Ameriprise Financial Inc. Invests $1.63 Million in Mirion Technologies, Inc. (NYSE:MIR)

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

Other institutional investors and hedge funds have also made changes to their positions in the company. US Bancorp DE raised its position in shares of Mirion Technologies by 3,248.7% during the 4th quarter. US Bancorp DE now owns 6,262 shares of the company's stock worth $109,000 after purchasing an additional 6,075 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Mirion Technologies by 162.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company's stock worth $116,000 after purchasing an additional 4,120 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Mirion Technologies during the 4th quarter worth approximately $120,000. KBC Group NV increased its position in 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 acquiring an additional 2,254 shares during the period. Finally, Corient Private Wealth LLC acquired a new stake in Mirion Technologies in the 4th quarter valued at approximately $187,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Mirion Technologies Price Performance

NYSE MIR traded up $0.15 on Monday, reaching $19.25. 2,114,589 shares of the stock traded hands, compared to its average volume of 1,877,095. The firm's fifty day simple moving average is $15.65 and its 200 day simple moving average is $16.10. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. The company has a market cap of $4.46 billion, a price-to-earnings ratio of -101.29 and a beta of 0.74. Mirion Technologies, Inc. has a 12 month low of $9.11 and a 12 month high of $19.70.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.02. The firm had revenue of $202.00 million during the quarter, compared to analyst estimates of $199.34 million. Mirion Technologies had a positive return on equity of 4.78% and a negative net margin of 4.21%. The firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. As a group, research analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 500,000 shares of the firm's stock in a transaction 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 sale, the director now directly owns 61,287 shares of the company's stock, valued at $1,099,488.78. This trade represents a 89.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.30% of the stock is currently owned by corporate insiders.

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.