FIL Ltd Cuts Stake in Mirion Technologies, Inc. (NYSE:MIR)

FIL Ltd lowered its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR) by 19.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,010,893 shares of the company’s stock after selling 500,000 shares during the period. FIL Ltd’s holdings in Mirion Technologies were worth $35,090,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership grew its stake in shares of Mirion Technologies by 29,948.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,214,921 shares of the company’s stock valued at $73,550,000 after buying an additional 4,200,894 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in Mirion Technologies during the 4th quarter valued at about $53,066,000. Artemis Investment Management LLP bought a new position in Mirion Technologies during the 4th quarter worth approximately $38,155,000. Bornite Capital Management LP purchased a new position in Mirion Technologies in the 4th quarter worth approximately $36,942,000. Finally, Raymond James Financial Inc. bought a new stake in Mirion Technologies in the fourth quarter valued at approximately $17,164,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Price Performance

MIR opened at $13.60 on Friday. 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 stock has a market capitalization of $3.16 billion, a PE ratio of -71.60 and a beta of 0.75. The stock’s 50 day moving average price is $15.01 and its 200-day moving average price is $15.40. Mirion Technologies, Inc. has a 52-week low of $9.11 and a 52-week high of $18.81.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 predict that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on MIR shares. Robert W. Baird cut their target price on shares of Mirion Technologies from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. Baird R W raised shares of Mirion Technologies to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group boosted their price objective on shares of Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $18.75.

About Mirion Technologies

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.