Cinctive Capital Management LP Makes New $944,000 Investment in Mirion Technologies, Inc. (NYSE:MIR)

Cinctive Capital Management LP acquired a new stake in Mirion Technologies, Inc. (NYSE:MIR) in the third quarter, HoldingsChannel reports. The institutional investor acquired 85,313 shares of the company’s stock, valued at approximately $944,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MIR. Innealta Capital LLC bought a new stake in Mirion Technologies in the second quarter valued at about $39,000. Quest Partners LLC grew its stake in shares of 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 during the period. Integrated Advisors Network LLC bought a new stake in shares of Mirion Technologies in the 3rd quarter valued at approximately $120,000. Paloma Partners Management Co acquired a new position in shares of Mirion Technologies in the 3rd quarter worth approximately $122,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Mirion Technologies during the 3rd quarter worth approximately $147,000. 78.51% of the stock is owned by institutional investors.

Mirion Technologies Price Performance

Mirion Technologies stock opened at $16.94 on Wednesday. The business’s fifty day moving average is $14.28 and its two-hundred day moving average is $11.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. The firm has a market cap of $3.93 billion, a P/E ratio of -49.82 and a beta of 0.76. Mirion Technologies, Inc. has a 52 week low of $8.89 and a 52 week high of $17.09.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The company had revenue of $206.80 million for the quarter, compared to analyst estimates of $203.67 million. During the same quarter last year, the company earned $0.03 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts forecast that Mirion Technologies, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Transactions at Mirion Technologies

In other news, insider Emmanuelle Lee sold 3,405 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $14.27, for a total transaction of $48,589.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $10.47, for a total value of $78,525.00. Following the completion of the transaction, the chief executive officer now owns 1,544,017 shares in the company, valued at approximately $16,165,857.99. This represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,405 shares of company stock worth $285,939. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on MIR shares. Citigroup upped their price target on Mirion Technologies from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. The Goldman Sachs Group increased their target price on shares of Mirion Technologies from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, B. Riley started coverage on shares of Mirion Technologies in a research report on Thursday, September 26th. They issued a “buy” rating and a $14.00 price target on the stock.

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.