Varex Imaging Corporation (VREX): A Detailed Look at its Institutional Ownership

Varex Imaging Corporation (NASDAQ:VREX) produced a 19.61% rally since recording the worst price of $21.57. Thanks to the latest 3.16% increase, it now trades at $25.8. Throughout the trading on 01/10/2019, the share price floated between $24.83 and $26.67. This company shares are 8.53% off its target price of $28 and the current market capitalization stands at $985.56M. The recent change has given its price a 3.42% lead over SMA 50 and -41.04% deficit over its 52-week high. The stock witnessed 7.19% gains, -3.8% declines and -32.44% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found VREX’s volatility during a week at 5.42% and during a month it has been found around 4.97%.

Varex Imaging Corporation (VREX) Top Holders

Institutional investors currently hold around $931 million or 0% in VREX stock. Look at its top three institutional owners. Blackrock Inc. owns $144.44 million in Varex Imaging Corporation, which represents roughly 14.66% of the company’s market cap and approximately 15.51% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 3,812,851 shares of the stock are valued at $95.36 million. The third largest holder is Qv Investors Inc., which currently holds $47.39 million worth of this stock and that ownership represents nearly 4.81% of its market capitalization.

Varex Imaging Corporation 13F Filings

At the end of September reporting period, 106 institutional holders increased their position in Varex Imaging Corporation (NASDAQ:VREX) by some 5,168,720 shares, 101 decreased positions by 3,463,761 and 73 held positions by 28,601,357. That puts total institutional holdings at 37,233,838 shares, according to SEC filings. The stock grabbed 27 new institutional investments totaling 348,259 shares while 35 institutional investors sold out their entire positions totaling 1,268,774 shares.

Varex Imaging Corporation (NASDAQ:VREX) Insider Trades

Multiple company employees have indulged in significant insider trading. Varex Imaging Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP & CFO Verhoef Clarence R has acquired 3,300 shares of Varex Imaging Corporation (VREX) in trading session dated Aug. 17, 2018. These shares are worth $97,614 and were traded at $29.58 each. The SEC filing shows that Sanyal Sunny performed a purchase of 7,000 shares. The President and CEO added these shares by way of transaction on Aug. 10, 2018. The company’s shares were assimilated at $28.18 per share worth to an investment of some $197,260 on account of Sanyal Sunny.

Director, Rosebrough Walter M Jr, purchased 10,000 common shares of Varex Imaging Corporation (VREX) in the open market. In a transaction dated Aug. 07, 2018, the shares were bought at an average price of $28.39, giving away a sum of $283,900. After this purchase, 14,000 common shares of VREX are directly owned by the insider, with total stake valued at $361,200.

In the transaction dated Jul. 02, 2018, the great number of shares disposed came courtesy the SVP and GM, X-ray Detectors; Giambattista Brian W disposed a total of 570 shares at an average price of $36.66, amounting to approximately $20,896. The insider now directly owns shares worth $.

Varex Imaging Corporation (VREX) Analyst Guide

Several analysts have released their opinion on Varex Imaging Corporation (NASDAQ:VREX), with 1 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation.