Sumitomo Mitsui DS Asset Management Company Ltd Takes $1.27 Million Position in Mirion Technologies, Inc. (NYSE:MIR)

Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Mirion Technologies, Inc. (NYSE:MIR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 87,721 shares of the company's stock, valued at approximately $1,272,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MIR. GAMMA Investing LLC raised its position in shares of Mirion Technologies by 2,310.3% in the 1st quarter. GAMMA Investing LLC now owns 7,279 shares of the company's stock valued at $106,000 after buying an additional 6,977 shares in the last quarter. US Bancorp DE increased its position in Mirion Technologies by 3,248.7% during the 4th quarter. US Bancorp DE now owns 6,262 shares of the company's stock worth $109,000 after purchasing an additional 6,075 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Mirion Technologies by 162.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company's stock worth $116,000 after purchasing an additional 4,120 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Mirion Technologies during the 4th quarter worth approximately $120,000. Finally, KBC Group NV increased its position in Mirion Technologies by 31.0% during the 1st quarter. KBC Group NV now owns 10,485 shares of the company's stock worth $152,000 after purchasing an additional 2,483 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Mirion Technologies Trading Up 3.0%

NYSE MIR traded up $0.60 on Wednesday, hitting $20.82. The company's stock had a trading volume of 2,416,752 shares, compared to its average volume of 2,151,432. The company has a quick ratio of 1.69, a current ratio of 2.23 and a debt-to-equity ratio of 0.44. Mirion Technologies, Inc. has a 1-year low of $9.11 and a 1-year high of $22.21. The company's 50-day moving average is $18.97 and its 200 day moving average is $16.70. The firm has a market cap of $4.83 billion, a PE ratio of -347.00 and a beta of 0.83.

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

Insider Transactions at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 500,000 shares of the company's stock in a transaction 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 sale, the director directly owned 61,287 shares of the company's stock, valued at approximately $1,099,488.78. This represents a 89.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

MIR has been the subject of a number of research analyst reports. Robert W. Baird upped their price objective on shares of Mirion Technologies from $20.00 to $22.00 and gave the stock an "outperform" rating in a research report on Wednesday. B. Riley lowered their price objective on shares of 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, Citigroup lowered their price objective on shares of Mirion Technologies from $20.00 to $17.00 and set a "buy" rating for the company in a research report on Monday, April 14th. 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 presently has a consensus rating of "Buy" and a consensus target price of $19.25.

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.