Oregon Public Employees Retirement Fund Sells 699 Shares of Varex Imaging Co. (NASDAQ:VREX)

Oregon Public Employees Retirement Fund cut its position in Varex Imaging Co. (NASDAQ:VREX – Free Report) by 5.3% in the second quarter, HoldingsChannel.com reports. The firm owned 12,549 shares of the company’s stock after selling 699 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Varex Imaging were worth $296,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VREX. Ancora Advisors LLC increased its holdings in shares of Varex Imaging by 100.8% during the first quarter. Ancora Advisors LLC now owns 1,265 shares of the company’s stock valued at $26,000 after acquiring an additional 635 shares in the last quarter. Quarry LP increased its holdings in shares of Varex Imaging by 70.1% during the first quarter. Quarry LP now owns 2,305 shares of the company’s stock valued at $42,000 after acquiring an additional 950 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Varex Imaging during the first quarter valued at about $46,000. Advisor Group Holdings Inc. increased its holdings in shares of Varex Imaging by 59.0% during the first quarter. Advisor Group Holdings Inc. now owns 1,968 shares of the company’s stock valued at $62,000 after acquiring an additional 730 shares in the last quarter. Finally, Pacific Center for Financial Services acquired a new position in shares of Varex Imaging during the first quarter valued at about $94,000.

Get Varex Imaging alerts:

Varex Imaging Price Performance

Shares of NASDAQ VREX opened at $17.67 on Tuesday. The business’s 50 day moving average price is $19.04 and its 200 day moving average price is $20.70. The firm has a market cap of $713.87 million, a P/E ratio of 24.89, a P/E/G ratio of 0.46 and a beta of 0.82. Varex Imaging Co. has a 52 week low of $17.11 and a 52 week high of $23.90. The company has a quick ratio of 2.15, a current ratio of 4.03 and a debt-to-equity ratio of 0.81.

Varex Imaging (NASDAQ:VREX – Get Free Report) last issued its earnings results on Tuesday, August 1st. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The firm had revenue of $232.20 million for the quarter, compared to analyst estimates of $228.57 million. Varex Imaging had a return on equity of 8.24% and a net margin of 3.28%. Varex Imaging’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 earnings per share. On average, sell-side analysts expect that Varex Imaging Co. will post 1.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VREX. TheStreet upgraded shares of Varex Imaging from a “c” rating to a “b-” rating in a report on Wednesday, August 2nd. StockNews.com initiated coverage on shares of Varex Imaging in a report on Thursday, October 5th. They set a “buy” rating on the stock. Finally, Oppenheimer reiterated an “outperform” rating and issued a $42.00 target price on shares of Varex Imaging in a research report on Wednesday, August 2nd.

View Our Latest Analysis on Varex Imaging

Varex Imaging Company Profile

(Free Report)

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, high voltage connectors, image-processing software and workstations, 3D reconstruction and computer-aided diagnostic software, collimators, automatic exposure control devices, generators, heat exchangers, ionization chambers, and buckys.

See Also

• Five stocks we like better than Varex Imaging
• CD Calculator: Certificate of Deposit Calculator
• Las Vegas Sands Stock May No Longer Be a Gamble
• Dividend Screener: How to Evaluate Dividend Stocks Before Buying
• MarketBeat ‘Stock of the Week’: Is Gen Digital Undervalued?
• What is a Stock Market Index and How Do You Use Them?
• The Value Deepens for Medtech Stocks: Reversal Imminent

Want to see what other hedge funds are holding VREX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Varex Imaging Co. (NASDAQ:VREX – Free Report).

Receive News & Ratings for Varex Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varex Imaging and related companies with MarketBeat.com's FREE daily email newsletter.