Brown Advisory Inc. Buys New Position in Mirion Technologies, Inc. (NYSE:MIR)

Brown Advisory Inc. purchased a new stake in Mirion Technologies, Inc. (NYSE:MIR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,812,024 shares of the company’s stock, valued at approximately $66,520,000.

Several other large investors have also bought and sold shares of MIR. Barclays PLC raised its holdings in shares of Mirion Technologies by 325.0% in the third quarter. Barclays PLC now owns 307,680 shares of the company’s stock valued at $3,405,000 after purchasing an additional 235,288 shares during the last quarter. Artemis Investment Management LLP bought a new stake in Mirion Technologies in the 4th quarter worth about $38,155,000. Simon Quick Advisors LLC increased its stake in Mirion Technologies by 49.6% in the 4th quarter. Simon Quick Advisors LLC now owns 24,054 shares of the company’s stock valued at $420,000 after buying an additional 7,978 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Mirion Technologies by 291.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 88,830 shares of the company’s stock worth $1,550,000 after buying an additional 66,132 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Mirion Technologies by 39.2% in the 4th quarter. KBC Group NV now owns 8,002 shares of the company’s stock worth $140,000 after buying an additional 2,254 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors.

Mirion Technologies Price Performance

Shares of NYSE MIR opened at $16.21 on Monday. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of -85.32 and a beta of 0.75. The stock has a fifty day simple moving average of $14.50 and a two-hundred day simple moving average of $15.69. 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, Inc. has a 1-year low of $9.11 and a 1-year high of $18.81.

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 the consensus estimate of $0.08 by $0.02. Mirion Technologies had a positive return on equity of 4.78% and a negative net margin of 4.21%. The company had revenue of $202.00 million during the quarter, compared to analyst estimates of $199.34 million. During the same quarter last year, the firm posted $0.06 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on MIR shares. Citigroup decreased their price target on Mirion Technologies from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Robert W. Baird lowered their target price on Mirion Technologies from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note 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 for the company in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $18.75.

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.