, a price-to-earnings ratio of 14.13 and a beta of 0.59. Varex Imaging Co. has a 12-month low of $10.72 and a 12-month high of $21.50. The business has a 50 day moving average of $14.11 and a 200-day moving average of $15.97.

Varex Imaging (NASDAQ:VREX) last posted its earnings results on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). Varex Imaging had a net margin of 4.11% and a return on equity of 6.11%. The company had revenue of $209.00 million for the quarter, compared to analysts’ expectations of $209.50 million. During the same period in the previous year, the firm earned $0.37 EPS. The firm’s quarterly revenue was down 10.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Varex Imaging Co. will post 0.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Varex Imaging news, CFO Shubham Maheshwari bought 9,007 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of $10.98 per share, for a total transaction of $98,896.86. Following the transaction, the chief financial officer now directly owns 46,063 shares in the company, valued at $505,771.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is owned by insiders.

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.