Y Intercept Hong Kong Ltd Buys New Stake in Mirion Technologies, Inc. (NYSE:MIR)

Y Intercept Hong Kong Ltd purchased a new position in shares of Mirion Technologies, Inc. (NYSE:MIR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,551 shares of the company’s stock, valued at approximately $394,000.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Mirion Technologies by 2.7% during the third quarter. State Street Corp now owns 5,365,728 shares of the company’s stock worth $59,399,000 after acquiring an additional 138,648 shares during the period. Geode Capital Management LLC grew its stake in Mirion Technologies by 3.4% during the 3rd 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 in the last quarter. Corsair Capital Management L.P. increased its holdings 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 worth $34,991,000 after purchasing an additional 1,441,846 shares during the period. ArrowMark Colorado Holdings LLC raised its position in Mirion Technologies by 8.7% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,000,060 shares of the company’s stock valued at $33,211,000 after purchasing an additional 241,334 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new position in shares of Mirion Technologies in the 4th quarter valued at about $38,155,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Mirion Technologies Stock Down 3.5 %

Shares of NYSE:MIR opened at $14.99 on Tuesday. Mirion Technologies, Inc. has a 1-year low of $9.11 and a 1-year high of $18.81. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55. The stock has a market cap of $3.48 billion, a P/E ratio of -78.89 and a beta of 0.73. The firm has a fifty day moving average price of $16.44 and a 200 day moving average price of $14.62.

Mirion Technologies (NYSE:MIR) last announced its earnings results on Tuesday, February 11th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Mirion Technologies had a negative net margin of 4.21% and a positive return on equity of 4.78%. Sell-side analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MIR shares. Robert W. Baird began coverage on shares of Mirion Technologies in a research note on Thursday, December 19th. They set an “outperform” rating and a $22.00 target price on the stock. Citigroup raised their price objective on shares of Mirion Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. The Goldman Sachs Group boosted their target price on shares of Mirion Technologies from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Baird R W upgraded Mirion Technologies to a “strong-buy” rating in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $19.25.

Mirion Technologies Company 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.