Discovery Capital Management LLC CT Invests $6.28 Million in Mirion Technologies, Inc. (NYSE:MIR)

Discovery Capital Management LLC CT acquired a new stake in shares of Mirion Technologies, Inc. (NYSE:MIR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 360,000 shares of the company’s stock, valued at approximately $6,282,000. Discovery Capital Management LLC CT owned approximately 0.15% of Mirion Technologies at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Mirion Technologies by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 23,909,802 shares of the company’s stock valued at $417,226,000 after purchasing an additional 227,178 shares during the period. State Street Corp boosted its holdings in Mirion Technologies by 2.7% in the 3rd quarter. State Street Corp now owns 5,365,728 shares of the company’s stock valued at $59,399,000 after purchasing an additional 138,648 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Mirion Technologies by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 4,571,828 shares of the company’s stock valued at $79,796,000 after buying an additional 69,373 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Mirion Technologies by 29,948.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,214,921 shares of the company’s stock worth $73,550,000 after buying an additional 4,200,894 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of Mirion Technologies during the 4th quarter valued at approximately $53,066,000. Institutional investors and hedge funds own 78.51% of the company’s stock.

Mirion Technologies Stock Performance

NYSE MIR opened at $14.51 on Tuesday. The business’s 50-day moving average price is $15.54 and its 200 day moving average price is $15.22. Mirion Technologies, Inc. has a 52-week low of $9.11 and a 52-week high of $18.81. The firm has a market cap of $3.37 billion, a P/E ratio of -76.36 and a beta of 0.74. 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 (NYSE:MIR) last issued its earnings results on Tuesday, February 11th. The company reported $0.16 earnings per share for the quarter, beating 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%. On average, equities research analysts expect that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Baird R W upgraded shares of Mirion Technologies to a “strong-buy” rating in a report on Thursday, December 19th. The Goldman Sachs Group upped their target price 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. Robert W. Baird initiated coverage on Mirion Technologies in a report on Thursday, December 19th. They set an “outperform” rating and a $22.00 price target for the company. Finally, Citigroup upped their target price 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. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $19.25.

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.