338,964 Shares in Varex Imaging $VREX Purchased by JB Capital Partners LP

JB Capital Partners LP acquired a new position in shares of Varex Imaging (NASDAQ:VREX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 338,964 shares of the company’s stock, valued at approximately $3,535,395. Varex Imaging accounts for about 0.0% of JB Capital Partners LP’s holdings, making the stock its 24th biggest position. JB Capital Partners LP owned about 0.81% of Varex Imaging as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in Varex Imaging by 2.2% in the fourth quarter. Franklin Resources Inc. now owns 57,720 shares of the company’s stock worth $672,000 after purchasing an additional 1,261 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Varex Imaging by 4.4% during the first quarter. SG Americas Securities LLC now owns 30,202 shares of the company’s stock worth $320,000 after buying an additional 1,272 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Varex Imaging by 10.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,302 shares of the company’s stock valued at $133,000 after acquiring an additional 1,442 shares during the period. Deutsche Bank AG boosted its stake in Varex Imaging by 5.7% in the fourth quarter. Deutsche Bank AG now owns 27,459 shares of the company’s stock valued at $320,000 after acquiring an additional 1,477 shares in the last quarter. Finally, Comerica Bank grew its holdings in Varex Imaging by 9.3% during the third quarter. Comerica Bank now owns 20,363 shares of the company’s stock worth $253,000 after acquiring an additional 1,726 shares during the period.

Varex Imaging Trading Up 0.1%

Shares of Varex Imaging stock traded up $0.01 during trading hours on Friday, reaching $18.50. 320,121 shares of the company’s stock were exchanged, compared to its average volume of 509,172. The company has a fifty day moving average of $13.03 and a 200-day moving average of $11.96. The firm 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 current ratio of 3.38, a quick ratio of 1.53 and a debt-to-equity ratio of 0.64. Varex Imaging has a 52-week low of $9.09 and a 52-week high of $18.63.

Varex Imaging (NASDAQ:VREX) last announced its earnings results on Monday, August 10th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.10. The business 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%. Sell-side analysts forecast that Varex Imaging will post 0.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VREX. Wall Street Zen upgraded shares of Varex Imaging from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Sidoti reissued a “neutral” rating and issued a $19.00 price objective on shares of Varex Imaging in a research report on Monday, August 10th. Oppenheimer lowered shares of Varex Imaging from an “outperform” rating to a “market perform” rating in a report on Monday, August 10th. B. Riley Financial lowered Varex Imaging from a “buy” rating to a “hold” rating in a report on Monday, August 10th. Finally, Weiss Ratings raised shares of Varex Imaging from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Seven analysts have rated the stock with a Hold rating, According to MarketBeat.com, Varex Imaging has an average rating of “Hold” and an average target price of $16.88.

About Varex Imaging

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.