Bank of New York Mellon Corp Buys 13,248 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Bank of New York Mellon Corp increased its position in Mirion Technologies, Inc. (NYSE:MIR) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 661,429 shares of the company’s stock after purchasing an additional 13,248 shares during the period. Bank of New York Mellon Corp owned approximately 0.28% of Mirion Technologies worth $11,542,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Artemis Investment Management LLP purchased a new position in shares of Mirion Technologies in the fourth quarter worth $38,155,000. Corsair Capital Management L.P. lifted its stake 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 valued at $34,991,000 after acquiring an additional 1,441,846 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Mirion Technologies by 1,532.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 520,692 shares of the company’s stock valued at $8,810,000 after acquiring an additional 488,790 shares during the period. Telemark Asset Management LLC purchased a new stake in shares of Mirion Technologies during the 3rd quarter valued at about $4,428,000. Finally, Jennison Associates LLC grew its stake in shares of Mirion Technologies by 548.4% in the third quarter. Jennison Associates LLC now owns 465,553 shares of the company’s stock worth $5,154,000 after acquiring an additional 393,752 shares during the period. 78.51% of the stock is owned by hedge funds and other institutional investors.

Mirion Technologies Stock Down 1.5 %

MIR opened at $14.13 on Friday. The firm’s 50 day simple moving average is $15.92 and its two-hundred day simple moving average is $14.77. The company has a market capitalization of $3.28 billion, a PE ratio of -74.34 and a beta of 0.74. Mirion Technologies, Inc. has a 1-year low of $9.11 and a 1-year high of $18.81. The company has a current ratio of 2.16, a quick ratio of 1.55 and a debt-to-equity ratio of 0.43.

Mirion Technologies (NYSE:MIR) last posted 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%. As a group, equities analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MIR. The Goldman Sachs Group increased their price objective on shares of Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Citigroup increased their price target on Mirion Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Baird R W raised Mirion Technologies to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Robert W. Baird initiated coverage on Mirion Technologies in a report on Thursday, December 19th. They issued an “outperform” rating and a $22.00 target price on the stock. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $19.25.

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.