Millennium Management LLC Increases Holdings in Mirion Technologies, Inc. (NYSE:MIR)

Millennium Management LLC raised its stake in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 100.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,105,374 shares of the company's stock after buying an additional 1,557,077 shares during the quarter. Millennium Management LLC owned about 1.34% of Mirion Technologies worth $54,189,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its stake in Mirion Technologies by 4.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,386 shares of the company's stock valued at $338,000 after buying an additional 865 shares during the period. Swiss National Bank raised its holdings in shares of Mirion Technologies by 0.5% in the 4th quarter. Swiss National Bank now owns 376,800 shares of the company's stock valued at $6,575,000 after acquiring an additional 2,000 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Mirion Technologies by 10.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 21,611 shares of the company's stock valued at $377,000 after acquiring an additional 2,031 shares during the last quarter. Xponance Inc. grew its holdings in shares of 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 purchasing an additional 2,048 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Mirion Technologies by 39.2% during the fourth quarter. KBC Group NV now owns 8,002 shares of the company's stock worth $140,000 after purchasing an additional 2,254 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MIR shares. B. Riley decreased 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. Citigroup reduced their target price on Mirion Technologies from $20.00 to $17.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Robert W. Baird dropped their price target on Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Mirion Technologies currently has an average rating of "Buy" and an average price target of $18.75.

Mirion Technologies Stock Down 0.9%

Shares of Mirion Technologies stock traded down $0.16 during trading on Thursday, hitting $17.88. The company's stock had a trading volume of 655,438 shares, compared to its average volume of 1,768,682. Mirion Technologies, Inc. has a 52 week low of $9.11 and a 52 week high of $18.90. The company has a market capitalization of $4.15 billion, a PE ratio of -94.12 and a beta of 0.74. The company has a fifty day simple moving average of $15.11 and a two-hundred day simple moving average of $15.90. 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 (NYSE:MIR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $199.34 million. During the same quarter in the previous year, the firm earned $0.06 EPS. Mirion Technologies's quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts predict that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Mirion Technologies Company 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.