MetLife Investment Management LLC Grows Holdings in Mirion Technologies, Inc. (NYSE:MIR)

MetLife Investment Management LLC boosted its holdings in Mirion Technologies, Inc. (NYSE:MIR) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,137 shares of the company’s stock after purchasing an additional 6,878 shares during the quarter. MetLife Investment Management LLC owned about 0.05% of Mirion Technologies worth $2,166,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on MIR shares. Citigroup dropped their price objective on shares of Mirion Technologies from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Robert W. Baird dropped their price objective 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. Finally, B. Riley lowered their price target on shares of Mirion Technologies from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. 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 stock currently has an average rating of “Buy” and a consensus price target of $18.75.

Mirion Technologies Stock Performance

NYSE:MIR opened at $15.40 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. Mirion Technologies, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $18.81. The stock has a market cap of $3.58 billion, a PE ratio of -81.05 and a beta of 0.75. The firm’s fifty day simple moving average is $14.49 and its 200-day simple moving average is $15.64.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.16 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%. Analysts expect 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.