American Century Companies Inc. Purchases 1,047,781 Shares of Mirion Technologies, Inc. $MIR

Key Points

• American Century Companies Inc. has increased its stake in Mirion Technologies by 43.9%, acquiring an additional 1,047,781 shares, bringing its total ownership to approximately 1.48% of the company valued at about $49.78 million.
• Several institutional investors have also significantly increased their positions in Mirion Technologies, with CWM LLC raising its stake by 1,026.3% in the first quarter.
• Analysts are generally bullish on Mirion Technologies, with a consensus rating of "Buy" and an average price target of $22.25, following a positive earnings report that exceeded analysts' expectations.

American Century Companies Inc. increased its position in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 43.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,432,814 shares of the company's stock after purchasing an additional 1,047,781 shares during the period. American Century Companies Inc. owned about 1.48% of Mirion Technologies worth $49,776,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC increased its position in shares of Mirion Technologies by 1,026.3% during the first quarter. CWM LLC now owns 6,431 shares of the company's stock valued at $93,000 after purchasing an additional 5,860 shares during the period. GAMMA Investing LLC grew its position in Mirion Technologies by 2,310.3% in the first quarter. GAMMA Investing LLC now owns 7,279 shares of the company's stock valued at $106,000 after acquiring an additional 6,977 shares during the period. Tower Research Capital LLC TRC grew its position in Mirion Technologies by 162.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company's stock valued at $116,000 after acquiring an additional 4,120 shares during the period. KBC Group NV grew its position in Mirion Technologies by 31.0% in the first quarter. KBC Group NV now owns 10,485 shares of the company's stock valued at $152,000 after acquiring an additional 2,483 shares during the period. Finally, Principal Financial Group Inc. grew its position in Mirion Technologies by 14.9% in the first quarter. Principal Financial Group Inc. now owns 14,057 shares of the company's stock valued at $204,000 after acquiring an additional 1,820 shares during the period. 78.51% of the stock is currently owned by institutional investors.

Mirion Technologies Price Performance

Mirion Technologies stock opened at $19.7180 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.01 and a current ratio of 2.54. The firm has a market cap of $4.61 billion, a P/E ratio of 657.27 and a beta of 0.83. The business's fifty day moving average is $20.97 and its two-hundred day moving average is $17.63. Mirion Technologies, Inc. has a 52 week low of $9.11 and a 52 week high of $22.80.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. The company had revenue of $222.90 million for the quarter, compared to analyst estimates of $216.78 million. Mirion Technologies had a return on equity of 6.57% and a net margin of 1.12%.The business's revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 earnings per share. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Equities research analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MIR. B. Riley reiterated a "buy" rating and issued a $22.00 price target (up from $17.00) on shares of Mirion Technologies in a research report on Wednesday, July 23rd. Wall Street Zen cut Mirion Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Robert W. Baird upped their price target on Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Finally, Citigroup upped their price target on Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $22.25.

Insider Buying and Selling

In other Mirion Technologies news, CEO Thomas D. Logan sold 325,000 shares of the business's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $21.31, for a total value of $6,925,750.00. Following the transaction, the chief executive officer owned 3,742,305 shares of the company's stock, valued at approximately $79,748,519.55. The trade was a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.20% of the company's stock.

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.

Want to see what other hedge funds are holding MIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mirion Technologies, Inc. (NYSE:MIR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.