Occudo Quantitative Strategies LP Makes New Investment in Mirion Technologies, Inc. (NYSE:MIR)

Occudo Quantitative Strategies LP acquired a new position in shares of Mirion Technologies, Inc. (NYSE:MIR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,566 shares of the company’s stock, valued at approximately $394,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MIR. Arrowstreet Capital Limited Partnership grew its holdings in shares of Mirion Technologies by 29,948.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,214,921 shares of the company’s stock valued at $73,550,000 after acquiring an additional 4,200,894 shares in the last quarter. Brown Advisory Inc. bought a new position in shares of Mirion Technologies in the fourth quarter valued at approximately $66,520,000. William Blair Investment Management LLC bought a new position in shares of Mirion Technologies in the fourth quarter valued at approximately $53,066,000. Artemis Investment Management LLP bought a new position in shares of Mirion Technologies in the fourth quarter valued at approximately $38,155,000. Finally, Bornite Capital Management LP bought a new position in shares of Mirion Technologies in the fourth quarter valued at approximately $36,942,000. 78.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

MIR has been the subject of several recent analyst reports. Citigroup reduced their target price on Mirion Technologies from $20.00 to $17.00 and set a “buy” rating for the company in a report on Monday, April 14th. Robert W. Baird reduced their target price on Mirion Technologies from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, April 4th. Finally, B. Riley reduced their price objective on Mirion Technologies from $19.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $18.75.

Mirion Technologies Price Performance

NYSE:MIR opened at $17.11 on Friday. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of -90.05 and a beta of 0.74. Mirion Technologies, Inc. has a 52-week low of $9.11 and a 52-week high of $18.81. The stock has a fifty day moving average of $14.85 and a 200 day moving average of $15.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. The company had revenue of $202.00 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $0.06 earnings per share. On average, research analysts expect that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

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.