Mirion Technologies, Inc. (NYSE:MIR) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lessened its holdings in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 14.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,730 shares of the company's stock after selling 33,302 shares during the period. Bank of America Corp DE owned about 0.09% of Mirion Technologies worth $3,520,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in MIR. Envestnet Asset Management Inc. increased its stake 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 buying an additional 865 shares in the last quarter. Swiss National Bank increased its holdings in shares of Mirion Technologies by 0.5% during the 4th quarter. Swiss National Bank now owns 376,800 shares of the company's stock worth $6,575,000 after buying an additional 2,000 shares during the last quarter. Summit Investment Advisors Inc. raised its position in Mirion Technologies by 10.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 21,611 shares of the company's stock valued at $377,000 after purchasing an additional 2,031 shares during the period. Xponance Inc. boosted its stake in Mirion Technologies by 15.9% during the fourth quarter. Xponance Inc. now owns 14,942 shares of the company's stock worth $261,000 after buying an additional 2,048 shares during the period. Finally, KBC Group NV increased its holdings in 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 purchasing an additional 2,254 shares during the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 500,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $17.94, for a total value of $8,970,000.00. Following the transaction, the director now directly owns 61,287 shares in the company, valued at approximately $1,099,488.78. This represents a 89.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.30% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MIR. Citigroup reduced their price target on shares of Mirion Technologies from $20.00 to $17.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. B. Riley cut their target price 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, Robert W. Baird dropped their price objective on Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $18.75.

Mirion Technologies Stock Performance

MIR traded up $0.19 during trading on Wednesday, hitting $19.60. The stock had a trading volume of 1,852,087 shares, compared to its average volume of 1,892,928. The firm has a market capitalization of $4.55 billion, a P/E ratio of -103.16 and a beta of 0.74. The company's 50-day moving average price is $15.83 and its 200 day moving average price is $16.15. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. Mirion Technologies, Inc. has a twelve month low of $9.11 and a twelve month high of $19.71.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $199.34 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. Mirion Technologies's quarterly revenue was up 4.9% on a year-over-year basis. 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.