Pier Capital LLC Takes $11.48 Million Position in Mirion Technologies, Inc. (NYSE:MIR)

Pier Capital LLC acquired a new position in Mirion Technologies, Inc. (NYSE:MIR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 657,957 shares of the company's stock, valued at approximately $11,481,000. Mirion Technologies accounts for approximately 1.6% of Pier Capital LLC's portfolio, making the stock its 5th largest holding. Pier Capital LLC owned approximately 0.28% of Mirion Technologies at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MIR. Quest Partners LLC increased its stake in shares of Mirion Technologies by 680.5% in the third quarter. Quest Partners LLC now owns 6,728 shares of the company's stock valued at $74,000 after purchasing an additional 5,866 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Mirion Technologies in the 3rd quarter valued at approximately $281,000. Intech Investment Management LLC bought a new stake in Mirion Technologies during the 3rd quarter valued at $583,000. Landscape Capital Management L.L.C. acquired a new position in Mirion Technologies during the 3rd quarter worth $147,000. Finally, Charles Schwab Investment Management Inc. grew its stake 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 worth $17,265,000 after purchasing an additional 38,474 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Baird R W upgraded shares of Mirion Technologies to a "strong-buy" rating in a research note on Thursday, December 19th. Robert W. Baird assumed coverage on shares of Mirion Technologies in a research report on Thursday, December 19th. They set an "outperform" rating and a $22.00 price target on the stock. The Goldman Sachs Group increased their price objective on shares of Mirion Technologies from $16.00 to $21.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, Citigroup boosted their target price on Mirion Technologies from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $19.25.

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Mirion Technologies Price Performance

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 1,635,585. The firm's 50 day moving average is $15.58 and its two-hundred day moving average is $15.15. The stock has a market cap of $3.40 billion, a PE ratio of -76.96 and a beta of 0.74. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. Mirion Technologies, Inc. has a twelve month low of $9.11 and a twelve month high of $18.81.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current 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.