Man Group plc Makes New Investment in Varex Imaging $VREX

Man Group plc acquired a new stake in Varex Imaging (NASDAQ:VREX) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 63,359 shares of the company’s stock, valued at approximately $661,000.

Several other large investors also recently modified their holdings of VREX. Rockefeller Capital Management L.P. bought a new position in shares of Varex Imaging in the fourth quarter worth $27,000. Legal & General Group Plc bought a new stake in Varex Imaging during the second quarter worth about $43,000. Quarry LP acquired a new stake in Varex Imaging during the third quarter worth about $64,000. BNP Paribas Financial Markets grew its stake in Varex Imaging by 18.5% during the second quarter. BNP Paribas Financial Markets now owns 13,045 shares of the company’s stock worth $113,000 after buying an additional 2,036 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new position in Varex Imaging in the 3rd quarter valued at about $117,000.

Analyst Ratings Changes

Several brokerages have recently commented on VREX. B. Riley Financial cut shares of Varex Imaging from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Weiss Ratings raised shares of Varex Imaging from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 26th. Zacks Research downgraded Varex Imaging from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Oppenheimer cut Varex Imaging from an “outperform” rating to a “market perform” rating in a report on Monday, August 10th. Finally, Wall Street Zen upgraded Varex Imaging from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Seven equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Varex Imaging has an average rating of “Hold” and a consensus target price of $16.88.

Varex Imaging Trading Up 0.3%

Shares of VREX stock opened at $18.52 on Friday. Varex Imaging has a twelve month low of $9.09 and a twelve month high of $18.63. The stock’s fifty day simple moving average is $13.83 and its 200 day simple moving average is $12.12. The company has a quick ratio of 1.53, a current ratio of 3.38 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $779.69 million, a P/E ratio of 35.62 and a beta of 0.96.

Varex Imaging (NASDAQ:VREX) last posted its earnings results on Monday, August 10th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.21 by $0.10. Varex Imaging had a return on equity of 9.19% and a net margin of 2.55%.The firm had revenue of $210.50 million during the quarter, compared to the consensus estimate of $215.50 million. As a group, sell-side analysts predict that Varex Imaging will post 1.04 EPS for the current fiscal year.

Varex Imaging Company 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.