Empowered Funds LLC Takes $1.04 Million Position in Varex Imaging $VREX

Empowered Funds LLC purchased a new position in Varex Imaging (NASDAQ:VREX) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 99,964 shares of the company’s stock, valued at approximately $1,043,000.

Several other large investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in Varex Imaging during the second quarter valued at approximately $567,000. Bank of America Corp DE purchased a new position in shares of Varex Imaging in the 2nd quarter worth approximately $2,992,000. Man Group plc bought a new position in shares of Varex Imaging during the 2nd quarter valued at approximately $661,000. J. Goldman & Co LP purchased a new stake in Varex Imaging during the 2nd quarter valued at $6,215,000. Finally, Hsbc Holdings PLC purchased a new stake in Varex Imaging during the 2nd quarter valued at $229,000.

Varex Imaging Stock Performance

Varex Imaging stock opened at $18.51 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.53 and a current ratio of 3.38. The company has a market capitalization of $779.27 million, a PE ratio of 35.60 and a beta of 0.96. The company has a 50 day moving average price of $14.00 and a 200-day moving average price of $12.17. Varex Imaging has a fifty-two week low of $9.09 and a fifty-two week high of $18.63.

Varex Imaging (NASDAQ:VREX) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.10. The company had revenue of $210.50 million for 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%. As a group, equities analysts forecast that Varex Imaging will post 1.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on VREX shares. Wall Street Zen upgraded shares of Varex Imaging from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. B. Riley Financial lowered Varex Imaging from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. CJS Securities downgraded Varex Imaging from an “outperform” rating to a “market perform” rating in a report on Monday, August 17th. Oppenheimer downgraded Varex Imaging from an “outperform” rating to a “market perform” rating in a report on Monday, August 10th. Finally, Zacks Research downgraded Varex Imaging from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Seven investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.88.

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.