ProShare Advisors LLC Has $1.02 Million Stock Holdings in Mirion Technologies, Inc. (NYSE:MIR)

ProShare Advisors LLC lifted its stake in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 54.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,179 shares of the company's stock after acquiring an additional 20,414 shares during the quarter. ProShare Advisors LLC's holdings in Mirion Technologies were worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its position 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 during the last quarter. Brown Advisory Inc. acquired a new position in Mirion Technologies in the fourth quarter worth approximately $66,520,000. William Blair Investment Management LLC bought a new position in Mirion Technologies during the fourth quarter valued at approximately $53,066,000. Bornite Capital Management LP acquired a new stake in Mirion Technologies in the fourth quarter valued at approximately $36,942,000. Finally, Millennium Management LLC grew its position in Mirion Technologies by 100.6% in the fourth quarter. Millennium Management LLC now owns 3,105,374 shares of the company's stock worth $54,189,000 after acquiring an additional 1,557,077 shares in the last quarter. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MIR has been the topic of a number of recent research reports. B. Riley cut their price target on shares of 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 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. Finally, Citigroup lowered their target price on shares of Mirion Technologies from $20.00 to $17.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Mirion Technologies presently has an average rating of "Buy" and a consensus target price of $18.75.

Mirion Technologies Stock Performance

NYSE MIR traded down $0.31 during midday trading on Wednesday, hitting $19.13. The company had a trading volume of 486,700 shares, compared to its average volume of 1,834,940. The firm has a fifty day simple moving average of $15.42 and a two-hundred day simple moving average of $16.00. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of -100.68 and a beta of 0.74. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. Mirion Technologies, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $19.58.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (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 firm had revenue of $202.00 million for the quarter, compared to analyst estimates of $199.34 million. During the same period in the previous year, the company posted $0.06 earnings per share. The company's quarterly revenue was up 4.9% compared to the same quarter last year. Equities analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity at Mirion Technologies

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 500,000 shares of the business's stock in a transaction on 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 sale, the director now owns 61,287 shares of the company's stock, valued at $1,099,488.78. The trade was a 89.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 6.30% of the stock is currently owned by corporate insiders.

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.