Emerald Mutual Fund Advisers Trust Has $7.35 Million Holdings in Mirion Technologies, Inc. (NYSE:MIR)

Emerald Mutual Fund Advisers Trust increased its position in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 123.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 507,116 shares of the company's stock after purchasing an additional 280,437 shares during the period. Emerald Mutual Fund Advisers Trust owned about 0.22% of Mirion Technologies worth $7,353,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MIR. Bank of New York Mellon Corp boosted its stake in shares of Mirion Technologies by 2.0% during the 4th quarter. Bank of New York Mellon Corp now owns 661,429 shares of the company's stock valued at $11,542,000 after buying an additional 13,248 shares during the period. US Bancorp DE boosted its stake 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 valued at $109,000 after buying an additional 6,075 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Mirion Technologies by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,599,211 shares of the company's stock valued at $27,906,000 after buying an additional 39,635 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Mirion Technologies during the 4th quarter valued at $17,164,000. Finally, Swiss National Bank boosted its stake in shares of Mirion Technologies by 0.5% during the 4th quarter. Swiss National Bank now owns 376,800 shares of the company's stock valued at $6,575,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 78.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MIR. Citigroup raised their price target on shares of Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a report on Monday. B. Riley cut their price target on shares of Mirion Technologies from $19.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Robert W. Baird raised their price target on shares of Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $21.00.

Insider Buying and Selling at Mirion Technologies

In related news, Director Lawrence D. Kingsley sold 500,000 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the director directly owned 61,287 shares of the company's stock, valued at $1,099,488.78. The trade was a 89.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 6.30% of the stock is currently owned by company insiders.

Mirion Technologies Price Performance

NYSE:MIR traded down $0.02 on Tuesday, reaching $20.76. The stock had a trading volume of 1,418,137 shares, compared to its average volume of 2,154,745. The company has a market capitalization of $4.82 billion, a P/E ratio of -346.03 and a beta of 0.83. Mirion Technologies, Inc. has a 1-year low of $9.11 and a 1-year high of $22.21. The company has a quick ratio of 1.69, a current ratio of 2.23 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average price of $19.25 and a 200-day moving average price of $16.75.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.02. The firm had revenue of $202.00 million for 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%. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share. Research analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

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.