Balyasny Asset Management L.P. Purchases New Holdings in Mirion Technologies, Inc. (NYSE:MIR)

Balyasny Asset Management L.P. bought a new stake in Mirion Technologies, Inc. (NYSE:MIR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 36,502 shares of the company's stock, valued at approximately $637,000.

Other large investors have also modified their holdings of the company. US Bancorp DE increased its holdings in shares of Mirion Technologies by 3,248.7% in the 4th quarter. US Bancorp DE now owns 6,262 shares of the company's stock valued at $109,000 after acquiring an additional 6,075 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Mirion Technologies by 162.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company's stock worth $116,000 after purchasing an additional 4,120 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Mirion Technologies in the 4th quarter worth about $120,000. KBC Group NV boosted its holdings in shares of Mirion Technologies by 39.2% in the 4th quarter. KBC Group NV now owns 8,002 shares of the company's stock valued at $140,000 after buying an additional 2,254 shares during the period. Finally, Corient Private Wealth LLC acquired a new stake in Mirion Technologies during the fourth quarter worth about $187,000. Institutional investors own 78.51% of the company's stock.

Mirion Technologies Stock Performance

Shares of NYSE MIR traded up $0.31 during midday trading on Monday, reaching $17.54. 1,489,309 shares of the company traded hands, compared to its average volume of 1,705,933. The stock has a 50-day moving average price of $14.91 and a 200 day moving average price of $15.85. The company has a market cap of $4.07 billion, a price-to-earnings ratio of -92.32 and a beta of 0.74. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55. 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 earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. Mirion Technologies had a positive return on equity of 4.78% and a negative net margin of 4.21%. The firm had revenue of $202.00 million for the quarter, compared to analysts' expectations of $199.34 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. The firm's quarterly revenue was up 4.9% compared to the same quarter last year. Sell-side analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MIR has been the subject of a number of research reports. B. Riley decreased their target price on Mirion Technologies from $19.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Robert W. Baird dropped their target price on Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Finally, Citigroup reduced their price target on shares of Mirion Technologies from $20.00 to $17.00 and set a "buy" rating for the company in a report on Monday, April 14th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Mirion Technologies has a consensus rating of "Buy" and a consensus target price of $18.75.

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.