17,137 Shares in Varex Imaging Co. (NASDAQ:VREX) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in shares of Varex Imaging Co. (NASDAQ:VREX) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 17,137 shares of the company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VREX. Innealta Capital LLC bought a new stake in shares of Varex Imaging in the second quarter valued at approximately $26,000. Canada Pension Plan Investment Board acquired a new position in Varex Imaging during the 2nd quarter valued at $38,000. Quest Partners LLC bought a new stake in Varex Imaging in the 3rd quarter valued at $41,000. CWM LLC grew its position in Varex Imaging by 2,384.2% in the 3rd quarter. CWM LLC now owns 9,589 shares of the company’s stock worth $114,000 after purchasing an additional 9,203 shares during the last quarter. Finally, Inspire Advisors LLC increased its holdings in shares of Varex Imaging by 29.8% during the 3rd 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.

Varex Imaging Trading Up 0.8 %

Shares of Varex Imaging stock opened at $14.38 on Friday. Varex Imaging Co. has a 52-week low of $10.19 and a 52-week high of $21.06. The firm has a market capitalization of $591.02 million, a PE ratio of -12.29 and a beta of 0.60. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.32 and a quick ratio of 1.97. The company’s fifty day moving average price is $14.34 and its two-hundred day moving average price is $13.57.

Analyst Ratings Changes

Several equities research analysts recently weighed in on VREX shares. B. Riley began coverage on shares of Varex Imaging in a research note on Friday, August 23rd. They issued a “buy” rating and a $21.00 target price for the company. StockNews.com upgraded Varex Imaging from a “hold” rating to a “buy” rating in a research report on Wednesday, November 27th.

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.