Mirion Technologies, Inc. (NYSE:MIR) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC cut its position in Mirion Technologies, Inc. (NYSE:MIR) by 31.7% in the fourth quarter, Holdings Channel reports. The firm owned 278,817 shares of the company’s stock after selling 129,220 shares during the period. Lazard Asset Management LLC’s holdings in Mirion Technologies were worth $4,865,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MIR. Arrowstreet Capital Limited Partnership boosted its position in shares of Mirion Technologies by 29,948.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,214,921 shares of the company’s stock valued at $73,550,000 after purchasing an additional 4,200,894 shares during the period. Brown Advisory Inc. acquired a new stake in Mirion Technologies during the 4th quarter worth approximately $66,520,000. William Blair Investment Management LLC acquired a new stake in Mirion Technologies during the 4th quarter worth approximately $53,066,000. Artemis Investment Management LLP acquired a new stake in Mirion Technologies during the 4th quarter worth approximately $38,155,000. Finally, Bornite Capital Management LP acquired a new stake in Mirion Technologies during the 4th quarter worth approximately $36,942,000. 78.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MIR has been the subject of a number of recent research reports. B. Riley decreased their price objective on Mirion Technologies from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Citigroup decreased their price objective 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. Finally, Robert W. Baird decreased their price objective on Mirion Technologies from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, April 4th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Mirion Technologies has a consensus rating of “Buy” and an average target price of $18.75.

Mirion Technologies Stock Performance

Shares of MIR stock opened at $17.11 on Friday. The company has a market cap of $3.97 billion, a price-to-earnings ratio of -90.05 and a beta of 0.74. The stock has a 50 day simple moving average of $14.85 and a 200-day simple moving average of $15.82. Mirion Technologies, Inc. has a 12-month low of $9.11 and a 12-month 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 issued its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $202.00 million during the quarter, compared to the consensus estimate of $199.34 million. Mirion Technologies had a positive return on equity of 4.78% and a negative net margin of 4.21%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 EPS. On average, equities analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current 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.