Wellington Management Group LLP Buys Shares of 1,661,164 Varex Imaging Co. (NASDAQ:VREX)

Wellington Management Group LLP acquired a new position in Varex Imaging Co. (NASDAQ:VREX) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,661,164 shares of the company’s stock, valued at approximately $19,801,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of VREX. Innealta Capital LLC acquired a new position in shares of Varex Imaging in the 2nd quarter worth $26,000. Canada Pension Plan Investment Board purchased a new position in shares of Varex Imaging during the second quarter valued at $38,000. Quest Partners LLC purchased a new position in Varex Imaging in the third quarter valued at about $41,000. CWM LLC grew its stake in Varex Imaging by 2,384.2% in the third quarter. CWM LLC now owns 9,589 shares of the company’s stock valued at $114,000 after purchasing an additional 9,203 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD purchased a new position in Varex Imaging in the first quarter valued at about $207,000.

Varex Imaging Stock Down 0.5 %

NASDAQ VREX opened at $15.44 on Friday. The stock’s 50 day simple moving average is $13.99 and its 200 day simple moving average is $13.57. Varex Imaging Co. has a one year low of $10.19 and a one year high of $21.50. 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 firm has a market cap of $634.58 million, a PE ratio of -13.21 and a beta of 0.60.

Analyst Upgrades and Downgrades

VREX has been the subject of a number of analyst reports. StockNews.com raised Varex Imaging from a “hold” rating to a “buy” rating in a research report on Wednesday, November 27th. B. Riley started coverage on Varex Imaging in a research note on Friday, August 23rd. They set a “buy” rating and a $21.00 price target on the stock.

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.