Graham Capital Management L.P. Invests $1.06 Million in VAREX IMAGING $VREX

Key Points

• Graham Capital Management L.P. has made a new investment in VAREX IMAGING, acquiring approximately $1.06 million in stock, which amounts to 91,665 shares, representing about 0.22% of the company.
• VAREX IMAGING reported earnings of $0.18 per share for the latest quarter, exceeding expectations, with revenue of $203 million compared to estimates of $190.32 million.
• Analysts have mixed views on the stock, with recent ratings showing a reduction to "buy" from "strong-buy," and a price target raised to $16.00 while the average price target stands at $19.50.

Graham Capital Management L.P. acquired a new position in VAREX IMAGING (NASDAQ:VREX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 91,665 shares of the company's stock, valued at approximately $1,063,000. Graham Capital Management L.P. owned about 0.22% of VAREX IMAGING at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in VAREX IMAGING by 6.5% in 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 acquired a new stake in VAREX IMAGING during the 1st quarter worth $1,092,000. GAMMA Investing LLC grew its holdings in VAREX IMAGING by 960.3% during the 1st quarter. GAMMA Investing LLC now owns 16,170 shares of the company's stock worth $188,000 after acquiring an additional 14,645 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in VAREX IMAGING during the 4th quarter worth $190,000. Finally, American Century Companies Inc. grew its holdings in VAREX IMAGING by 231.4% during the 1st quarter. American Century Companies Inc. now owns 220,061 shares of the company's stock worth $2,553,000 after acquiring an additional 153,659 shares during the period.

VAREX IMAGING Stock Performance

Shares of VAREX IMAGING stock traded down $0.01 during trading on Friday, hitting $11.65. 261,313 shares of the stock were exchanged, compared to its average volume of 516,385. The stock has a market capitalization of $483.48 million, a price-to-earnings ratio of 16.64 and a beta of 0.87. The company has a fifty day moving average price of $9.24 and a 200-day moving average price of $9.38. VAREX IMAGING has a 1-year low of $6.76 and a 1-year high of $16.93. The company has a current ratio of 3.51, a quick ratio of 1.82 and a debt-to-equity ratio of 0.78.

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 for the quarter, beating the consensus estimate of $0.04 by $0.14. The company had revenue of $203.00 million for the quarter, compared to analyst estimates of $190.32 million. VAREX IMAGING had a negative net margin of 16.13% and a positive return on equity of 5.54%. VAREX IMAGING has set its Q4 2025 guidance at 0.100-0.300 EPS. As a group, equities analysts predict that VAREX IMAGING will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VREX has been the subject of a number of analyst reports. Wall Street Zen lowered shares of VAREX IMAGING from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. B. Riley reaffirmed a "buy" rating and set a $16.00 target price (up previously from $12.00) on shares of VAREX IMAGING in a report on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $19.50.

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.