Arosa Capital Management LP Invests $8.60 Million in Mirion Technologies, Inc. (NYSE:MIR)

Arosa Capital Management LP purchased a new stake in Mirion Technologies, Inc. (NYSE:MIR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 493,000 shares of the company’s stock, valued at approximately $8,603,000. Mirion Technologies makes up about 3.5% of Arosa Capital Management LP’s holdings, making the stock its 7th biggest position. Arosa Capital Management LP owned approximately 0.21% of Mirion Technologies at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in 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 purchasing an additional 488,790 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Mirion Technologies by 291.4% during the 4th 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 during the last quarter. Artemis Investment Management LLP acquired a new position in shares of Mirion Technologies in the 4th quarter valued at $38,155,000. Barclays PLC grew its stake in shares of Mirion Technologies by 325.0% during the third quarter. Barclays PLC now owns 307,680 shares of the company’s stock worth $3,405,000 after purchasing an additional 235,288 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Mirion Technologies in the fourth quarter valued at about $394,000. 78.51% of the stock is currently owned by institutional investors.

Mirion Technologies Stock Up 2.7 %

Shares of MIR stock opened at $15.33 on Friday. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of -80.68 and a beta of 0.75. Mirion Technologies, Inc. has a 12-month low of $9.11 and a 12-month high of $18.81. The firm has a fifty day moving average of $14.53 and a 200-day moving average of $15.60. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts predict that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MIR shares. Citigroup decreased their target price on Mirion Technologies from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Robert W. Baird lowered their target price on shares of Mirion Technologies from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. Finally, B. Riley reduced their price target 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 equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $18.75.

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.