Exchange Traded Concepts LLC boosted its holdings in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 291.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 88,830 shares of the company's stock after purchasing an additional 66,132 shares during the quarter. Exchange Traded Concepts LLC's holdings in Mirion Technologies were worth $1,550,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in MIR. Quest Partners LLC grew its stake in shares of Mirion Technologies by 680.5% in the 3rd quarter. Quest Partners LLC now owns 6,728 shares of the company's stock worth $74,000 after buying an additional 5,866 shares during the last quarter. SkyView Investment Advisors LLC bought a new stake in Mirion Technologies during the 3rd quarter valued at about $111,000. Integrated Advisors Network LLC purchased a new stake in shares of Mirion Technologies during the third quarter valued at approximately $120,000. Paloma Partners Management Co purchased a new position in Mirion Technologies in the 3rd quarter worth approximately $122,000. Finally, Landscape Capital Management L.L.C. bought a new position in Mirion Technologies in the 3rd quarter valued at approximately $147,000. Institutional investors own 78.51% of the company's stock.
Insider Activity
In other news, insider Emmanuelle Lee sold 3,405 shares of the firm's stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $14.27, for a total transaction of $48,589.35. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.20% of the company's stock.
Mirion Technologies Stock Performance
MIR traded up $0.12 during trading on Tuesday, hitting $14.76. The company's stock had a trading volume of 3,602,622 shares, compared to its average volume of 2,186,960. The business's 50 day simple moving average is $17.10 and its 200-day simple moving average is $13.71. The firm has a market cap of $3.43 billion, a PE ratio of -43.42 and a beta of 0.75. Mirion Technologies, Inc. has a one year low of $9.11 and a one year high of $18.81. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43.
Mirion Technologies (NYSE:MIR - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate 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%. Mirion Technologies's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 earnings per share. As a group, sell-side analysts predict that Mirion Technologies, Inc. will post 0.33 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on MIR. Baird R W raised Mirion Technologies to a "strong-buy" rating in a report on Thursday, December 19th. The Goldman Sachs Group lifted their price target on shares of Mirion Technologies from $16.00 to $21.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Citigroup increased their price objective on shares of Mirion Technologies from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Finally, Robert W. Baird assumed coverage on shares of Mirion Technologies in a research note on Thursday, December 19th. They set an "outperform" rating and a $22.00 target price for the company. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $19.25.
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About Mirion Technologies
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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.
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