WINTON GROUP Ltd Has $2.42 Million Position in Varex Imaging (VREX)

WINTON GROUP Ltd boosted its holdings in Varex Imaging (NASDAQ:VREX) by 151.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,558 shares of the company’s stock after purchasing an additional 43,106 shares during the quarter. WINTON GROUP Ltd owned approximately 0.19% of Varex Imaging worth $2,422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in VREX. Hussman Strategic Advisors Inc. acquired a new position in Varex Imaging in the second quarter valued at $147,000. Independent Order of Foresters purchased a new stake in Varex Imaging during the second quarter valued at about $243,000. Seaward Management Limited Partnership purchased a new stake in Varex Imaging during the second quarter valued at about $213,000. Schwab Charles Investment Management Inc. purchased a new stake in Varex Imaging during the second quarter valued at about $5,349,000. Finally, Foundry Partners LLC purchased a new stake in Varex Imaging during the second quarter valued at about $455,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

In related news, insider Sunny Sanyal sold 50,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $36.50, for a total value of $1,825,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

VREX has been the subject of a number of research reports. Jefferies Group initiated coverage on Varex Imaging in a research report on Wednesday, August 9th. They set a “buy” rating and a $34.00 price target for the company. Zacks Investment Research raised Varex Imaging from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, J P Morgan Chase & Co raised Varex Imaging from an “underweight” rating to a “neutral” rating and set a $33.00 target price for the company in a research report on Tuesday, August 8th.

Shares of Varex Imaging (NASDAQ VREX) opened at $37.12 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.72 and a current ratio of 3.26. Varex Imaging has a 1 year low of $25.00 and a 1 year high of $37.52.

Varex Imaging (NASDAQ:VREX) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.07. The business had revenue of $216.00 million during the quarter, compared to analyst estimates of $213.73 million. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. analysts anticipate that Varex Imaging will post 1.82 EPS for the current fiscal year.

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Varex Imaging Company Profile

Varex Imaging Corporation is a supplier of medical X-ray tubes and image processing solutions. The Company’s segments include Medical and Industrial. The X-ray imaging system manufacturers use the Company’s components for medical imaging, cargo screening and border security, to detect, diagnose and protect.

Institutional Ownership by Quarter for Varex Imaging (NASDAQ:VREX)

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