PNC Financial Services Group Inc. Lowers Stock Position in Mirion Technologies, Inc. (NYSE:MIR)

PNC Financial Services Group Inc. lowered its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 24.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,133 shares of the company’s stock after selling 8,329 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Mirion Technologies were worth $456,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its position in Mirion Technologies by 2.7% during the third quarter. State Street Corp now owns 5,365,728 shares of the company’s stock valued at $59,399,000 after buying an additional 138,648 shares during the period. Geode Capital Management LLC lifted its position in Mirion Technologies by 3.4% during the third quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company’s stock valued at $49,851,000 after buying an additional 147,408 shares during the period. Corsair Capital Management L.P. lifted its position in Mirion Technologies by 83.9% during the third quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company’s stock valued at $34,991,000 after buying an additional 1,441,846 shares during the period. ArrowMark Colorado Holdings LLC lifted its position in Mirion Technologies by 8.7% during the third quarter. ArrowMark Colorado Holdings LLC now owns 3,000,060 shares of the company’s stock valued at $33,211,000 after buying an additional 241,334 shares during the period. Finally, Artemis Investment Management LLP purchased a new position in Mirion Technologies during the fourth quarter valued at $38,155,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. The Goldman Sachs Group raised their price objective on Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Baird R W raised Mirion Technologies to a “strong-buy” rating in a research report on Thursday, December 19th. Robert W. Baird started coverage on Mirion Technologies in a research report on Thursday, December 19th. They issued an “outperform” rating and a $22.00 price target for the company. Finally, Citigroup lifted their price target on Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $19.25.

Mirion Technologies Price Performance

NYSE MIR opened at $14.97 on Thursday. Mirion Technologies, Inc. has a one year low of $9.11 and a one year high of $18.81. The stock has a 50-day moving average of $15.73 and a 200 day moving average of $14.90. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of -78.76 and a beta of 0.74. 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) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Mirion Technologies had a positive return on equity of 4.78% and a negative net margin of 4.21%. On average, sell-side analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

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.