Nomura Holdings Inc. Invests $1.71 Million in Mirion Technologies, Inc. (NYSE:MIR)

Nomura Holdings Inc. purchased a new position in Mirion Technologies, Inc. (NYSE:MIR) in the fourth quarter, Holdings Channel reports. The fund purchased 97,824 shares of the company’s stock, valued at approximately $1,707,000.

A number of other hedge funds have also made changes to their positions in the stock. Barclays PLC raised its position in Mirion Technologies by 325.0% during the third quarter. Barclays PLC now owns 307,680 shares of the company’s stock valued at $3,405,000 after acquiring an additional 235,288 shares in the last quarter. Artemis Investment Management LLP bought a new position in Mirion Technologies during the fourth quarter valued at approximately $38,155,000. Simon Quick Advisors LLC raised its position in Mirion Technologies by 49.6% during the fourth quarter. Simon Quick Advisors LLC now owns 24,054 shares of the company’s stock valued at $420,000 after acquiring an additional 7,978 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Mirion Technologies by 291.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 88,830 shares of the company’s stock valued at $1,550,000 after acquiring an additional 66,132 shares in the last quarter. Finally, KBC Group NV raised its position in Mirion Technologies by 39.2% during the fourth quarter. KBC Group NV now owns 8,002 shares of the company’s stock valued at $140,000 after acquiring an additional 2,254 shares in the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MIR. Citigroup cut their price objective on shares of Mirion Technologies from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Robert W. Baird cut their price objective on shares of Mirion Technologies from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Finally, B. Riley cut their price objective on shares of Mirion Technologies from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Four 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, the company currently has a consensus rating of “Buy” and a consensus target price of $18.75.

Mirion Technologies Trading Up 0.8%

NYSE:MIR opened at $17.24 on Friday. Mirion Technologies, Inc. has a 12 month low of $9.11 and a 12 month high of $18.81. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of -90.74 and a beta of 0.74. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $14.91 and its 200-day moving average is $15.85.

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

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.