Select Equity Group L.P. Sells 2,004,285 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Select Equity Group L.P. reduced its position in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 46.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,313,419 shares of the company's stock after selling 2,004,285 shares during the period. Select Equity Group L.P. owned about 1.00% of Mirion Technologies worth $40,369,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MIR. Barclays PLC raised its position in shares of Mirion Technologies by 325.0% during the third quarter. Barclays PLC now owns 307,680 shares of the company's stock valued at $3,405,000 after buying an additional 235,288 shares during the last quarter. Artemis Investment Management LLP acquired a new position in Mirion Technologies in the fourth quarter worth $38,155,000. Simon Quick Advisors LLC raised its position in shares of Mirion Technologies by 49.6% during the fourth quarter. Simon Quick Advisors LLC now owns 24,054 shares of the company's stock worth $420,000 after acquiring an additional 7,978 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of Mirion Technologies by 291.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 88,830 shares of the company's stock worth $1,550,000 after acquiring an additional 66,132 shares during the last quarter. Finally, KBC Group NV lifted its holdings in Mirion Technologies by 39.2% in the fourth 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 during the period. Institutional investors and hedge funds own 78.51% of the company's stock.

Mirion Technologies Price Performance

NYSE MIR traded down $0.13 during midday trading on Tuesday, hitting $17.41. The company had a trading volume of 3,894,799 shares, compared to its average volume of 1,717,091. The company has a market capitalization of $4.04 billion, a PE ratio of -91.63 and a beta of 0.74. The company has a current ratio of 2.16, a quick ratio of 1.55 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $14.98 and a 200-day moving average price of $15.87. Mirion Technologies, Inc. has a twelve month low of $9.11 and a twelve month high of $18.81.

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, beating the consensus estimate of $0.08 by $0.02. The firm had revenue of $202.00 million during the quarter, compared to analysts' expectations of $199.34 million. Mirion Technologies had a positive return on equity of 4.78% and a negative net margin of 4.21%. The company's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 EPS. As a group, analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on MIR. Citigroup dropped their price objective on Mirion Technologies from $20.00 to $17.00 and set a "buy" rating for the company in a report on Monday, April 14th. B. Riley reduced their price target on Mirion Technologies from $19.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Robert W. Baird reduced their target price 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 equities research 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, Mirion Technologies presently has an average rating of "Buy" and an average target price of $18.75.

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.