Allspring Global Investments Holdings LLC Has $8.55 Million Holdings in Mirion Technologies, Inc. (NYSE:MIR)

Allspring Global Investments Holdings LLC lifted its position in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 14.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 596,100 shares of the company's stock after acquiring an additional 75,408 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.26% of Mirion Technologies worth $8,554,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new position in Mirion Technologies in the 4th quarter valued at approximately $480,000. Legal & General Group Plc lifted its stake in Mirion Technologies by 5.1% in the 4th quarter. Legal & General Group Plc now owns 219,698 shares of the company's stock valued at $3,834,000 after purchasing an additional 10,673 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Mirion Technologies by 2.0% in the 4th quarter. Bank of New York Mellon Corp now owns 661,429 shares of the company's stock valued at $11,542,000 after purchasing an additional 13,248 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Mirion Technologies by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,599,211 shares of the company's stock valued at $27,906,000 after purchasing an additional 39,635 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Mirion Technologies in the 4th quarter valued at approximately $17,164,000. Institutional investors own 78.51% of the company's stock.

Insider Activity

In other news, Director Lawrence D. Kingsley sold 500,000 shares of the stock in a transaction on Wednesday, May 21st. The shares were 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 in the company, valued at $1,099,488.78. This represents a 89.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.20% of the company's stock.

Mirion Technologies Trading Down 0.3%

Shares of MIR stock traded down $0.07 during trading hours on Friday, hitting $20.35. 2,126,253 shares of the company's stock traded hands, compared to its average volume of 2,133,712. The stock's 50 day simple moving average is $18.77 and its 200 day simple moving average is $16.66. The stock has a market cap of $4.72 billion, a PE ratio of 53.10 and a beta of 0.83. Mirion Technologies, Inc. has a 12 month low of $9.11 and a 12 month high of $22.21. 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 released 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. The firm had revenue of $202.00 million during the quarter, compared to the consensus estimate of $199.34 million. Mirion Technologies had a negative net margin of 1.16% and a positive return on equity of 6.07%. The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share. On average, sell-side analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

MIR has been the subject of several research reports. B. Riley dropped 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 note on Wednesday, April 16th. Citigroup dropped 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 note on Monday, April 14th. Finally, Robert W. Baird dropped their price objective on shares of Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mirion Technologies currently has a consensus rating of "Buy" and a consensus price target of $18.75.

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.