Cibc World Markets Corp Makes New Investment in Mirion Technologies, Inc. (NYSE:MIR)

Cibc World Markets Corp acquired a new stake in Mirion Technologies, Inc. (NYSE:MIR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 19,332 shares of the company's stock, valued at approximately $337,000.

A number of other hedge funds have also modified their holdings of the stock. Artemis Investment Management LLP bought a new stake in shares of Mirion Technologies during the fourth quarter valued at approximately $38,155,000. Corsair Capital Management L.P. lifted its stake in shares of Mirion Technologies by 83.9% during the third quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company's stock valued at $34,991,000 after acquiring an additional 1,441,846 shares during the period. Raymond James Financial Inc. bought a new position in Mirion Technologies in the fourth quarter valued at about $17,164,000. Allspring Global Investments Holdings LLC increased its position 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 during the period. Finally, ArrowMark Colorado Holdings LLC raised its holdings in Mirion Technologies by 8.7% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,000,060 shares of the company's stock worth $33,211,000 after purchasing an additional 241,334 shares during the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on MIR. Citigroup lifted their target price on shares of Mirion Technologies from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Baird R W upgraded Mirion Technologies to a "strong-buy" rating in a research report on Thursday, December 19th. The Goldman Sachs Group upped their price target on Mirion Technologies from $16.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Finally, Robert W. Baird began coverage on shares of Mirion Technologies in a research note on Thursday, December 19th. They set an "outperform" rating and a $22.00 price objective on the stock. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $19.25.

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Mirion Technologies Trading Down 2.1 %

NYSE:MIR traded down $0.32 on Friday, reaching $14.62. The company's stock had a trading volume of 1,330,432 shares, compared to its average volume of 1,634,684. Mirion Technologies, Inc. has a 1-year low of $9.11 and a 1-year high of $18.81. 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 firm has a market cap of $3.40 billion, a PE ratio of -76.96 and a beta of 0.74. The business's 50-day moving average price is $15.62 and its two-hundred day moving average price is $15.08.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.16 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%. Equities research analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

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.