31,206 Shares in Varex Imaging $VREX Bought by Ieq Capital LLC

Ieq Capital LLC acquired a new stake in Varex Imaging (NASDAQ:VREX) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 31,206 shares of the company’s stock, valued at approximately $325,000.

Several other large investors have also recently made changes to their positions in VREX. Rockefeller Capital Management L.P. purchased a new stake in shares of Varex Imaging during the 4th quarter valued at $27,000. Quarry LP purchased a new position in shares of Varex Imaging in the 3rd quarter worth about $64,000. BNP Paribas Financial Markets grew its position in Varex Imaging by 18.5% during the second quarter. BNP Paribas Financial Markets now owns 13,045 shares of the company’s stock valued at $113,000 after buying an additional 2,036 shares during the period. Aquatic Capital Management LLC bought a new position in Varex Imaging during the third quarter valued at about $117,000. Finally, Cerity Partners LLC purchased a new stake in Varex Imaging during the second quarter worth about $123,000.

Wall Street Analyst Weigh In

Several brokerages have commented on VREX. B. Riley Financial lowered 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 report on Wednesday. Zacks Research lowered shares of Varex Imaging from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. CJS Securities cut shares of Varex Imaging from an “outperform” rating to a “market perform” rating in a report on Monday, August 17th. Finally, Oppenheimer downgraded Varex Imaging from an “outperform” rating to a “market perform” rating in a research note on Monday, August 10th. Seven research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $16.88.

Varex Imaging Stock Performance

Shares of VREX opened at $18.50 on Friday. The stock’s 50-day simple moving average is $13.19 and its 200 day simple moving average is $12.00. The stock has a market capitalization of $778.85 million, a price-to-earnings ratio of 35.58 and a beta of 0.89. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.53 and a current ratio of 3.38. Varex Imaging has a 52-week low of $9.09 and a 52-week high of $18.63.

Varex Imaging (NASDAQ:VREX) last issued its earnings results on Monday, August 10th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.21 by $0.10. The business had revenue of $210.50 million during the quarter, compared to the consensus estimate of $215.50 million. Varex Imaging had a return on equity of 9.19% and a net margin of 2.55%. Research analysts forecast that Varex Imaging will post 0.98 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.