Paloma Partners Management Co Makes New Investment in Varex Imaging Co. (NASDAQ:VREX)

Paloma Partners Management Co bought a new stake in Varex Imaging Co. (NASDAQ:VREX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 45,756 shares of the company’s stock, valued at approximately $545,000. Paloma Partners Management Co owned 0.11% of Varex Imaging at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Innealta Capital LLC purchased a new position in Varex Imaging in the second quarter valued at about $26,000. Canada Pension Plan Investment Board acquired a new stake in shares of Varex Imaging in the second quarter valued at about $38,000. Quest Partners LLC purchased a new stake in shares of Varex Imaging during the 3rd quarter valued at about $41,000. CWM LLC lifted its position in Varex Imaging by 2,384.2% during the 3rd quarter. CWM LLC now owns 9,589 shares of the company’s stock worth $114,000 after acquiring an additional 9,203 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD purchased a new position in Varex Imaging in the 1st quarter worth approximately $207,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on VREX shares. StockNews.com raised shares of Varex Imaging from a “hold” rating to a “buy” rating in a research report on Wednesday, November 27th. B. Riley started coverage on Varex Imaging in a research report on Friday, August 23rd. They set a “buy” rating and a $21.00 target price on the stock.

Varex Imaging Stock Down 0.2 %

VREX stock opened at $16.37 on Wednesday. The company has a market capitalization of $672.81 million, a P/E ratio of -13.99 and a beta of 0.60. The firm has a 50 day simple moving average of $13.44 and a 200-day simple moving average of $13.52. The company has a current ratio of 3.32, a quick ratio of 1.97 and a debt-to-equity ratio of 0.72. Varex Imaging Co. has a twelve month low of $10.19 and a twelve month high of $21.50.

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.