Mirion Technologies, Inc. (NYSE:MIR) Holdings Raised by Emerald Advisers LLC

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

A number of other institutional investors and hedge funds also recently modified their holdings of MIR. Vanguard Group Inc. raised its holdings in Mirion Technologies by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 23,909,802 shares of the company's stock valued at $417,226,000 after buying an additional 227,178 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in Mirion Technologies by 1.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 20,388,146 shares of the company's stock valued at $355,774,000 after buying an additional 216,258 shares during the period. Janus Henderson Group PLC raised its holdings in Mirion Technologies by 2.8% in the fourth quarter. Janus Henderson Group PLC now owns 8,330,495 shares of the company's stock valued at $145,367,000 after buying an additional 229,718 shares during the period. Dimensional Fund Advisors LP raised its holdings in Mirion Technologies by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,185,694 shares of the company's stock valued at $125,391,000 after buying an additional 171,918 shares during the period. Finally, Brown Advisory Inc. raised its holdings in Mirion Technologies by 45.9% in the first quarter. Brown Advisory Inc. now owns 5,560,461 shares of the company's stock valued at $80,627,000 after buying an additional 1,748,437 shares during the period. Institutional investors and hedge funds own 78.51% of the company's stock.

Mirion Technologies Stock Performance

MIR traded up $0.57 during trading hours on Wednesday, hitting $21.31. 2,528,005 shares of the stock were exchanged, compared to its average volume of 2,159,509. The stock has a 50-day simple moving average of $19.44 and a 200-day simple moving average of $16.80. Mirion Technologies, Inc. has a 12 month low of $9.11 and a 12 month high of $22.21. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of -355.15 and a beta of 0.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.23 and a quick ratio of 1.69.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. The firm had revenue of $202.00 million for the quarter, compared to analysts' expectations of $199.34 million. Mirion Technologies had a positive return on equity of 6.07% and a negative net margin of 1.16%. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the business posted $0.06 earnings per share. Analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Citigroup lifted their price objective on shares of Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Monday. Finally, B. Riley decreased their price target 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. Four research analysts have rated the stock with a buy rating and one has issued a strong 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 $21.00.

Insider Transactions at Mirion Technologies

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 sale, the director directly owned 61,287 shares in the company, 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 filing with the SEC, which can be accessed through this link. Insiders own 2.20% of the company's stock.

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.