Cresset Asset Management LLC Acquires Shares of 58,500 Mirion Technologies, Inc. (NYSE:MIR)

Cresset Asset Management LLC acquired a new stake in Mirion Technologies, Inc. (NYSE:MIR - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 58,500 shares of the company's stock, valued at approximately $1,021,000.

A number of other institutional investors also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership increased its holdings in Mirion Technologies by 29,948.6% in 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 in the last quarter. Brown Advisory Inc. bought a new stake in shares of Mirion Technologies during the 4th quarter valued at about $66,520,000. William Blair Investment Management LLC bought a new stake in shares of Mirion Technologies during the 4th quarter valued at about $53,066,000. Artemis Investment Management LLP bought a new position in Mirion Technologies in the fourth quarter worth approximately $38,155,000. Finally, Bornite Capital Management LP bought a new position in Mirion Technologies in the fourth quarter worth approximately $36,942,000. Institutional investors and hedge funds own 78.51% of the company's stock.

Mirion Technologies Stock Up 3.5%

MIR stock opened at $16.96 on Tuesday. 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 price is $14.65 and its two-hundred day moving average price is $15.77. 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 company has a market capitalization of $3.93 billion, a price-to-earnings ratio of -89.26 and a beta of 0.74.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $199.34 million. During the same quarter in the prior year, the business earned $0.06 EPS. The business's revenue for the quarter was up 4.9% on a year-over-year basis. As a group, analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on MIR shares. 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 report on Wednesday, April 16th. Robert W. Baird reduced their price objective on Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Finally, Citigroup reduced 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 research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $18.75.

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.

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