Mirion Technologies, Inc. (NYSE:MIR) Shares Purchased by Alberta Investment Management Corp

Key Points

• Alberta Investment Management Corp increased its stake in Mirion Technologies by 17.1%, owning 180,520 shares valued at $2.6 million, highlighting growing institutional interest in the company.
• Mirion Technologies reported a quarterly EPS of $0.11, exceeding estimates, with total revenue of $222.9 million, marking a 7.6% year-over-year increase.
• Several analysts have recently raised their price targets for Mirion Technologies, with a consensus rating of "Buy" and an average target price of $22.25.

Alberta Investment Management Corp boosted its holdings in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 17.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 180,520 shares of the company's stock after buying an additional 26,360 shares during the period. Alberta Investment Management Corp owned 0.08% of Mirion Technologies worth $2,618,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC lifted its stake in shares of Mirion Technologies by 1,026.3% in the 1st quarter. CWM LLC now owns 6,431 shares of the company's stock valued at $93,000 after purchasing an additional 5,860 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Mirion Technologies by 162.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company's stock valued at $116,000 after purchasing an additional 4,120 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Mirion Technologies by 2,310.3% in the 1st quarter. GAMMA Investing LLC now owns 7,279 shares of the company's stock valued at $106,000 after purchasing an additional 6,977 shares in the last quarter. KBC Group NV lifted its stake in shares of Mirion Technologies by 31.0% in the 1st quarter. KBC Group NV now owns 10,485 shares of the company's stock valued at $152,000 after purchasing an additional 2,483 shares in the last quarter. Finally, LPL Financial LLC acquired a new position in shares of Mirion Technologies in the 4th quarter valued at about $211,000. 78.51% of the stock is owned by institutional investors and hedge funds.

Mirion Technologies Stock Performance

Shares of NYSE:MIR opened at $19.91 on Friday. The company has a market cap of $4.62 billion, a P/E ratio of 663.67 and a beta of 0.83. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.69 and a current ratio of 2.23. Mirion Technologies, Inc. has a one year low of $9.11 and a one year high of $22.80. The business's 50-day simple moving average is $20.59 and its 200 day simple moving average is $17.24.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $222.90 million for the quarter, compared to the consensus estimate of $216.78 million. Mirion Technologies had a return on equity of 6.52% and a net margin of 1.12%. The company's revenue was up 7.6% on a year-over-year basis. During the same period last year, the business posted $0.10 EPS. On average, sell-side analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 500,000 shares of Mirion Technologies stock in a transaction that occurred 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 sale, the director directly owned 61,287 shares in the company, valued at $1,099,488.78. The trade was a 89.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MIR shares. Citigroup lifted their price objective on Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Robert W. Baird lifted their price objective on Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Finally, B. Riley reiterated a "buy" rating and set a $22.00 target price (up from $17.00) on shares of Mirion Technologies in a report on Wednesday, July 23rd. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Mirion Technologies currently has a consensus rating of "Buy" and an average target price of $22.25.

Mirion Technologies 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.

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