Varex Imaging Corp (VREX) Shares Sold by State of Tennessee Treasury Department

State of Tennessee Treasury Department trimmed its position in shares of Varex Imaging Corp (NASDAQ:VREX) by 11.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,554 shares of the company’s stock after selling 3,883 shares during the quarter. State of Tennessee Treasury Department’s holdings in Varex Imaging were worth $1,187,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. American International Group Inc. boosted its holdings in Varex Imaging by 5.8% during the 3rd quarter. American International Group Inc. now owns 29,823 shares of the company’s stock valued at $1,009,000 after acquiring an additional 1,624 shares during the period. California Public Employees Retirement System boosted its holdings in Varex Imaging by 2.0% during the 4th quarter. California Public Employees Retirement System now owns 86,820 shares of the company’s stock valued at $3,488,000 after acquiring an additional 1,700 shares during the period. Rhumbline Advisers boosted its holdings in Varex Imaging by 2.5% during the 3rd quarter. Rhumbline Advisers now owns 76,119 shares of the company’s stock valued at $2,576,000 after acquiring an additional 1,860 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its holdings in Varex Imaging by 22.9% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 10,200 shares of the company’s stock valued at $345,000 after acquiring an additional 1,900 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Varex Imaging by 9.2% during the 3rd quarter. SG Americas Securities LLC now owns 34,304 shares of the company’s stock valued at $1,161,000 after acquiring an additional 2,876 shares during the period. Institutional investors own 91.78% of the company’s stock.

Shares of Varex Imaging Corp (NASDAQ VREX) opened at $38.03 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 3.25 and a quick ratio of 1.60. The stock has a market capitalization of $1,440.00 and a PE ratio of 31.69. Varex Imaging Corp has a 12-month low of $27.80 and a 12-month high of $43.76.

Varex Imaging (NASDAQ:VREX) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.17). The company had revenue of $176.20 million during the quarter, compared to analyst estimates of $194.00 million. Varex Imaging had a net margin of 7.24% and a return on equity of 16.90%. Varex Imaging’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 EPS. equities research analysts expect that Varex Imaging Corp will post 1.87 earnings per share for the current fiscal year.

A number of brokerages recently commented on VREX. Zacks Investment Research cut Varex Imaging from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. raised Varex Imaging from an “underweight” rating to a “neutral” rating in a research report on Wednesday, December 20th.

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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.

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

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