Mirion Technologies, Inc. (NYSE:MIR) Shares Sold by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC trimmed its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,368,550 shares of the company's stock after selling 631,510 shares during the quarter. ArrowMark Colorado Holdings LLC owned 1.02% of Mirion Technologies worth $41,331,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

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

Mirion Technologies Stock Performance

Shares of NYSE:MIR traded down $0.28 on Monday, reaching $15.95. 1,909,933 shares of the company's stock were exchanged, compared to its average volume of 1,674,687. Mirion Technologies, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $18.81. The business's 50-day moving average is $14.52 and its two-hundred day moving average is $15.70. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of -83.92 and a beta of 0.74.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.02. The firm had revenue of $202.00 million for the quarter, compared to analysts' expectations of $199.34 million. Mirion Technologies had a negative net margin of 4.21% and a positive return on equity of 4.78%. Mirion Technologies's revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $0.06 earnings per share. As a group, equities research analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS 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.