Principal Financial Group Inc. Sells 2,479 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Principal Financial Group Inc. lowered its holdings in Mirion Technologies, Inc. (NYSE:MIR) by 16.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,237 shares of the company’s stock after selling 2,479 shares during the quarter. Principal Financial Group Inc.’s holdings in Mirion Technologies were worth $214,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MIR. State Street Corp grew its position in Mirion Technologies by 2.7% during the 3rd quarter. State Street Corp now owns 5,365,728 shares of the company’s stock worth $59,399,000 after purchasing an additional 138,648 shares during the last quarter. Geode Capital Management LLC grew its position in Mirion Technologies by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company’s stock worth $49,851,000 after purchasing an additional 147,408 shares during the last quarter. Corsair Capital Management L.P. grew its position in Mirion Technologies by 83.9% during the 3rd quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company’s stock worth $34,991,000 after purchasing an additional 1,441,846 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its position in Mirion Technologies by 8.7% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,000,060 shares of the company’s stock worth $33,211,000 after purchasing an additional 241,334 shares during the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in Mirion Technologies during the 4th quarter worth approximately $38,155,000. Institutional investors own 78.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Baird R W raised shares of Mirion Technologies to a “strong-buy” rating in a research report on Thursday, December 19th. Robert W. Baird assumed coverage on shares of Mirion Technologies in a research note on Thursday, December 19th. They issued an “outperform” rating and a $22.00 price objective on the stock. The Goldman Sachs Group increased their price objective on shares of Mirion Technologies from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Citigroup increased their price objective on shares of Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a buy rating and two have assigned 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 $19.25.

Mirion Technologies Trading Down 1.6 %

NYSE MIR opened at $14.15 on Friday. The firm has a 50 day simple moving average of $16.18 and a 200-day simple moving average of $14.70. 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, Inc. has a one year low of $9.11 and a one year high of $18.81. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of -74.49 and a beta of 0.74.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Mirion Technologies had a negative net margin of 4.21% and a positive return on equity of 4.78%. Equities research analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal 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.