Emerald Advisers LLC Raises Stake in Mirion Technologies, Inc. (NYSE:MIR)

Emerald Advisers LLC lifted its position in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 44.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 880,089 shares of the company's stock after buying an additional 272,098 shares during the period. Emerald Advisers LLC owned approximately 0.38% of Mirion Technologies worth $12,761,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Xponance Inc. boosted its holdings in shares of Mirion Technologies by 5.7% in the 1st quarter. Xponance Inc. now owns 15,793 shares of the company's stock valued at $229,000 after acquiring an additional 851 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Mirion Technologies by 4.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,386 shares of the company's stock worth $338,000 after acquiring an additional 865 shares during the period. Principal Financial Group Inc. raised its position in Mirion Technologies by 14.9% during the first quarter. Principal Financial Group Inc. now owns 14,057 shares of the company's stock worth $204,000 after acquiring an additional 1,820 shares during the period. Swiss National Bank raised its position in Mirion Technologies by 0.5% during the fourth quarter. Swiss National Bank now owns 376,800 shares of the company's stock worth $6,575,000 after acquiring an additional 2,000 shares during the period. Finally, Summit Investment Advisors Inc. grew its holdings in shares of Mirion Technologies by 10.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 21,611 shares of the company's stock worth $377,000 after buying an additional 2,031 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. B. Riley dropped their target price 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. Robert W. Baird increased their target price on shares of Mirion Technologies from $20.00 to $22.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Citigroup reduced their price target on shares of Mirion Technologies from $20.00 to $17.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $19.25.

Mirion Technologies Stock Performance

Shares of MIR traded down $0.02 during mid-day trading on Friday, reaching $20.41. 1,440,811 shares of the company's stock were exchanged, compared to its average volume of 2,159,758. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.23 and a quick ratio of 1.69. The stock has a market capitalization of $4.73 billion, a PE ratio of -340.08 and a beta of 0.83. The business's fifty day simple moving average is $19.25 and its 200-day simple moving average is $16.76. Mirion Technologies, Inc. has a 52-week low of $9.11 and a 52-week high of $22.21.

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 for the quarter, beating analysts' consensus estimates of $0.08 by $0.02. Mirion Technologies had a negative net margin of 1.16% and a positive return on equity of 6.07%. The firm had revenue of $202.00 million for the quarter, compared to analyst estimates of $199.34 million. During the same period last year, the firm posted $0.06 EPS. Mirion Technologies's quarterly revenue was up 4.9% on a year-over-year basis. On average, equities research analysts expect that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Insider Buying and Selling

In other Mirion Technologies 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 value of $8,970,000.00. Following the completion of the sale, the director owned 61,287 shares of the company's stock, valued at approximately $1,099,488.78. This trade represents a 89.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.30% of the company's stock.

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.