Varex Imaging Co. (NASDAQ:VREX) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its holdings in shares of Varex Imaging Co. (NASDAQ:VREX) by 71.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,091 shares of the company’s stock after selling 35,893 shares during the period. Hsbc Holdings PLC’s holdings in Varex Imaging were worth $205,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Pzena Investment Management LLC lifted its holdings in Varex Imaging by 41.5% in the second quarter. Pzena Investment Management LLC now owns 2,569,213 shares of the company’s stock valued at $37,845,000 after acquiring an additional 753,454 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Varex Imaging by 287.4% during the second quarter. Harbor Capital Advisors Inc. now owns 165,103 shares of the company’s stock worth $2,432,000 after buying an additional 122,488 shares in the last quarter. Isthmus Partners LLC boosted its holdings in Varex Imaging by 71.2% during the first quarter. Isthmus Partners LLC now owns 169,964 shares of the company’s stock worth $3,076,000 after buying an additional 70,684 shares in the last quarter. Russell Investments Group Ltd. grew its position in Varex Imaging by 424.3% during the first quarter. Russell Investments Group Ltd. now owns 81,847 shares of the company’s stock worth $1,481,000 after buying an additional 66,235 shares during the period. Finally, Empowered Funds LLC purchased a new position in Varex Imaging in the first quarter valued at about $734,000.

Insider Transactions at Varex Imaging

In other news, SVP Kimberley E. Honeysett sold 2,578 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $12.53, for a total transaction of $32,302.34. Following the completion of the sale, the senior vice president now owns 275 shares in the company, valued at approximately $3,445.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Kimberley E. Honeysett sold 2,578 shares of Varex Imaging stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $12.53, for a total transaction of $32,302.34. Following the transaction, the senior vice president now owns 275 shares in the company, valued at approximately $3,445.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Shubham Maheshwari purchased 10,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $10.82 per share, with a total value of $108,200.00. Following the completion of the acquisition, the chief financial officer now owns 56,063 shares in the company, valued at $606,601.66. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley started coverage on Varex Imaging in a report on Friday, August 23rd. They issued a “buy” rating and a $21.00 price target on the stock.

Varex Imaging Trading Up 1.4 %

Shares of VREX opened at $11.55 on Friday. Varex Imaging Co. has a fifty-two week low of $10.19 and a fifty-two week high of $21.50. The stock has a fifty day moving average of $11.98 and a two-hundred day moving average of $14.46. 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 company has a market capitalization of $472.40 million, a PE ratio of 12.98 and a beta of 0.55.

Varex Imaging (NASDAQ:VREX) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.05). The company had revenue of $209.00 million for the quarter, compared to analyst estimates of $209.50 million. Varex Imaging had a return on equity of 6.11% and a net margin of 4.11%. The business’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same period last year, the company posted $0.37 EPS. As a group, analysts forecast that Varex Imaging Co. will post 0.46 EPS for the current year.

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.