Corsair Capital Management L.P. Increases Stake in Mirion Technologies, Inc. (NYSE:MIR)

Corsair Capital Management L.P. lifted its position in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 83.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,160,850 shares of the company's stock after purchasing an additional 1,441,846 shares during the period. Mirion Technologies accounts for about 8.2% of Corsair Capital Management L.P.'s investment portfolio, making the stock its 2nd biggest position. Corsair Capital Management L.P. owned approximately 1.36% of Mirion Technologies worth $34,991,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Mirion Technologies by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 21,308,031 shares of the company's stock valued at $242,272,000 after acquiring an additional 159,404 shares during the period. Swedbank AB purchased a new stake in shares of Mirion Technologies in the first quarter valued at about $122,546,000. Dimensional Fund Advisors LP increased its stake in shares of Mirion Technologies by 20.3% during the second quarter. Dimensional Fund Advisors LP now owns 6,111,933 shares of the company's stock worth $65,642,000 after acquiring an additional 1,031,966 shares during the period. American Century Companies Inc. grew its position 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 worth $42,343,000 after buying an additional 1,507,101 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Mirion Technologies by 2.5% in 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 in the last quarter. Hedge funds and other institutional investors own 78.51% of the company's stock.

Mirion Technologies Stock Down 1.1 %

MIR traded down $0.19 on Wednesday, reaching $16.28. 1,493,410 shares of the company traded hands, compared to its average volume of 1,370,903. The stock's 50 day moving average price is $13.66 and its 200-day moving average price is $11.63. Mirion Technologies, Inc. has a 52-week low of $8.73 and a 52-week high of $17.03. The company has a market cap of $3.78 billion, a price-to-earnings ratio of -48.00 and a beta of 0.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55.

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

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Mirion Technologies news, insider Emmanuelle Lee sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $10.60, for a total transaction of $53,000.00. Following the sale, the insider now directly owns 138,193 shares in the company, valued at approximately $1,464,845.80. This trade represents a 3.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Thomas D. Logan sold 7,500 shares of the firm's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $14.11, for a total transaction of $105,825.00. Following the completion of the transaction, the chief executive officer now directly owns 1,544,017 shares of the company's stock, valued at $21,786,079.87. This represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,405 shares of company stock worth $285,939 in the last quarter. 2.20% of the stock is owned by corporate insiders.

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.