Schonfeld Strategic Advisors LLC Invests $4.41 Million in Mirion Technologies, Inc. (NYSE:MIR)

Schonfeld Strategic Advisors LLC purchased a new stake in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 252,686 shares of the company's stock, valued at approximately $4,409,000. Schonfeld Strategic Advisors LLC owned about 0.11% of Mirion Technologies as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its holdings in Mirion Technologies by 29,948.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,214,921 shares of the company's stock worth $73,550,000 after buying an additional 4,200,894 shares during the period. William Blair Investment Management LLC bought a new stake in shares of Mirion Technologies during the 4th quarter valued at $53,066,000. Artemis Investment Management LLP bought a new position in shares of Mirion Technologies in the 4th quarter worth about $38,155,000. Bornite Capital Management LP purchased a new position in Mirion Technologies during the 4th quarter valued at about $36,942,000. Finally, Raymond James Financial Inc. bought a new stake in Mirion Technologies during the fourth quarter worth about $17,164,000. Institutional investors own 78.51% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MIR shares. B. Riley lowered 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. Robert W. Baird dropped their target price 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, Citigroup reduced their price target 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 investment 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.com, the stock has an average rating of "Buy" and an average price target of $18.75.

Mirion Technologies Stock Performance

Shares of Mirion Technologies stock traded up $0.24 during trading on Tuesday, hitting $16.19. 1,960,822 shares of the company's stock traded hands, compared to its average volume of 1,675,827. Mirion Technologies, Inc. has a 1 year low of $9.11 and a 1 year high of $18.81. The business has a 50-day simple moving average of $14.52 and a 200-day simple moving average of $15.70. The stock has a market capitalization of $3.76 billion, a P/E ratio of -85.21 and a beta of 0.74. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.02. The firm had revenue of $202.00 million during the quarter, compared to analyst estimates of $199.34 million. Mirion Technologies had a negative net margin of 4.21% and a positive return on equity of 4.78%. The business's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 earnings per share. As a group, analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

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.