Mirion Technologies, Inc. (NYSE:MIR) Shares Sold by FIL Ltd

FIL Ltd cut its position in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 19.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,010,893 shares of the company's stock after selling 500,000 shares during the period. FIL Ltd owned about 0.87% of Mirion Technologies worth $35,090,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of Mirion Technologies by 29,948.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,214,921 shares of the company's stock valued at $73,550,000 after acquiring an additional 4,200,894 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Mirion Technologies in the 4th quarter worth approximately $53,066,000. Artemis Investment Management LLP bought a new position in shares of Mirion Technologies during the fourth quarter valued at approximately $38,155,000. Bornite Capital Management LP purchased a new position in Mirion Technologies during the fourth quarter valued at approximately $36,942,000. Finally, Raymond James Financial Inc. bought a new position in Mirion Technologies in the fourth quarter worth approximately $17,164,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Robert W. Baird cut 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, April 4th. Baird R W raised shares of Mirion Technologies to a "strong-buy" rating in a research report on Thursday, December 19th. Finally, Citigroup cut their price objective on shares of Mirion Technologies from $20.00 to $17.00 and set a "buy" rating on the stock in a research report on Monday. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $18.00.

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Mirion Technologies Stock Performance

Shares of Mirion Technologies stock traded down $0.04 during trading on Wednesday, hitting $13.90. 236,199 shares of the company's stock were exchanged, compared to its average volume of 1,954,985. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of -73.16 and a beta of 0.75. The business has a 50-day simple moving average of $14.87 and a 200-day simple moving average of $15.46. Mirion Technologies, Inc. has a 52-week low of $9.11 and a 52-week high of $18.81. 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 (NYSE:MIR - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.16 earnings per share 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, research analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

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.