Silvercrest Asset Management Group LLC Makes New $16.90 Million Investment in Mirion Technologies, Inc. (NYSE:MIR)

Silvercrest Asset Management Group LLC bought a new stake in Mirion Technologies, Inc. (NYSE:MIR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 968,561 shares of the company's stock, valued at approximately $16,901,000. Silvercrest Asset Management Group LLC owned about 0.42% of Mirion Technologies at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE increased its position in Mirion Technologies by 3,248.7% in the 4th quarter. US Bancorp DE now owns 6,262 shares of the company's stock valued at $109,000 after acquiring an additional 6,075 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Mirion Technologies by 162.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company's stock valued at $116,000 after acquiring an additional 4,120 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Mirion Technologies during the 4th quarter worth approximately $120,000. KBC Group NV boosted its stake in shares of Mirion Technologies by 39.2% in the 4th quarter. KBC Group NV now owns 8,002 shares of the company's stock valued at $140,000 after purchasing an additional 2,254 shares during the last quarter. Finally, Corient Private Wealth LLC bought a new stake in shares of Mirion Technologies in the 4th quarter valued at $187,000. 78.51% of the stock is currently owned by institutional investors.

Mirion Technologies Stock Down 0.7%

Shares of NYSE MIR traded down $0.13 during midday trading on Tuesday, hitting $17.41. 3,894,799 shares of the stock traded hands, compared to its average volume of 1,717,091. 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 one year low of $9.11 and a one year high of $18.81. The business has a 50 day moving average price of $14.98 and a two-hundred day moving average price of $15.87. The company has a market cap of $4.04 billion, a PE ratio of -91.63 and a beta of 0.74.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 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 business had revenue of $202.00 million during the quarter, compared to analyst estimates of $199.34 million. During the same quarter in the previous year, the business posted $0.06 EPS. Mirion Technologies's quarterly revenue was up 4.9% on a year-over-year basis. On average, equities analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. B. Riley dropped their target price on shares of Mirion Technologies from $19.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Robert W. Baird dropped their price objective on 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, Citigroup lowered their target price on Mirion Technologies from $20.00 to $17.00 and set a "buy" rating for the company in a report on Monday, April 14th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Mirion Technologies has a consensus rating of "Buy" and an average price target of $18.75.

Mirion Technologies 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.