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

Moore Capital Management LP reduced its position in Mirion Technologies, Inc. (NYSE:MIR) by 90.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,817 shares of the company’s stock after selling 538,353 shares during the quarter. Moore Capital Management LP’s holdings in Mirion Technologies were worth $1,044,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE lifted its stake 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 valued at $109,000 after acquiring an additional 6,075 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Mirion Technologies by 162.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company’s stock valued at $116,000 after acquiring an additional 4,120 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Mirion Technologies in the 4th quarter valued at about $120,000. KBC Group NV lifted its stake 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 valued at $140,000 after acquiring an additional 2,254 shares during the last quarter. Finally, Corient Private Wealth LLC bought a new stake in shares of Mirion Technologies in the 4th quarter valued at about $187,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Mirion Technologies Price Performance

Shares of Mirion Technologies stock opened at $17.55 on Wednesday. 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 has a market cap of $4.07 billion, a PE ratio of -92.37 and a beta of 0.74. The business has a 50 day moving average of $14.65 and a 200 day moving average of $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 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $202.00 million during the quarter, compared to the consensus estimate of $199.34 million. Mirion Technologies had a positive return on equity of 4.78% and a negative net margin of 4.21%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 earnings per share. As a group, equities research analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

MIR has been the subject of a number of recent research reports. B. Riley lowered their target price on Mirion Technologies from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Robert W. Baird lowered their target price on 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, Citigroup lowered their price target 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. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $18.75.

About Mirion Technologies

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.