Mirion Technologies, Inc. (NYSE:MIR) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its position in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 14.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 596,100 shares of the company's stock after purchasing 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 SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of Mirion Technologies by 29,948.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,214,921 shares of the company's stock valued at $73,550,000 after buying an additional 4,200,894 shares during the period. Brown Advisory Inc. purchased a new stake in shares of Mirion Technologies during the 4th quarter valued at about $66,520,000. William Blair Investment Management LLC purchased a new stake in shares of Mirion Technologies during the 4th quarter valued at about $53,066,000. Bornite Capital Management LP purchased a new stake in shares of Mirion Technologies during the 4th quarter valued at about $36,942,000. Finally, Millennium Management LLC raised its holdings 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 valued at $54,189,000 after buying an additional 1,557,077 shares during the period. 78.51% of the stock is owned by institutional investors and hedge funds.

Mirion Technologies Stock Down 2.3%

MIR stock traded down $0.48 during midday trading on Tuesday, hitting $20.24. 2,463,720 shares of the company's stock were exchanged, compared to its average volume of 2,144,281. The company has a current ratio of 2.23, a quick ratio of 1.69 and a debt-to-equity ratio of 0.44. Mirion Technologies, Inc. has a 12-month low of $9.11 and a 12-month high of $22.21. The firm has a 50 day moving average price of $18.88 and a 200-day moving average price of $16.68. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of -337.33 and a beta of 0.83.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $199.34 million. During the same period in the previous year, the business earned $0.06 EPS. Mirion Technologies's revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Insider Activity at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 500,000 shares of Mirion Technologies stock in a transaction that occurred on Wednesday, May 21st. The stock was 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 in the company, valued at approximately $1,099,488.78. This trade represents a 89.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Robert W. Baird dropped their target price on Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. B. Riley dropped their target price on Mirion Technologies from $19.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Citigroup dropped their target price on Mirion Technologies from $20.00 to $17.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $18.75.

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.