Graham Capital Management L.P. Invests $1.88 Million in Mirion Technologies, Inc. (NYSE:MIR)

Graham Capital Management L.P. acquired a new position in Mirion Technologies, Inc. (NYSE:MIR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 107,748 shares of the company’s stock, valued at approximately $1,880,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE increased its stake in shares of Mirion Technologies by 3,248.7% in the 4th quarter. US Bancorp DE now owns 6,262 shares of the company’s stock worth $109,000 after purchasing an additional 6,075 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Mirion Technologies by 162.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company’s stock worth $116,000 after purchasing an additional 4,120 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Mirion Technologies in the 4th quarter worth $120,000. KBC Group NV increased its stake in shares of Mirion Technologies by 39.2% in the 4th quarter. KBC Group NV now owns 8,002 shares of the company’s stock worth $140,000 after purchasing an additional 2,254 shares in the last quarter. Finally, Corient Private Wealth LLC purchased a new stake in shares of Mirion Technologies in the 4th quarter worth $187,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Robert W. Baird cut their price target on Mirion Technologies from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. Citigroup cut their price target on Mirion Technologies from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, B. Riley cut their price target on Mirion Technologies from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Mirion Technologies has a consensus rating of “Buy” and a consensus price target of $18.75.

Mirion Technologies Trading Up 1.7%

Shares of Mirion Technologies stock opened at $16.41 on Monday. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of -86.37 and a beta of 0.74. The business has a 50-day moving average price of $14.61 and a 200-day moving average price of $15.76. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. Mirion Technologies, Inc. has a twelve month low of $9.11 and a twelve month high of $18.81.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $202.00 million during the quarter, compared to analyst estimates of $199.34 million. Mirion Technologies had a positive return on equity of 4.78% and a negative net margin of 4.21%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 earnings per share. Equities research analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

About Mirion Technologies

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.