MetLife Investment Management LLC Increases Position in Mirion Technologies, Inc. (NYSE:MIR)

MetLife Investment Management LLC boosted its position in Mirion Technologies, Inc. (NYSE:MIR) by 5.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 124,137 shares of the company’s stock after acquiring an additional 6,878 shares during the period. MetLife Investment Management LLC’s holdings in Mirion Technologies were worth $2,166,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MIR. Arrowstreet Capital Limited Partnership grew its stake in 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 worth $73,550,000 after acquiring an additional 4,200,894 shares during the period. William Blair Investment Management LLC purchased a new stake in shares of Mirion Technologies during the 4th quarter valued at $53,066,000. Artemis Investment Management LLP purchased a new stake in shares of Mirion Technologies during the 4th quarter valued at $38,155,000. Bornite Capital Management LP purchased a new stake in shares of Mirion Technologies during the 4th quarter valued at $36,942,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Mirion Technologies during the 4th quarter valued at $17,164,000. 78.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MIR shares. B. Riley lowered their price objective on shares of Mirion Technologies from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Citigroup lowered their price objective on shares of Mirion Technologies from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Robert W. Baird decreased their price target on shares of 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $18.75.

Mirion Technologies Stock Performance

Shares of MIR stock opened at $15.40 on Tuesday. The firm has a market capitalization of $3.58 billion, a P/E ratio of -81.05 and a beta of 0.75. The company’s fifty day moving average price is $14.49 and its two-hundred day moving average price is $15.64. 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, Inc. has a 12 month low of $9.11 and a 12 month high of $18.81.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Tuesday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Mirion Technologies had a negative net margin of 4.21% and a positive return on equity of 4.78%. On average, research analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

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.