Nicholas Investment Partners LP Cuts Holdings in Mirion Technologies, Inc. (NYSE:MIR)

Nicholas Investment Partners LP cut its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 431,354 shares of the company’s stock after selling 6,811 shares during the quarter. Nicholas Investment Partners LP owned approximately 0.19% of Mirion Technologies worth $7,527,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Mirion Technologies by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 23,909,802 shares of the company’s stock worth $417,226,000 after purchasing an additional 227,178 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Mirion Technologies by 1.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 20,388,146 shares of the company’s stock valued at $355,774,000 after acquiring an additional 216,258 shares during the period. Janus Henderson Group PLC boosted its stake in Mirion Technologies by 2.8% during the 4th quarter. Janus Henderson Group PLC now owns 8,330,495 shares of the company’s stock worth $145,367,000 after purchasing an additional 229,718 shares during the period. Dimensional Fund Advisors LP grew its position in Mirion Technologies by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,185,694 shares of the company’s stock worth $125,391,000 after purchasing an additional 171,918 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Mirion Technologies by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 4,571,828 shares of the company’s stock valued at $79,796,000 after buying an additional 69,373 shares during the last quarter. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Mirion Technologies Stock Performance

Shares of NYSE MIR opened at $17.55 on Wednesday. Mirion Technologies, Inc. has a 12 month low of $9.11 and a 12 month high of $18.81. The company has a market cap of $4.07 billion, a PE ratio of -92.37 and a beta of 0.74. The company has a 50-day simple moving average of $14.65 and a 200-day simple moving average of $15.77. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $202.00 million for the quarter, compared to analysts’ expectations of $199.34 million. During the same quarter last year, the firm earned $0.06 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

MIR has been the topic of several recent research reports. Robert W. Baird dropped their price objective on shares of Mirion Technologies from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, April 4th. B. Riley decreased their price target on Mirion Technologies from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Finally, Citigroup dropped 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. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $18.75.

About Mirion Technologies

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.