Balyasny Asset Management L.P. Buys Shares of 36,502 Mirion Technologies, Inc. (NYSE:MIR)

Balyasny Asset Management L.P. bought a new stake in Mirion Technologies, Inc. (NYSE:MIR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 36,502 shares of the company’s stock, valued at approximately $637,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its holdings in Mirion Technologies by 4.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,386 shares of the company’s stock worth $338,000 after purchasing an additional 865 shares during the period. Swiss National Bank increased its holdings in Mirion Technologies by 0.5% during the 4th quarter. Swiss National Bank now owns 376,800 shares of the company’s stock worth $6,575,000 after purchasing an additional 2,000 shares during the period. Summit Investment Advisors Inc. increased its holdings in Mirion Technologies by 10.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 21,611 shares of the company’s stock worth $377,000 after purchasing an additional 2,031 shares during the period. Xponance Inc. increased its holdings in Mirion Technologies by 15.9% during the 4th quarter. Xponance Inc. now owns 14,942 shares of the company’s stock worth $261,000 after purchasing an additional 2,048 shares during the period. Finally, KBC Group NV increased its holdings in Mirion Technologies by 39.2% during the 4th quarter. KBC Group NV now owns 8,002 shares of the company’s stock worth $140,000 after purchasing an additional 2,254 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. B. Riley cut their price target on Mirion Technologies from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Citigroup cut their price target on Mirion Technologies from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Robert W. Baird lowered 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 analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $18.75.

Mirion Technologies Trading Down 2.5%

NYSE:MIR opened at $17.11 on Friday. The stock has a 50-day simple moving average of $14.85 and a 200-day simple moving average of $15.82. The stock has a market cap of $3.97 billion, a P/E ratio of -90.05 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 debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. The business had revenue of $202.00 million during the quarter, compared to analysts’ expectations of $199.34 million. Mirion Technologies had a positive return on equity of 4.78% and a negative net margin of 4.21%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 EPS. As a group, analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

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.