Discovery Capital Management LLC CT Invests $6.28 Million in Mirion Technologies, Inc. (NYSE:MIR)

Discovery Capital Management LLC CT bought a new position in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 360,000 shares of the company's stock, valued at approximately $6,282,000. Discovery Capital Management LLC CT owned about 0.15% of Mirion Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of MIR. Charles Schwab Investment Management Inc. grew its holdings in 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 during the period. Geode Capital Management LLC boosted its holdings in shares of Mirion Technologies by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company's stock valued at $49,851,000 after purchasing an additional 147,408 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Mirion Technologies by 1,532.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 520,692 shares of the company's stock valued at $8,810,000 after buying an additional 488,790 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Mirion Technologies during the 3rd quarter valued at $583,000. Finally, Concentric Capital Strategies LP purchased a new position in shares of Mirion Technologies in the 3rd quarter worth $1,234,000. 78.51% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of research firms have issued reports on MIR. The Goldman Sachs Group boosted their price target on Mirion Technologies from $16.00 to $21.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Baird R W upgraded Mirion Technologies to a "strong-buy" rating in a report on Thursday, December 19th. Finally, Robert W. Baird dropped their target price on shares of Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Friday. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $18.75.

Mirion Technologies Stock Down 6.9 %

NYSE:MIR traded down $0.94 during mid-day trading on Friday, hitting $12.71. The company had a trading volume of 1,887,813 shares, compared to its average volume of 1,641,415. The business has a fifty day simple moving average of $15.23 and a 200-day simple moving average of $15.26. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of -66.87 and a beta of 0.75. Mirion Technologies, Inc. has a 1 year low of $9.11 and a 1 year high of $18.81. The company has a current ratio of 2.16, a quick ratio of 1.55 and a debt-to-equity ratio of 0.43.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Mirion Technologies had a positive return on equity of 4.78% and a negative net margin of 4.21%. Equities analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share 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.