Corsair Capital Management L.P. Trims Holdings in Mirion Technologies, Inc. (NYSE:MIR)
Corsair Capital Management L.P. recently reduced its position in Mirion Technologies, Inc. (NYSE:MIR) by 13.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund now holds 2,334,791 shares of the company’s stock after selling 364,320 shares during the quarter. Mirion Technologies represents approximately 7.7% of Corsair Capital Management L.P.’s holdings, ranking as the 4th largest position. The fund’s stake in Mirion Technologies is valued at $23,932,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Cibc World Markets Corp increased its holdings by 38.7% in the 4th quarter, now owning 1,075,000 shares valued at $11,019,000. Trexquant Investment LP acquired a new position in Mirion Technologies worth $361,000. Dimensional Fund Advisors LP expanded its stake by 40.2%, now holding 3,738,900 shares worth $38,325,000. Charles Schwab Investment Management Inc. and M&T Bank Corp also increased their stakes in Mirion Technologies during the 4th quarter.
Wall Street analysts have weighed in on Mirion Technologies, with TheStreet upgrading the stock from a “d” rating to a “b-” rating on February 14th. Citigroup raised the price target on Mirion Technologies from $13.00 to $14.00 and gave the stock a “buy” rating on April 8th.
Shares of NYSE:MIR traded down $0.23 on Friday, reaching $9.85. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of -24.02, and a beta of 0.80. Mirion Technologies last released its quarterly earnings results on Tuesday, April 30th, reporting $0.05 earnings per share for the quarter.
In insider transactions, CEO Thomas D. Logan sold 7,500 shares of the stock on Tuesday, May 28th. Following the sale, the CEO now owns 1,544,017 shares of the company’s stock, valued at $16,768,024.62. CFO Brian Schopfer also sold 90,910 shares of the company’s stock on Wednesday, March 20th.
Mirion Technologies, Inc. provides radiation detection, measurement, analysis, and monitoring products and services in various countries. The company operates through two segments, Medical and Technologies. For more information on Mirion Technologies and to track insider transactions, visit HoldingsChannel.com.
