Swedbank AB Sells 4,158,500 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Swedbank AB cut its position in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 40.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,060,500 shares of the company's stock after selling 4,158,500 shares during the quarter. Swedbank AB owned about 2.61% of Mirion Technologies worth $105,756,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Artemis Investment Management LLP purchased a new stake in shares of Mirion Technologies during the fourth quarter valued at approximately $38,155,000. Corsair Capital Management L.P. grew its holdings in Mirion Technologies by 83.9% during the 3rd quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company's stock worth $34,991,000 after acquiring an additional 1,441,846 shares in the last quarter. Millennium Management LLC increased its holdings in Mirion Technologies by 509.8% in the second quarter. Millennium Management LLC now owns 533,534 shares of the company's stock valued at $5,730,000 after buying an additional 446,034 shares during the last quarter. Telemark Asset Management LLC acquired a new stake in shares of Mirion Technologies during the 3rd quarter valued at approximately $4,428,000. Finally, Jennison Associates LLC boosted its holdings in shares of Mirion Technologies by 548.4% in the 3rd quarter. Jennison Associates LLC now owns 465,553 shares of the company's stock valued at $5,154,000 after buying an additional 393,752 shares during the period. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Citigroup lifted their price objective on shares of Mirion Technologies from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. The Goldman Sachs Group raised their target price on Mirion Technologies from $16.00 to $21.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Baird R W raised Mirion Technologies to a "strong-buy" rating in a research note on Thursday, December 19th. Finally, Robert W. Baird assumed coverage on shares of Mirion Technologies in a research note on Thursday, December 19th. They set an "outperform" rating and a $22.00 price objective on the stock. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $19.25.

Mirion Technologies Stock Up 1.2 %

Shares of MIR traded up $0.19 during mid-day trading on Thursday, hitting $15.76. 816,390 shares of the company's stock were exchanged, compared to its average volume of 2,137,812. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of -46.34 and a beta of 0.75. The firm has a fifty day moving average of $17.09 and a two-hundred day moving average of $13.73. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. Mirion Technologies, Inc. has a twelve month low of $9.11 and a twelve month high of $18.81.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $206.80 million for the quarter, compared to the consensus estimate of $203.67 million. Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. Mirion Technologies's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business earned $0.03 earnings per share. On average, sell-side analysts forecast that Mirion Technologies, Inc. will post 0.33 earnings per share for the current 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.