Adage Capital Partners GP L.L.C. Trims Position in Mirion Technologies, Inc. (NYSE:MIR)

Adage Capital Partners GP L.L.C. lowered its position in Mirion Technologies, Inc. (NYSE:MIR) by 96.1% in the fourth quarter, HoldingsChannel reports. The firm owned 140,958 shares of the company’s stock after selling 3,479,716 shares during the period. Adage Capital Partners GP L.L.C.’s holdings in Mirion Technologies were worth $2,460,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MIR. Envestnet Asset Management Inc. boosted its holdings in Mirion Technologies by 4.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 19,386 shares of the company’s stock valued at $338,000 after purchasing an additional 865 shares during the last quarter. Swiss National Bank lifted its holdings in Mirion Technologies by 0.5% in the fourth quarter. Swiss National Bank now owns 376,800 shares of the company’s stock valued at $6,575,000 after acquiring an additional 2,000 shares during the last quarter. Summit Investment Advisors Inc. grew its position in Mirion Technologies by 10.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 21,611 shares of the company’s stock worth $377,000 after acquiring an additional 2,031 shares during the period. Xponance Inc. increased its stake in Mirion Technologies by 15.9% during the fourth quarter. Xponance Inc. now owns 14,942 shares of the company’s stock worth $261,000 after acquiring an additional 2,048 shares during the last quarter. Finally, KBC Group NV raised its position in Mirion Technologies by 39.2% in the fourth quarter. KBC Group NV now owns 8,002 shares of the company’s stock valued at $140,000 after purchasing an additional 2,254 shares during the period. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Mirion Technologies Price Performance

MIR opened at $15.57 on Wednesday. The stock’s 50-day moving average price is $14.47 and its 200 day moving average price is $15.64. Mirion Technologies, Inc. has a 12-month low of $9.11 and a 12-month high of $18.81. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of -81.95 and a beta of 0.75. 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 quarterly earnings results on Tuesday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. As a group, sell-side analysts expect that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

MIR has been the subject of a number of research analyst reports. B. Riley lowered their price target on Mirion Technologies from $19.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Citigroup lowered their target price 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 reduced their price target 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. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price 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.