Varex Imaging $VREX Shares Purchased by Jump Financial LLC

Key Points

• Jump Financial LLC increased its holdings in Varex Imaging by 144.7% in the first quarter, owning 53,848 shares worth approximately $625,000.
• Analyst ratings show a positive outlook for Varex Imaging, with B. Riley maintaining a "buy" rating and raising the price target to $16.00, while MarketBeat indicates a consensus target price of $19.50.
• For the most recent quarter, Varex Imaging reported $0.18 EPS, significantly exceeding the consensus estimate, along with revenues of $203 million, surpassing expectations as well.

Jump Financial LLC lifted its position in shares of Varex Imaging (NASDAQ:VREX - Free Report) by 144.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,848 shares of the company's stock after buying an additional 31,844 shares during the quarter. Jump Financial LLC owned approximately 0.13% of Varex Imaging worth $625,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VREX. Barclays PLC grew its holdings in shares of Varex Imaging by 1.1% during the fourth quarter. Barclays PLC now owns 98,964 shares of the company's stock worth $1,444,000 after buying an additional 1,081 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Varex Imaging during the fourth quarter worth about $224,000. MetLife Investment Management LLC grew its holdings in shares of Varex Imaging by 8.5% during the fourth quarter. MetLife Investment Management LLC now owns 24,026 shares of the company's stock worth $351,000 after buying an additional 1,890 shares in the last quarter. Stifel Financial Corp purchased a new stake in shares of Varex Imaging during the fourth quarter worth about $457,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Varex Imaging by 22.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,411 shares of the company's stock worth $225,000 after buying an additional 2,807 shares in the last quarter.

Analyst Ratings Changes

VREX has been the subject of a number of recent research reports. Wall Street Zen downgraded 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 price objective (up previously from $12.00) on shares of Varex Imaging in a research note on Friday, August 8th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Varex Imaging currently has an average rating of "Buy" and an average target price of $19.50.

Varex Imaging Trading Down 0.6%

Shares of NASDAQ VREX traded down $0.07 on Friday, reaching $11.59. 62,515 shares of the company traded hands, compared to its average volume of 468,187. Varex Imaging has a fifty-two week low of $6.76 and a fifty-two week high of $16.93. The company has a 50 day moving average of $9.18 and a 200 day moving average of $9.42. The company has a current ratio of 3.51, a quick ratio of 1.82 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $480.99 million, a PE ratio of -3.61 and a beta of 0.87.

Varex Imaging (NASDAQ:VREX - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates 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 company 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. On average, equities research analysts forecast that Varex Imaging will post 0.53 earnings per share for the current fiscal 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.