Mirion Technologies, Inc. (NYSE:MIR) Stake Lifted by Simon Quick Advisors LLC

Simon Quick Advisors LLC raised its stake in Mirion Technologies, Inc. (NYSE:MIR) by 49.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 24,054 shares of the company’s stock after buying an additional 7,978 shares during the quarter. Simon Quick Advisors LLC’s holdings in Mirion Technologies were worth $420,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Corsair Capital Management L.P. raised its stake in Mirion Technologies by 83.9% during the 3rd quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company’s stock valued at $34,991,000 after acquiring an additional 1,441,846 shares in the last quarter. Millennium Management LLC raised its stake in shares of Mirion Technologies by 509.8% during the second quarter. Millennium Management LLC now owns 533,534 shares of the company’s stock valued at $5,730,000 after purchasing an additional 446,034 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Mirion Technologies by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,559,576 shares of the company’s stock valued at $17,265,000 after purchasing an additional 38,474 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Mirion Technologies by 3.4% in the third quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company’s stock worth $49,851,000 after purchasing an additional 147,408 shares during the period. Finally, Telemark Asset Management LLC bought a new position in Mirion Technologies in the 3rd quarter valued at about $4,428,000. Institutional investors and hedge funds own 78.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on MIR shares. Robert W. Baird initiated coverage on shares of Mirion Technologies in a research report on Thursday, December 19th. They set an “outperform” rating and a $22.00 price target on the stock. Citigroup upped their target price on Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group lifted their price target on Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Baird R W upgraded Mirion Technologies to a “strong-buy” rating in a report on Thursday, December 19th. Finally, B. Riley initiated coverage on Mirion Technologies in a report on Thursday, September 26th. They set a “buy” rating and a $14.00 target price on the stock. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $19.25.

Mirion Technologies Price Performance

NYSE MIR opened at $18.26 on Friday. Mirion Technologies, Inc. has a 1 year low of $9.11 and a 1 year high of $18.81. The business’s fifty day moving average is $17.04 and its two-hundred day moving average is $13.54. The stock has a market capitalization of $4.24 billion, a P/E ratio of -53.71 and a beta of 0.75. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The company had revenue of $206.80 million during the quarter, compared to analyst estimates of $203.67 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. On average, research analysts forecast that Mirion Technologies, Inc. will post 0.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Mirion Technologies news, insider Emmanuelle Lee sold 3,405 shares of Mirion Technologies stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $14.27, for a total transaction of $48,589.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Mirion Technologies Profile

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.