LMR Partners LLP Takes $243,000 Position in Varex Imaging Co. (NASDAQ:VREX)

LMR Partners LLP purchased a new stake in shares of Varex Imaging Co. (NASDAQ:VREX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 20,360 shares of the company’s stock, valued at approximately $243,000.

Several other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in shares of Varex Imaging in the 3rd quarter worth about $41,000. Empowered Funds LLC grew its stake in shares of Varex Imaging by 5.3% in the third quarter. Empowered Funds LLC now owns 158,873 shares of the company’s stock worth $1,894,000 after acquiring an additional 8,040 shares during the period. Rice Hall James & Associates LLC bought a new stake in shares of Varex Imaging in the third quarter worth approximately $1,150,000. Assenagon Asset Management S.A. grew its position in Varex Imaging by 37.3% during the third quarter. Assenagon Asset Management S.A. now owns 185,506 shares of the company’s stock valued at $2,211,000 after buying an additional 50,382 shares during the period. Finally, Inspire Advisors LLC boosted its position in shares of Varex Imaging by 29.8% in the third quarter. Inspire Advisors LLC now owns 14,149 shares of the company’s stock worth $169,000 after purchasing an additional 3,245 shares during the period.

Analyst Upgrades and Downgrades

Separately, B. Riley assumed coverage on shares of Varex Imaging in a research report on Friday, August 23rd. They set a “buy” rating and a $21.00 target price for the company.

Varex Imaging Price Performance

Varex Imaging stock opened at $15.42 on Thursday. Varex Imaging Co. has a 52-week low of $10.19 and a 52-week high of $21.50. The company has a market cap of $630.68 million, a price-to-earnings ratio of 21.72 and a beta of 0.53. The company has a quick ratio of 1.89, a current ratio of 3.34 and a debt-to-equity ratio of 0.67. The firm’s fifty day moving average is $12.42 and its 200 day moving average is $13.46.

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.