Jupiter Asset Management Ltd. Sells 9,653 Shares of Varex Imaging Co. (NASDAQ:VREX)

Jupiter Asset Management Ltd. cut its holdings in shares of Varex Imaging Co. (NASDAQ:VREX) by 19.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,026 shares of the company’s stock after selling 9,653 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Varex Imaging were worth $724,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Illinois Municipal Retirement Fund increased its position in shares of Varex Imaging by 3.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 24,105 shares of the company’s stock valued at $494,000 after purchasing an additional 832 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Varex Imaging during the 4th quarter valued at about $30,000. BNP Paribas Financial Markets boosted its position in shares of Varex Imaging by 6.6% during the 4th quarter. BNP Paribas Financial Markets now owns 36,845 shares of the company’s stock valued at $755,000 after acquiring an additional 2,274 shares during the last quarter. Trexquant Investment LP boosted its position in shares of Varex Imaging by 3.3% during the 4th quarter. Trexquant Investment LP now owns 77,808 shares of the company’s stock valued at $1,595,000 after acquiring an additional 2,522 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its position in shares of Varex Imaging by 3.5% during the 1st quarter. New York State Teachers Retirement System now owns 77,802 shares of the company’s stock valued at $1,408,000 after acquiring an additional 2,636 shares during the last quarter.

Varex Imaging Trading Down 1.7 %

Varex Imaging stock traded down $0.24 during trading hours on Friday, reaching $14.20. The company had a trading volume of 361,518 shares, compared to its average volume of 654,901. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.23 and a quick ratio of 2.37. The company has a 50-day moving average price of $14.92 and a 200 day moving average price of $16.85. The firm has a market cap of $580.78 million, a price-to-earnings ratio of 15.96, a P/E/G ratio of 3.12 and a beta of 0.59. Varex Imaging Co. has a 12-month low of $13.97 and a 12-month high of $23.58.

Varex Imaging (NASDAQ:VREX) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). The company had revenue of $206.20 million during the quarter, compared to analysts’ expectations of $205.15 million. Varex Imaging had a return on equity of 8.26% and a net margin of 4.90%. Varex Imaging’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share. Equities analysts forecast that Varex Imaging Co. will post 0.65 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded Varex Imaging from a “buy” rating to a “hold” rating in a research report on Monday, May 6th.

Varex Imaging Company 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.