First Eagle Investment Management LLC Sells 96,000 Shares of Varex Imaging Co. (NASDAQ:VREX)

First Eagle Investment Management LLC reduced its holdings in Varex Imaging Co. (NASDAQ:VREX) by 30.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 223,238 shares of the company’s stock after selling 96,000 shares during the period. First Eagle Investment Management LLC’s holdings in Varex Imaging were worth $3,257,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. increased its position in Varex Imaging by 87.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,030 shares of the company’s stock worth $715,000 after buying an additional 22,829 shares during the period. Wealthfront Advisers LLC bought a new position in Varex Imaging in the 4th quarter worth approximately $18,900,000. Inspire Advisors LLC increased its position in Varex Imaging by 22.5% in the 4th quarter. Inspire Advisors LLC now owns 17,334 shares of the company’s stock worth $253,000 after buying an additional 3,185 shares during the period. Isthmus Partners LLC grew its holdings in shares of Varex Imaging by 0.8% during the 4th quarter. Isthmus Partners LLC now owns 149,874 shares of the company’s stock worth $2,187,000 after purchasing an additional 1,260 shares in the last quarter. Finally, AlphaQuest LLC grew its holdings in shares of Varex Imaging by 1,124.8% during the 4th quarter. AlphaQuest LLC now owns 41,888 shares of the company’s stock worth $611,000 after purchasing an additional 38,468 shares in the last quarter.

Varex Imaging Price Performance

Shares of VREX stock opened at $12.50 on Friday. The stock’s fifty day simple moving average is $13.39 and its 200 day simple moving average is $13.40. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.36 and a quick ratio of 2.50. The firm has a market cap of $515 million, a price-to-earnings ratio of -10.68 and a beta of 0.56. Varex Imaging Co. has a one year low of $10.19 and a one year high of $18.30.

Varex Imaging (NASDAQ:VREX) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. Varex Imaging had a positive return on equity of 4.00% and a negative net margin of 5.79%. On average, analysts expect that Varex Imaging Co. will post 0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. B. Riley reissued a “buy” rating and set a $22.00 price objective (up previously from $21.00) on shares of Varex Imaging in a report on Friday, February 7th. StockNews.com raised Varex Imaging from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Oppenheimer decreased their price objective on Varex Imaging from $30.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, February 7th.

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.