Adage Capital Partners GP L.L.C. Cuts Stake in Mirion Technologies, Inc. (NYSE:MIR)

Adage Capital Partners GP L.L.C. lowered its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 96.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 140,958 shares of the company's stock after selling 3,479,716 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.06% of Mirion Technologies worth $2,460,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MIR. US Bancorp DE lifted its position in shares of Mirion Technologies by 3,248.7% during the 4th quarter. US Bancorp DE now owns 6,262 shares of the company's stock valued at $109,000 after buying an additional 6,075 shares in the last quarter. SkyView Investment Advisors LLC acquired a new stake in shares of Mirion Technologies in the third quarter valued at about $111,000. Tower Research Capital LLC TRC increased its stake in shares of Mirion Technologies by 162.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company's stock worth $116,000 after purchasing an additional 4,120 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Mirion Technologies during the 4th quarter worth about $120,000. Finally, KBC Group NV lifted its stake 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 buying an additional 2,254 shares in the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

Mirion Technologies Trading Up 2.9 %

Shares of Mirion Technologies stock traded up $0.46 during mid-day trading on Friday, hitting $16.21. The stock had a trading volume of 1,780,730 shares, compared to its average volume of 1,672,456. The firm has a market cap of $3.77 billion, a P/E ratio of -85.32 and a beta of 0.75. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average of $14.50 and a two-hundred day moving average of $15.67. Mirion Technologies, Inc. has a 12-month low of $9.11 and a 12-month high of $18.81.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $199.34 million. During the same period last year, the company earned $0.06 EPS. The company's quarterly revenue was up 4.9% on a year-over-year basis. Sell-side analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Citigroup reduced their target price on Mirion Technologies from $20.00 to $17.00 and set a "buy" rating for the company in a report on Monday, April 14th. Robert W. Baird decreased 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. Finally, B. Riley dropped their target price on shares of Mirion Technologies from $19.00 to $17.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $18.75.

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.