Concentric Capital Strategies LP Buys New Stake in Mirion Technologies, Inc. (NYSE:MIR)

Concentric Capital Strategies LP purchased a new position in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 111,517 shares of the company's stock, valued at approximately $1,234,000.

Several other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Mirion Technologies by 20.3% in the second quarter. Dimensional Fund Advisors LP now owns 6,111,933 shares of the company's stock worth $65,642,000 after purchasing an additional 1,031,966 shares in the last quarter. American Century Companies Inc. grew its stake in Mirion Technologies by 61.9% during the second quarter. American Century Companies Inc. now owns 3,942,571 shares of the company's stock valued at $42,343,000 after acquiring an additional 1,507,101 shares in the last quarter. Corsair Capital Management L.P. grew its stake in 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 in the last quarter. ArrowMark Colorado Holdings LLC grew its stake in Mirion Technologies by 8.7% during the third quarter. ArrowMark Colorado Holdings LLC now owns 3,000,060 shares of the company's stock valued at $33,211,000 after acquiring an additional 241,334 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Mirion Technologies by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,559,576 shares of the company's stock valued at $17,265,000 after purchasing an additional 38,474 shares during the last quarter. Institutional investors own 78.51% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of Mirion Technologies from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Citigroup boosted their price objective on shares of Mirion Technologies from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, B. Riley began coverage on shares of Mirion Technologies in a report on Thursday, September 26th. They issued a "buy" rating and a $14.00 price objective for the company.

Insider Buying and Selling at Mirion Technologies

In other Mirion Technologies news, insider Emmanuelle Lee sold 3,405 shares of the company's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $14.27, for a total transaction of $48,589.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $10.47, for a total transaction of $78,525.00. Following the completion of the transaction, the chief executive officer now owns 1,544,017 shares in the company, valued at $16,165,857.99. This trade represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,405 shares of company stock valued at $285,939. 2.20% of the stock is currently owned by company insiders.

Mirion Technologies Trading Up 2.9 %

NYSE:MIR traded up $0.47 during midday trading on Tuesday, reaching $16.92. 790,980 shares of the stock traded hands, compared to its average volume of 1,372,894. The company has a fifty day moving average of $14.15 and a 200 day moving average of $11.80. Mirion Technologies, Inc. has a 12 month low of $8.89 and a 12 month high of $17.09. 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 stock has a market capitalization of $3.93 billion, a P/E ratio of -48.38 and a beta of 0.76.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.02). The company had revenue of $206.80 million for the quarter, compared to analysts' expectations of $203.67 million. Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 earnings per share. On average, research analysts predict that Mirion Technologies, Inc. will post 0.36 EPS for the current 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.