Jane Street Group LLC Buys 384,448 Shares of Varex Imaging Co. (NASDAQ:VREX)

Jane Street Group LLC grew its position in shares of Varex Imaging Co. (NASDAQ:VREX) by 230.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 551,157 shares of the company’s stock after acquiring an additional 384,448 shares during the quarter. Jane Street Group LLC owned 1.35% of Varex Imaging worth $6,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in VREX. Pzena Investment Management LLC increased its position in shares of Varex Imaging by 51.4% in the third quarter. Pzena Investment Management LLC now owns 3,890,879 shares of the company’s stock worth $46,379,000 after purchasing an additional 1,321,666 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Varex Imaging in the 3rd quarter worth about $19,801,000. First Eagle Investment Management LLC boosted its position in shares of Varex Imaging by 0.6% during the second quarter. First Eagle Investment Management LLC now owns 359,937 shares of the company’s stock valued at $5,302,000 after buying an additional 2,250 shares during the last quarter. Weiss Asset Management LP bought a new position in Varex Imaging in the third quarter valued at about $2,593,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Varex Imaging during the third quarter valued at about $2,411,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. StockNews.com raised Varex Imaging from a “hold” rating to a “buy” rating in a research note on Wednesday, November 27th. B. Riley began coverage on Varex Imaging in a research note on Friday, August 23rd. They set a “buy” rating and a $21.00 price objective for the company.

Varex Imaging Price Performance

VREX stock opened at $15.44 on Friday. The business has a 50 day moving average price of $14.07 and a 200 day moving average price of $13.58. The stock has a market cap of $634.58 million, a price-to-earnings ratio of -13.20 and a beta of 0.60. Varex Imaging Co. has a fifty-two week low of $10.19 and a fifty-two week high of $21.50. The company has a quick ratio of 1.97, a current ratio of 3.32 and a debt-to-equity ratio of 0.72.

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.