JB Capital Partners LP Boosts Holdings in Varex Imaging $VREX

JB Capital Partners LP lifted its holdings in Varex Imaging (NASDAQ:VREX) by 168.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 295,000 shares of the company’s stock after acquiring an additional 185,000 shares during the quarter. JB Capital Partners LP owned 0.71% of Varex Imaging worth $2,558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in VREX. Amundi raised its position in Varex Imaging by 784.1% in the 2nd quarter. Amundi now owns 21,900 shares of the company’s stock worth $191,000 after purchasing an additional 19,423 shares during the period. Quantbot Technologies LP grew its stake in shares of Varex Imaging by 25.1% during the second quarter. Quantbot Technologies LP now owns 47,292 shares of the company’s stock valued at $410,000 after buying an additional 9,476 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of Varex Imaging by 22.8% during the second quarter. Neuberger Berman Group LLC now owns 1,497,175 shares of the company’s stock valued at $12,974,000 after buying an additional 277,870 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Varex Imaging by 19.7% in the 2nd quarter. Hsbc Holdings PLC now owns 47,525 shares of the company’s stock valued at $408,000 after acquiring an additional 7,825 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Varex Imaging during the 2nd quarter valued at about $340,000.

Varex Imaging Stock Up 0.7%

Shares of Varex Imaging stock opened at $11.54 on Friday. The company has a current ratio of 3.43, a quick ratio of 1.83 and a debt-to-equity ratio of 0.75. Varex Imaging has a 12-month low of $6.76 and a 12-month high of $16.38. The company has a market cap of $481.22 million, a P/E ratio of -6.79 and a beta of 0.86. The company’s fifty day simple moving average is $11.68 and its two-hundred day simple moving average is $10.08.

Varex Imaging (NASDAQ:VREX) last posted its earnings results on Tuesday, November 18th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.18 by $0.19. Varex Imaging had a negative net margin of 8.32% and a positive return on equity of 7.19%. The firm had revenue of $228.90 million during the quarter, compared to analysts’ expectations of $219.26 million. Varex Imaging has set its Q1 2026 guidance at 0.050-0.250 EPS. Research analysts anticipate that Varex Imaging will post 0.53 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on VREX. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Varex Imaging in a research note on Monday. Oppenheimer lowered their price objective on shares of Varex Imaging from $23.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Wall Street Zen upgraded shares of Varex Imaging from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 22nd. Finally, B. Riley reissued a “buy” rating and issued a $16.00 target price on shares of Varex Imaging in a research note on Wednesday, November 19th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $17.00.

About Varex Imaging

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.