Moore Capital Management LP Cuts Stake in Mirion Technologies, Inc. (NYSE:MIR)

Moore Capital Management LP reduced its stake in Mirion Technologies, Inc. (NYSE:MIR) by 90.0% during the fourth quarter, HoldingsChannel reports. The fund owned 59,817 shares of the company’s stock after selling 538,353 shares during the period. Moore Capital Management LP’s holdings in Mirion Technologies were worth $1,044,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its stake in shares of Mirion Technologies by 1,532.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 520,692 shares of the company’s stock worth $8,810,000 after acquiring an additional 488,790 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Mirion Technologies by 291.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 88,830 shares of the company’s stock worth $1,550,000 after acquiring an additional 66,132 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in shares of Mirion Technologies in the fourth quarter worth $38,155,000. Barclays PLC boosted its position in shares of 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 buying an additional 235,288 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Mirion Technologies during the fourth quarter valued at $394,000. 78.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on MIR shares. B. Riley dropped their price objective on Mirion Technologies from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Citigroup dropped their price objective on Mirion Technologies from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Robert W. Baird dropped their price objective on Mirion Technologies from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $18.75.

Mirion Technologies Trading Up 3.5%

Shares of NYSE:MIR opened at $17.55 on Wednesday. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of -92.37 and a beta of 0.74. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. The stock’s 50-day simple moving average is $14.65 and its two-hundred day simple moving average is $15.77. Mirion Technologies, Inc. has a 52-week low of $9.11 and a 52-week high of $18.81.

Mirion Technologies (NYSE:MIR) last announced its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. The business had revenue of $202.00 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.06 earnings per share. Analysts expect 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.