Vontobel Holding Ltd. Takes Position in Mirion Technologies, Inc. (NYSE:MIR)

Vontobel Holding Ltd. purchased a new stake in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 59,895 shares of the company's stock, valued at approximately $868,000.

A number of other large investors also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership boosted its position in shares of Mirion Technologies by 29,948.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,214,921 shares of the company's stock valued at $73,550,000 after purchasing an additional 4,200,894 shares during the period. Brown Advisory Inc. acquired a new position in shares of Mirion Technologies in the 4th quarter valued at $66,520,000. William Blair Investment Management LLC acquired a new position in shares of Mirion Technologies in the 4th quarter valued at $53,066,000. Bornite Capital Management LP acquired a new position in shares of Mirion Technologies in the 4th quarter valued at $36,942,000. Finally, Millennium Management LLC boosted its position in shares of Mirion Technologies by 100.6% in the 4th quarter. Millennium Management LLC now owns 3,105,374 shares of the company's stock valued at $54,189,000 after purchasing an additional 1,557,077 shares during the period. 78.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 500,000 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $17.94, for a total transaction of $8,970,000.00. Following the completion of the sale, the director directly owned 61,287 shares of the company's stock, valued at $1,099,488.78. This trade represents a 89.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 6.30% of the stock is owned by company insiders.

Mirion Technologies Stock Down 0.3%

NYSE MIR traded down $0.07 during trading on Friday, reaching $20.35. 2,126,253 shares of the company's stock were exchanged, compared to its average volume of 2,133,712. Mirion Technologies, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $22.21. The firm has a market capitalization of $4.72 billion, a PE ratio of -339.17 and a beta of 0.83. The company has a current ratio of 2.23, a quick ratio of 1.69 and a debt-to-equity ratio of 0.44. The company's fifty day simple moving average is $18.77 and its 200-day simple moving average is $16.66.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.02. Mirion Technologies had a positive return on equity of 6.07% and a negative net margin of 1.16%. The company had revenue of $202.00 million during the quarter, compared to the consensus estimate of $199.34 million. During the same period last year, the business earned $0.06 EPS. The business's quarterly revenue was up 4.9% on a year-over-year basis. Sell-side analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

MIR has been the subject of a number of recent analyst reports. Citigroup decreased their price target on Mirion Technologies from $20.00 to $17.00 and set a "buy" rating for the company in a research report on Monday, April 14th. B. Riley decreased their price objective on Mirion Technologies from $19.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Robert W. Baird decreased their price objective on Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $18.75.

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.