Ameriprise Financial Inc. Purchases Shares of 93,322 Mirion Technologies, Inc. (NYSE:MIR)

Ameriprise Financial Inc. purchased a new position in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 93,322 shares of the company's stock, valued at approximately $1,628,000.

Several other institutional investors have also recently made changes to their positions in MIR. Barclays PLC grew its position in Mirion Technologies by 325.0% in the third quarter. Barclays PLC now owns 307,680 shares of the company's stock worth $3,405,000 after acquiring an additional 235,288 shares during the period. KBC Group NV lifted its stake in shares of Mirion Technologies by 39.2% in the 4th quarter. KBC Group NV now owns 8,002 shares of the company's stock valued at $140,000 after purchasing an additional 2,254 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Mirion Technologies by 10.5% during the 4th quarter. Jennison Associates LLC now owns 514,314 shares of the company's stock worth $8,975,000 after purchasing an additional 48,761 shares during the period. Longboard Asset Management LP purchased a new position in shares of Mirion Technologies during the 4th quarter worth $202,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Mirion Technologies by 1,532.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 520,692 shares of the company's stock worth $8,810,000 after purchasing an additional 488,790 shares during the last quarter. Hedge funds and other institutional investors own 78.51% of the company's stock.

Insider Activity

In related news, Director Lawrence D. Kingsley sold 500,000 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 61,287 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.30% of the company's stock.

Mirion Technologies Stock Up 1.0%

Shares of MIR traded up $0.19 during mid-day trading on Wednesday, hitting $19.60. 1,852,087 shares of the company's stock were exchanged, compared to its average volume of 1,892,928. The stock's 50-day moving average is $15.83 and its 200-day moving average is $16.15. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. Mirion Technologies, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $19.71. The company has a market cap of $4.55 billion, a price-to-earnings ratio of -103.16 and a beta of 0.74.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. Mirion Technologies had a negative net margin of 4.21% and a positive return on equity of 4.78%. The firm had revenue of $202.00 million for the quarter, compared to the consensus estimate of $199.34 million. During the same period in the prior year, the firm earned $0.06 EPS. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. On average, sell-side analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on MIR. Citigroup lowered their target price 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. 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, Robert W. Baird dropped their target price on shares of Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Mirion Technologies currently has an average 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.