Telemark Asset Management LLC Increases Stock Position in Mirion Technologies, Inc. (NYSE:MIR)

Telemark Asset Management LLC increased its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 25.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 500,000 shares of the company’s stock after buying an additional 100,000 shares during the period. Telemark Asset Management LLC owned 0.22% of Mirion Technologies worth $8,725,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Swiss National Bank lifted its holdings in Mirion Technologies by 0.5% during the fourth quarter. Swiss National Bank now owns 376,800 shares of the company’s stock valued at $6,575,000 after purchasing an additional 2,000 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Mirion Technologies during the fourth quarter valued at $17,164,000. Charles Schwab Investment Management Inc. lifted its holdings in Mirion Technologies by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,599,211 shares of the company’s stock valued at $27,906,000 after purchasing an additional 39,635 shares in the last quarter. US Bancorp DE lifted its holdings in Mirion Technologies by 3,248.7% during the fourth quarter. US Bancorp DE now owns 6,262 shares of the company’s stock valued at $109,000 after purchasing an additional 6,075 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Mirion Technologies by 2.0% during the fourth quarter. Bank of New York Mellon Corp now owns 661,429 shares of the company’s stock valued at $11,542,000 after purchasing an additional 13,248 shares in the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MIR has been the topic of several recent analyst reports. Baird R W raised shares of Mirion Technologies to a “strong-buy” rating in a report on Thursday, December 19th. Robert W. Baird initiated coverage on shares of Mirion Technologies in a report on Thursday, December 19th. They set an “outperform” rating and a $22.00 price objective on the stock. 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 report on Wednesday, December 4th. Finally, The Goldman Sachs Group raised 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. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $19.25.

Mirion Technologies Price Performance

Mirion Technologies stock opened at $14.36 on Thursday. Mirion Technologies, Inc. has a 12-month low of $9.11 and a 12-month high of $18.81. The stock has a market cap of $3.34 billion, a P/E ratio of -75.60 and a beta of 0.74. The company has a 50-day moving average price of $15.97 and a 200 day moving average price of $14.77. 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) last released its quarterly earnings data 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%. Sell-side analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current 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.