D. E. Shaw & Co. Inc. Takes Position in Mirion Technologies, Inc. (NYSE:MIR)

D. E. Shaw & Co. Inc. acquired a new stake in shares of Mirion Technologies, Inc. (NYSE:MIR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 319,544 shares of the company’s stock, valued at approximately $5,576,000. D. E. Shaw & Co. Inc. owned about 0.14% of Mirion Technologies at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of Mirion Technologies by 4.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,386 shares of the company’s stock valued at $338,000 after acquiring an additional 865 shares during the last quarter. Swiss National Bank increased its position in shares of Mirion Technologies by 0.5% during the fourth quarter. Swiss National Bank now owns 376,800 shares of the company’s stock valued at $6,575,000 after buying an additional 2,000 shares during the period. Summit Investment Advisors Inc. increased its position in shares of Mirion Technologies by 10.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 21,611 shares of the company’s stock valued at $377,000 after buying an additional 2,031 shares during the period. Xponance Inc. increased its position in shares of Mirion Technologies by 15.9% during the fourth quarter. Xponance Inc. now owns 14,942 shares of the company’s stock valued at $261,000 after buying an additional 2,048 shares during the period. Finally, KBC Group NV increased its position in shares of Mirion Technologies by 39.2% during 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. 78.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Citigroup reduced their price target on shares of Mirion Technologies from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Robert W. Baird reduced their price target on shares of Mirion Technologies from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Finally, B. Riley reduced their price target on shares of Mirion Technologies from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $18.75.

Mirion Technologies Price Performance

Shares of MIR opened at $17.24 on Friday. The stock has a market cap of $4.00 billion, a PE ratio of -90.74 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, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $18.81. The firm’s 50-day simple moving average is $14.85 and its two-hundred day simple moving average is $15.82.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $202.00 million for the quarter, compared to analysts’ expectations 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 was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 earnings per share. Analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share 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.