Cubist Systematic Strategies LLC Acquires 193,941 Shares of Varex Imaging $VREX

Key Points

• Cubist Systematic Strategies LLC significantly increased its stake in VAREX IMAGING by 237.1%, owning 275,749 shares valued at approximately $3.20 million.
• VAREX IMAGING reported earnings of $0.18 per share for the latest quarter, beating estimates, along with a revenue of $203 million.
• Several research firms have rated VAREX IMAGING as a "buy," with a consensus price target set at $19.50.

Cubist Systematic Strategies LLC lifted its stake in Varex Imaging (NASDAQ:VREX - Free Report) by 237.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 275,749 shares of the company's stock after acquiring an additional 193,941 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.67% of Varex Imaging worth $3,199,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. increased its position in shares of Varex Imaging by 6.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 113,573 shares of the company's stock worth $1,317,000 after purchasing an additional 6,953 shares during the last quarter. SG Americas Securities LLC bought a new stake in Varex Imaging during the first quarter worth $1,092,000. GAMMA Investing LLC lifted its stake in Varex Imaging by 960.3% in the first quarter. GAMMA Investing LLC now owns 16,170 shares of the company's stock valued at $188,000 after acquiring an additional 14,645 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Varex Imaging in the fourth quarter valued at $190,000. Finally, American Century Companies Inc. raised its holdings in shares of Varex Imaging by 231.4% in the 1st quarter. American Century Companies Inc. now owns 220,061 shares of the company's stock valued at $2,553,000 after purchasing an additional 153,659 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on VREX shares. B. Riley reiterated a "buy" rating and set a $16.00 price target (up previously from $12.00) on shares of Varex Imaging in a report on Friday, August 8th. Wall Street Zen cut Varex Imaging from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $19.50.

Varex Imaging Stock Performance

Shares of VREX stock traded up $0.54 during midday trading on Thursday, hitting $11.50. 367,444 shares of the company were exchanged, compared to its average volume of 368,631. Varex Imaging has a 52 week low of $6.76 and a 52 week high of $16.93. The firm has a market capitalization of $477.25 million, a P/E ratio of -3.58 and a beta of 0.87. The firm's 50 day moving average price is $9.46 and its two-hundred day moving average price is $9.37. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.82 and a current ratio of 3.51.

Varex Imaging (NASDAQ:VREX - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.14. Varex Imaging had a negative net margin of 16.13% and a positive return on equity of 5.54%. The firm had revenue of $203.00 million during the quarter, compared to the consensus estimate of $190.32 million. Varex Imaging has set its Q4 2025 guidance at 0.100-0.300 EPS. As a group, equities research analysts anticipate that Varex Imaging will post 0.53 earnings per share for the current year.

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.