Pier Capital LLC Purchases Shares of 657,957 Mirion Technologies, Inc. (NYSE:MIR)

Pier Capital LLC acquired a new position in Mirion Technologies, Inc. (NYSE:MIR) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 657,957 shares of the company’s stock, valued at approximately $11,481,000. Mirion Technologies accounts for 1.6% of Pier Capital LLC’s investment portfolio, making the stock its 5th biggest holding. Pier Capital LLC owned 0.28% of Mirion Technologies at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MIR. Quest Partners LLC increased its holdings in Mirion Technologies by 680.5% in the 3rd 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 in the last quarter. US Bancorp DE boosted its position in shares of Mirion Technologies by 3,248.7% in the fourth quarter. US Bancorp DE now owns 6,262 shares of the company’s stock worth $109,000 after buying an additional 6,075 shares during the period. SkyView Investment Advisors LLC acquired a new stake in shares of Mirion Technologies in the third quarter valued at about $111,000. Harvest Fund Management Co. Ltd acquired a new position in Mirion Technologies during the 4th quarter worth approximately $120,000. Finally, Paloma Partners Management Co purchased a new position in Mirion Technologies in the 3rd quarter worth approximately $122,000. 78.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on MIR. Citigroup boosted their price objective on shares of Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Robert W. Baird assumed coverage on Mirion Technologies in a report on Thursday, December 19th. They issued an “outperform” rating and a $22.00 price target for the company. The Goldman Sachs Group upped their target price on Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Baird R W raised shares of Mirion Technologies to a “strong-buy” rating in a research report on Thursday, December 19th. Three research 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, the stock currently has a consensus rating of “Buy” and an average price target of $19.25.

Mirion Technologies Trading Up 1.2 %

Shares of NYSE MIR opened at $15.41 on Tuesday. The stock has a market capitalization of $3.58 billion, a P/E ratio of -81.08 and a beta of 0.74. The stock’s 50 day moving average price is $15.68 and its two-hundred day moving average price is $15.04. 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, Inc. has a 52-week low of $9.11 and a 52-week high of $18.81.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal 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.