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

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

A number of other hedge funds have also recently modified their holdings of the stock. Vontobel Holding Ltd. purchased a new stake in shares of Mirion Technologies in the first quarter worth about $868,000. KBC Group NV boosted its stake in shares of Mirion Technologies by 31.0% in the first quarter. KBC Group NV now owns 10,485 shares of the company's stock worth $152,000 after buying an additional 2,483 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Mirion Technologies by 14.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 596,100 shares of the company's stock worth $8,554,000 after purchasing an additional 75,408 shares during the period. Artemis Investment Management LLP raised its holdings in Mirion Technologies by 37.1% in the 1st quarter. Artemis Investment Management LLP now owns 2,998,435 shares of the company's stock worth $43,477,000 after purchasing an additional 811,882 shares during the period. Finally, TT International Asset Management LTD acquired a new position in Mirion Technologies in the 1st quarter worth about $904,000. Hedge funds and other institutional investors own 78.51% of the company's stock.

Mirion Technologies Price Performance

Shares of Mirion Technologies stock traded down $0.48 during mid-day trading on Tuesday, reaching $20.24. 2,463,720 shares of the stock traded hands, compared to its average volume of 2,144,281. The business has a 50-day moving average of $18.88 and a 200 day moving average of $16.68. Mirion Technologies, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $22.21. The stock has a market capitalization of $4.69 billion, a PE ratio of -337.33 and a beta of 0.83. 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 (NYSE:MIR - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, beating 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 business had revenue of $202.00 million during the quarter, compared to analysts' expectations of $199.34 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The business's revenue was up 4.9% compared to the same quarter last year. On average, analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MIR shares. Citigroup reduced their price target on Mirion Technologies from $20.00 to $17.00 and set a "buy" rating for the company in a report on Monday, April 14th. B. Riley reduced their price target on Mirion Technologies from $19.00 to $17.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Robert W. Baird reduced their price target on Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $18.75.

Insider Activity at Mirion Technologies

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 500,000 shares of the stock in a transaction that occurred on 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 transaction, the director owned 61,287 shares of the company's stock, valued at $1,099,488.78. This represents a 89.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is owned by insiders.

About Mirion Technologies

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.