Arrowstreet Capital Limited Partnership Acquires 4,200,894 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Arrowstreet Capital Limited Partnership raised its stake in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 29,948.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,214,921 shares of the company's stock after purchasing an additional 4,200,894 shares during the period. Arrowstreet Capital Limited Partnership owned 1.81% of Mirion Technologies worth $73,550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE increased its holdings in Mirion Technologies by 3,248.7% in the 4th quarter. US Bancorp DE now owns 6,262 shares of the company's stock worth $109,000 after acquiring an additional 6,075 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Mirion Technologies in the fourth quarter worth approximately $120,000. KBC Group NV increased its stake in shares of Mirion Technologies by 39.2% in the fourth quarter. KBC Group NV now owns 8,002 shares of the company's stock worth $140,000 after purchasing an additional 2,254 shares in the last quarter. SkyView Investment Advisors LLC bought a new stake in shares of Mirion Technologies during the 3rd quarter valued at $111,000. Finally, Corient Private Wealth LLC purchased a new position in shares of Mirion Technologies during the 4th quarter valued at $187,000. Hedge funds and other institutional investors own 78.51% of the company's stock.

Analyst Upgrades and Downgrades

MIR has been the topic of a number of recent analyst reports. Baird R W raised Mirion Technologies to a "strong-buy" rating in a report on Thursday, December 19th. The Goldman Sachs Group lifted their target price on Mirion Technologies from $16.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Finally, Robert W. Baird lowered their price target on Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Mirion Technologies has an average rating of "Buy" and a consensus price target of $18.75.

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Mirion Technologies Price Performance

Shares of MIR traded down $0.94 during midday trading on Friday, hitting $12.71. 1,887,813 shares of the company traded hands, compared to its average volume of 1,644,631. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of -66.87 and a beta of 0.75. The firm has a 50 day moving average of $15.23 and a 200-day moving average of $15.30. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. Mirion Technologies, Inc. has a 52 week low of $9.11 and a 52 week high of $18.81.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Mirion Technologies had a positive return on equity of 4.78% and a negative net margin of 4.21%. On average, analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Mirion Technologies 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.