Is Mirion Technologies (MIR) a Worthy Investment?
Investment management company Ave Maria recently released its “Ave Maria World Equity Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. At the end of the third quarter, the fund returned -6.61% compared to a -6.82% return for the MSCI All Country World Index. Poor performance of the global market in the nine months of 2022 affected the fund’s performance in the quarter. You can check the top 5 holdings of the fund to know its best picks in 2022.
Ave Maria highlighted stocks like Mirion Technologies, Inc. (NYSE:MIR) in its Q3 2022 investor letter. Headquartered in Atlanta, Georgia, Mirion Technologies, Inc. (NYSE:MIR) is radiation detection, measurement, and monitoring product provider. On January 4, 2023, Mirion Technologies, Inc. (NYSE:MIR) stock closed at $6.84 per share. One-month return of Mirion Technologies, Inc. (NYSE:MIR) was 13.81%, and its shares lost 30.56% of their value over the last 52 weeks. Mirion Technologies, Inc. (NYSE:MIR) has a market capitalization of $1.424 billion.
Ave Maria made the following comment about Mirion Technologies, Inc. (NYSE:MIR) in its Q3 2022 investor letter:
"Mirion Technologies, Inc. (NYSE:MIR) is the global leader in ionizing radiation measurement and detection technologies serving the nuclear, medical, and civil defense industries. The medical division benefits from an aging population that drives demand for radiation hardware, therapies, and materials; while the nuclear division may benefit from a renewed interest in nuclear power. away from cash to electronic payments and from the recovery in travel."
Mirion Technologies, Inc. (NYSE:MIR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 26 hedge fund portfolios held Mirion Technologies, Inc. (NYSE:MIR) at the end of the third quarter, which was 23 in the previous quarter.
We discussed Mirion Technologies, Inc. (NYSE:MIR) in another article and shared Baron Funds' views on the company. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
