Algert Global LLC Buys 89,811 Shares of VAREX IMAGING $VREX

Algert Global LLC grew its stake in VAREX IMAGING (NASDAQ:VREX) by 52.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 259,609 shares of the company’s stock after acquiring an additional 89,811 shares during the quarter. Algert Global LLC owned 0.63% of VAREX IMAGING worth $3,011,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VREX. Assenagon Asset Management S.A. increased its stake in 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 in the last quarter. SG Americas Securities LLC bought a new stake in VAREX IMAGING during the 1st quarter worth approximately $1,092,000. GAMMA Investing LLC increased its stake 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 purchasing an additional 14,645 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in VAREX IMAGING during the 4th quarter worth approximately $190,000. Finally, Deutsche Bank AG increased its stake in VAREX IMAGING by 84.5% during the 4th quarter. Deutsche Bank AG now owns 31,463 shares of the company’s stock worth $459,000 after purchasing an additional 14,407 shares in the last quarter.

VAREX IMAGING Trading Down 0.4%

NASDAQ:VREX opened at $11.23 on Thursday. VAREX IMAGING has a twelve month low of $6.76 and a twelve month high of $16.93. The company has a quick ratio of 1.82, a current ratio of 3.51 and a debt-to-equity ratio of 0.78. The business has a 50 day moving average price of $8.42 and a two-hundred day moving average price of $9.59. The company has a market cap of $466.05 million, a P/E ratio of -3.50 and a beta of 0.68.

VAREX IMAGING (NASDAQ:VREX) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.14. VAREX IMAGING had a positive return on equity of 5.54% and a negative net margin of 16.13%.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, analysts expect that VAREX IMAGING will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on VREX shares. B. Riley reissued a “buy” rating and set a $16.00 target price (up from $12.00) on shares of VAREX IMAGING in a research note on Friday, August 8th. Wall Street Zen cut VAREX IMAGING from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $19.50.

VAREX IMAGING Profile

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.