Artemis Investment Management LLP Raises Stake in Mirion Technologies, Inc. (NYSE:MIR)

Artemis Investment Management LLP boosted its position in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 37.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,998,435 shares of the company's stock after purchasing an additional 811,882 shares during the period. Artemis Investment Management LLP owned approximately 1.29% of Mirion Technologies worth $43,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. GAMMA Investing LLC increased its stake in Mirion Technologies by 2,310.3% in the 1st quarter. GAMMA Investing LLC now owns 7,279 shares of the company's stock worth $106,000 after buying an additional 6,977 shares during the period. US Bancorp DE increased its position in shares of Mirion Technologies by 3,248.7% during the fourth quarter. US Bancorp DE now owns 6,262 shares of the company's stock worth $109,000 after acquiring an additional 6,075 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Mirion Technologies by 162.9% during 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 in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Mirion Technologies in the fourth quarter valued at approximately $120,000. Finally, Corient Private Wealth LLC bought a new position in Mirion Technologies in the fourth quarter worth approximately $187,000. Hedge funds and other institutional investors own 78.51% of the company's stock.

Insider Transactions at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 500,000 shares of the company's stock in a transaction dated 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 transaction, the director now owns 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 legal filing with the SEC, which is available through this hyperlink. Insiders own 2.20% of the company's stock.

Mirion Technologies Stock Down 0.6%

MIR traded down $0.12 on Monday, hitting $21.59. The company had a trading volume of 2,386,516 shares, compared to its average volume of 2,088,247. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of -359.83 and a beta of 0.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.69 and a current ratio of 2.23. The stock has a fifty day moving average price of $18.15 and a 200-day moving average price of $16.57. Mirion Technologies, Inc. has a 12-month low of $9.11 and a 12-month high of $23.87.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, topping the consensus estimate 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 negative net margin of 1.16% and a positive return on equity of 6.07%. Mirion Technologies's revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 EPS. Analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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