Raymond James Financial Inc. Invests $17.16 Million in Mirion Technologies, Inc. (NYSE:MIR)

Raymond James Financial Inc. acquired a new position in Mirion Technologies, Inc. (NYSE:MIR) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 983,610 shares of the company’s stock, valued at approximately $17,164,000. Raymond James Financial Inc. owned approximately 0.42% of Mirion Technologies as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of MIR. Quest Partners LLC grew its holdings in shares of Mirion Technologies by 680.5% in the 3rd quarter. Quest Partners LLC now owns 6,728 shares of the company’s stock worth $74,000 after acquiring an additional 5,866 shares during the last quarter. US Bancorp DE grew its holdings 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 acquiring an additional 6,075 shares during the last quarter. SkyView Investment Advisors LLC acquired a new position in shares of Mirion Technologies in the 3rd quarter worth $111,000. Paloma Partners Management Co acquired a new position in shares of Mirion Technologies in the 3rd quarter worth $122,000. Finally, KBC Group NV grew its holdings 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 acquiring an additional 2,254 shares during the last quarter. Institutional investors own 78.51% of the company’s stock.

Mirion Technologies Price Performance

Shares of NYSE:MIR opened at $14.78 on Tuesday. Mirion Technologies, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $18.81. The business has a 50-day moving average of $15.81 and a two-hundred day moving average of $14.87. The stock has a market capitalization of $3.43 billion, a P/E ratio of -77.76 and a beta of 0.74. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data 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 positive return on equity of 4.78% and a negative net margin of 4.21%. On average, equities research analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MIR shares. Baird R W upgraded Mirion Technologies to a “strong-buy” rating in a report on Thursday, December 19th. 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 report on Thursday, December 12th. Robert W. Baird began coverage on Mirion Technologies in a report on Thursday, December 19th. They set an “outperform” rating and a $22.00 price target on the stock. Finally, Citigroup lifted their price target on Mirion Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $19.25.

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.