Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 24,189 Mirion Technologies, Inc. (NYSE:MIR)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,189 shares of the company's stock, valued at approximately $351,000.

Other hedge funds have also recently made changes to their positions in the company. Brown Advisory Inc. purchased a new position in shares of Mirion Technologies in the 4th quarter worth approximately $66,520,000. Millennium Management LLC boosted its stake in shares of Mirion Technologies by 100.6% during the 4th quarter. Millennium Management LLC now owns 3,105,374 shares of the company's stock worth $54,189,000 after purchasing an additional 1,557,077 shares during the period. Raymond James Financial Inc. purchased a new stake in Mirion Technologies in the 4th quarter worth about $17,164,000. Lord Abbett & CO. LLC boosted its position in shares of Mirion Technologies by 70.7% during the fourth quarter. Lord Abbett & CO. LLC now owns 2,368,734 shares of the company's stock valued at $41,334,000 after buying an additional 981,199 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Mirion Technologies by 3,556.6% during the first quarter. Victory Capital Management Inc. now owns 1,004,697 shares of the company's stock valued at $14,568,000 after buying an additional 977,221 shares during the period. 78.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 500,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $17.94, for a total value of $8,970,000.00. Following the completion of the transaction, the director owned 61,287 shares of the company's stock, valued at approximately $1,099,488.78. This trade represents a 89.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.30% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on MIR shares. B. Riley reaffirmed a "buy" rating and issued a $22.00 price target (up previously from $17.00) on shares of Mirion Technologies in a research note on Wednesday, July 23rd. Robert W. Baird upped their target price on Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Finally, Citigroup upped their target price on Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mirion Technologies presently has a consensus rating of "Buy" and a consensus price target of $22.25.

Mirion Technologies Price Performance

Shares of NYSE MIR traded down $0.43 during mid-day trading on Thursday, reaching $21.11. The company's stock had a trading volume of 799,659 shares, compared to its average volume of 2,548,988. The stock has a market capitalization of $4.90 billion, a P/E ratio of 705.33 and a beta of 0.83. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.69 and a current ratio of 2.54. Mirion Technologies, Inc. has a 1-year low of $9.11 and a 1-year high of $22.80. The stock has a 50-day moving average of $20.71 and a two-hundred day moving average of $17.34.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The firm had revenue of $222.90 million during the quarter, compared to analyst estimates of $216.78 million. Mirion Technologies had a net margin of 1.12% and a return on equity of 6.57%. Mirion Technologies's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. On average, equities research analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

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.