Brown Advisory Inc. Buys New Position in Mirion Technologies, Inc. (NYSE:MIR)

Brown Advisory Inc. acquired a new stake in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,812,024 shares of the company's stock, valued at approximately $66,520,000. Brown Advisory Inc. owned about 1.64% of Mirion Technologies at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in Mirion Technologies by 4.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,386 shares of the company's stock worth $338,000 after acquiring an additional 865 shares during the period. Swiss National Bank raised its stake in shares of Mirion Technologies by 0.5% in the fourth quarter. Swiss National Bank now owns 376,800 shares of the company's stock worth $6,575,000 after purchasing an additional 2,000 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Mirion Technologies by 10.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 21,611 shares of the company's stock worth $377,000 after purchasing an additional 2,031 shares during the period. Xponance Inc. boosted its position in Mirion Technologies by 15.9% in the fourth quarter. Xponance Inc. now owns 14,942 shares of the company's stock valued at $261,000 after buying an additional 2,048 shares during the last quarter. Finally, KBC Group NV boosted its position in Mirion Technologies by 39.2% in the fourth 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 last quarter. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Mirion Technologies Stock Performance

NYSE MIR traded up $0.28 during mid-day trading on Friday, reaching $16.41. 947,349 shares of the stock were exchanged, compared to its average volume of 1,689,368. Mirion Technologies, Inc. has a 1 year low of $9.11 and a 1 year 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. The business's 50 day moving average is $14.61 and its 200-day moving average is $15.74. The company has a market capitalization of $3.81 billion, a P/E ratio of -86.37 and a beta of 0.74.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. The firm had revenue of $202.00 million during the quarter, compared to analyst estimates of $199.34 million. Mirion Technologies had a positive return on equity of 4.78% and a negative net margin of 4.21%. Mirion Technologies's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 EPS. On average, equities research analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal 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.