Principal Financial Group Inc. Sells 182,453 Shares of Varex Imaging Co. (NASDAQ:VREX)

Principal Financial Group Inc. decreased its stake in Varex Imaging Co. (NASDAQ:VREX) by 83.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 37,230 shares of the company’s stock after selling 182,453 shares during the quarter. Principal Financial Group Inc.’s holdings in Varex Imaging were worth $444,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VREX. Pzena Investment Management LLC grew its stake in shares of 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 buying an additional 753,454 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Varex Imaging by 287.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 165,103 shares of the company’s stock valued at $2,432,000 after acquiring an additional 122,488 shares during the period. Rice Hall James & Associates LLC acquired a new position in shares of Varex Imaging during the 3rd quarter worth about $1,150,000. Russell Investments Group Ltd. raised its holdings in shares of Varex Imaging by 424.3% in the 1st quarter. Russell Investments Group Ltd. now owns 81,847 shares of the company’s stock valued at $1,481,000 after purchasing an additional 66,235 shares during the period. Finally, Deerfield Management Company L.P. Series C acquired a new stake in Varex Imaging in the 2nd quarter valued at about $971,000.

Analysts Set New Price Targets

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

Varex Imaging Stock Performance

Shares of NASDAQ:VREX opened at $16.64 on Monday. The company’s 50 day simple moving average is $12.69 and its 200 day simple moving average is $13.48. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.32 and a quick ratio of 1.89. Varex Imaging Co. has a 1 year low of $10.19 and a 1 year high of $21.50. The stock has a market capitalization of $683.90 million, a price-to-earnings ratio of -14.22 and a beta of 0.53.

Varex Imaging 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.