Moore Capital Management LP Sells 538,353 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Moore Capital Management LP lessened its stake in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 90.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,817 shares of the company's stock after selling 538,353 shares during the quarter. Moore Capital Management LP's holdings in Mirion Technologies were worth $1,044,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its holdings in shares of Mirion Technologies by 4.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 19,386 shares of the company's stock worth $338,000 after buying an additional 865 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Mirion Technologies by 0.5% in the fourth quarter. Swiss National Bank now owns 376,800 shares of the company's stock worth $6,575,000 after buying an additional 2,000 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Mirion Technologies by 10.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 21,611 shares of the company's stock worth $377,000 after buying an additional 2,031 shares in the last quarter. Xponance Inc. lifted its holdings in shares of Mirion Technologies by 15.9% in the fourth quarter. Xponance Inc. now owns 14,942 shares of the company's stock worth $261,000 after buying an additional 2,048 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Mirion Technologies by 39.2% in the fourth quarter. KBC Group NV now owns 8,002 shares of the company's stock worth $140,000 after buying an additional 2,254 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company's stock.

Mirion Technologies Price Performance

Mirion Technologies stock traded up $0.13 during mid-day trading on Friday, reaching $17.24. 1,000,960 shares of the company's stock traded hands, compared to its average volume of 1,702,771. The company has a market cap of $4.00 billion, a price-to-earnings ratio of -90.74 and a beta of 0.74. The stock has a 50 day moving average of $14.85 and a two-hundred day moving average of $15.82. 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 12-month low of $9.11 and a 12-month high of $18.81.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.02. Mirion Technologies had a negative net margin of 4.21% and a positive return on equity of 4.78%. The company had revenue of $202.00 million for the quarter, compared to the consensus estimate of $199.34 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. Mirion Technologies's revenue was up 4.9% on a year-over-year basis. Equities analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Citigroup lowered their target price on shares of Mirion Technologies from $20.00 to $17.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Robert W. Baird decreased their price target on shares of Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. Finally, B. Riley decreased their price target on shares of Mirion Technologies from $19.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $18.75.

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.