Alyeska Investment Group L.P. Lowers Holdings in Mirion Technologies, Inc. (NYSE:MIR)

Alyeska Investment Group L.P. lowered its position in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 51.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,761,315 shares of the company's stock after selling 4,057,311 shares during the quarter. Alyeska Investment Group L.P. owned approximately 1.62% of Mirion Technologies worth $65,635,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Barclays PLC grew its holdings in shares of Mirion Technologies by 325.0% in the third quarter. Barclays PLC now owns 307,680 shares of the company's stock valued at $3,405,000 after purchasing an additional 235,288 shares in the last quarter. Artemis Investment Management LLP purchased a new position in shares of Mirion Technologies during the 4th quarter worth approximately $38,155,000. Simon Quick Advisors LLC boosted its stake in shares of Mirion Technologies by 49.6% during the 4th quarter. Simon Quick Advisors LLC now owns 24,054 shares of the company's stock worth $420,000 after acquiring an additional 7,978 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Mirion Technologies by 291.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 88,830 shares of the company's stock valued at $1,550,000 after purchasing an additional 66,132 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Mirion Technologies by 39.2% during the fourth quarter. KBC Group NV now owns 8,002 shares of the company's stock valued at $140,000 after acquiring an additional 2,254 shares during the last quarter. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Mirion Technologies Stock Performance

MIR stock traded up $0.24 during mid-day trading on Tuesday, hitting $16.19. 1,960,822 shares of the company were exchanged, compared to its average volume of 1,679,567. The company has a current ratio of 2.16, a quick ratio of 1.55 and a debt-to-equity ratio of 0.43. Mirion Technologies, Inc. has a 1-year low of $9.11 and a 1-year high of $18.81. The business has a 50 day simple moving average of $14.52 and a 200-day simple moving average of $15.70. The stock has a market capitalization of $3.76 billion, a PE ratio of -85.21 and a beta of 0.74.

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, beating 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 company had revenue of $202.00 million for the quarter, compared to analyst estimates of $199.34 million. During the same quarter in the prior year, the company earned $0.06 EPS. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share 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.