William Blair Investment Management LLC Acquires Shares of 3,041,016 Mirion Technologies, Inc. (NYSE:MIR)

William Blair Investment Management LLC purchased a new position in Mirion Technologies, Inc. (NYSE:MIR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,041,016 shares of the company’s stock, valued at approximately $53,066,000. William Blair Investment Management LLC owned about 1.31% of Mirion Technologies at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Mirion Technologies by 2.7% in the third quarter. State Street Corp now owns 5,365,728 shares of the company’s stock worth $59,399,000 after acquiring an additional 138,648 shares during the last quarter. Geode Capital Management LLC lifted its position in Mirion Technologies by 3.4% during the third quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company’s stock worth $49,851,000 after buying an additional 147,408 shares in the last quarter. Corsair Capital Management L.P. lifted its position in Mirion Technologies by 83.9% during the third quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company’s stock worth $34,991,000 after buying an additional 1,441,846 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its position in Mirion Technologies by 8.7% during the third quarter. ArrowMark Colorado Holdings LLC now owns 3,000,060 shares of the company’s stock worth $33,211,000 after buying an additional 241,334 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new position in Mirion Technologies during the fourth quarter worth approximately $38,155,000. 78.51% of the stock is owned by institutional investors and hedge funds.

Mirion Technologies Price Performance

NYSE:MIR opened at $14.78 on Tuesday. Mirion Technologies, Inc. has a 52 week low of $9.11 and a 52 week high of $18.81. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. The stock’s fifty day moving average is $15.81 and its two-hundred day moving average is $14.87. The company has a market capitalization of $3.43 billion, a P/E ratio of -77.76 and a beta of 0.74.

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

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup lifted their price objective on Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Robert W. Baird started coverage on Mirion Technologies in a research report on Thursday, December 19th. They issued an “outperform” rating and a $22.00 target price on the stock. Baird R W upgraded Mirion Technologies to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group lifted their target price on Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $19.25.

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.