Globeflex Capital L P Acquires Shares of 79,192 Varex Imaging $VREX

Globeflex Capital L P acquired a new position in shares of Varex Imaging (NASDAQ:VREX) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 79,192 shares of the company’s stock, valued at approximately $826,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rockefeller Capital Management L.P. acquired a new position in shares of Varex Imaging during the fourth quarter worth about $27,000. Quarry LP acquired a new stake in Varex Imaging in the third quarter valued at about $64,000. BNP Paribas Financial Markets lifted its position in Varex Imaging by 18.5% in the second quarter. BNP Paribas Financial Markets now owns 13,045 shares of the company’s stock valued at $113,000 after purchasing an additional 2,036 shares during the period. Aquatic Capital Management LLC purchased a new stake in Varex Imaging in the 3rd quarter valued at approximately $117,000. Finally, Cerity Partners LLC purchased a new stake in Varex Imaging in the 2nd quarter valued at approximately $123,000.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VREX. B. Riley Financial downgraded Varex Imaging from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Oppenheimer downgraded Varex Imaging from an “outperform” rating to a “market perform” rating in a research note on Monday, August 10th. CJS Securities lowered shares of Varex Imaging from an “outperform” rating to a “market perform” rating in a research report on Monday, August 17th. Zacks Research cut shares of Varex Imaging from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Weiss Ratings upgraded shares of Varex Imaging from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Six investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Varex Imaging presently has an average rating of “Reduce” and an average target price of $16.88.

Varex Imaging Stock Performance

Varex Imaging stock opened at $18.52 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.53 and a current ratio of 3.38. The stock has a fifty day moving average of $12.54 and a two-hundred day moving average of $11.86. The company has a market capitalization of $779.69 million, a price-to-earnings ratio of 35.62 and a beta of 0.89. Varex Imaging has a fifty-two week low of $9.09 and a fifty-two week high of $18.63.

Varex Imaging (NASDAQ:VREX) last released its quarterly earnings results on Monday, August 10th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10. The company had revenue of $210.50 million during the quarter, compared to analysts’ expectations of $215.50 million. Varex Imaging had a return on equity of 9.19% and a net margin of 2.55%. On average, analysts anticipate that Varex Imaging will post 0.98 EPS for the current fiscal year.

Varex Imaging Profile

Varex Imaging Corporation is a global provider of X-ray imaging components and solutions for the medical, security and industrial markets. The company designs, develops and manufactures a broad range of products that convert X-ray energy into high-resolution digital images. Its portfolio includes X-ray tubes, flat panel detectors, digital sensors, specialty radiographic tubes and related software, all engineered to meet the demanding requirements of original equipment manufacturers (OEMs) in diagnostic imaging, computed tomography (CT), fluoroscopy, mammography, dental radiography and non-destructive testing applications.

The company’s medical imaging offerings support a wide spectrum of clinical modalities, from portable radiography systems to advanced CT scanners, enhancing image quality and dose efficiency for healthcare providers.