Varex Imaging $VREX Stock Holdings Boosted by Sei Investments Co.

Sei Investments Co. increased its position in Varex Imaging (NASDAQ:VREX) by 72.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 411,655 shares of the company’s stock after acquiring an additional 173,041 shares during the period. Sei Investments Co.’s holdings in Varex Imaging were worth $4,368,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. bought a new position in Varex Imaging in the 4th quarter worth about $27,000. Quarry LP bought a new stake in shares of Varex Imaging during the third quarter valued at approximately $64,000. Aquatic Capital Management LLC acquired a new position in shares of Varex Imaging during the third quarter worth approximately $117,000. M&T Bank Corp acquired a new position in shares of Varex Imaging during the fourth quarter worth approximately $128,000. Finally, Inceptionr LLC bought a new position in Varex Imaging in the 3rd quarter worth approximately $152,000.

Varex Imaging Stock Up 0.2%

VREX opened at $12.39 on Thursday. Varex Imaging has a one year low of $6.94 and a one year high of $14.56. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.43 and a current ratio of 3.20. The stock’s fifty day moving average is $10.69 and its 200-day moving average is $11.53. The company has a market capitalization of $521.62 million, a PE ratio of -6.20 and a beta of 0.89.

Varex Imaging (NASDAQ:VREX) last announced its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $216.00 million for the quarter, compared to the consensus estimate of $216.92 million. Varex Imaging had a negative net margin of 9.64% and a positive return on equity of 8.19%. On average, equities analysts predict that Varex Imaging will post 0.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Zacks Research cut Varex Imaging from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Varex Imaging in a research note on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of Varex Imaging from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $16.17.

Varex Imaging 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.