Bornite Capital Management LP Makes New $36.94 Million Investment in Mirion Technologies, Inc. (NYSE:MIR)

Bornite Capital Management LP bought a new position in Mirion Technologies, Inc. (NYSE:MIR - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,117,000 shares of the company's stock, valued at approximately $36,942,000. Mirion Technologies makes up 5.0% of Bornite Capital Management LP's investment portfolio, making the stock its 3rd largest position. Bornite Capital Management LP owned 0.91% of Mirion Technologies as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. US Bancorp DE boosted its holdings 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. SkyView Investment Advisors LLC purchased a new stake in shares of Mirion Technologies in the third quarter worth about $111,000. Harvest Fund Management Co. Ltd purchased a new stake in Mirion Technologies in the 4th quarter worth approximately $120,000. Paloma Partners Management Co acquired a new stake in Mirion Technologies during the third quarter valued at $122,000. Finally, KBC Group NV grew its position in shares of Mirion Technologies by 39.2% during 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 period. Hedge funds and other institutional investors own 78.51% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on MIR shares. The Goldman Sachs Group raised their price objective on Mirion Technologies from $16.00 to $21.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Robert W. Baird decreased their price objective on Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Finally, Baird R W raised shares of Mirion Technologies to a "strong-buy" rating in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $18.75.

Remove Ads

Mirion Technologies Trading Down 0.9 %

Shares of NYSE MIR traded down $0.12 during trading on Wednesday, reaching $12.90. The stock had a trading volume of 464,150 shares, compared to its average volume of 1,648,103. The business's 50-day moving average price is $15.11 and its 200-day moving average price is $15.36. Mirion Technologies, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $18.81. The company has a market cap of $3.00 billion, a P/E ratio of -67.76 and a beta of 0.75. 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 - Get Free Report) last issued its 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 negative net margin of 4.21% and a positive return on equity of 4.78%. On average, equities research analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal 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.