American Century Companies Inc. Sells 1,427,563 Shares of Mirion Technologies, Inc. (NYSE:MIR)

American Century Companies Inc. trimmed its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 37.4% in the fourth quarter, Holdings Channel reports. The fund owned 2,385,033 shares of the company’s stock after selling 1,427,563 shares during the quarter. American Century Companies Inc.’s holdings in Mirion Technologies were worth $41,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in MIR. Harvest Fund Management Co. Ltd bought a new stake in Mirion Technologies during the 4th quarter valued at approximately $120,000. Xponance Inc. boosted its position in shares of Mirion Technologies by 15.9% in the fourth quarter. Xponance Inc. now owns 14,942 shares of the company’s stock valued at $261,000 after acquiring an additional 2,048 shares during the period. William Blair Investment Management LLC bought a new stake in shares of Mirion Technologies in the fourth quarter valued at approximately $53,066,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Mirion Technologies in the fourth quarter worth $768,000. Finally, Cibc World Markets Corp bought a new position in Mirion Technologies during the fourth quarter worth $337,000. 78.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Baird R W raised shares of Mirion Technologies to a “strong-buy” rating in a report on Thursday, December 19th. The Goldman Sachs Group increased their target price on shares of Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Robert W. Baird began coverage on Mirion Technologies in a research note on Thursday, December 19th. They set an “outperform” rating and a $22.00 price target on the stock. Finally, Citigroup raised 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. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $19.25.

Mirion Technologies Price Performance

NYSE:MIR opened at $14.96 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. The company has a 50-day moving average of $15.62 and a 200-day moving average of $15.08. Mirion Technologies, Inc. has a 52 week low of $9.11 and a 52 week high of $18.81. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of -78.76 and a beta of 0.74.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.16 EPS for the quarter, topping 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%. As a group, equities research analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal 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.