Register Financial Advisors LLC Buys Shares of 29,300 Mirion Technologies, Inc. (NYSE:MIR)

Register Financial Advisors LLC purchased a new stake in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 29,300 shares of the company's stock, valued at approximately $425,000.

Other hedge funds have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its position in Mirion Technologies by 29,948.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,214,921 shares of the company's stock worth $73,550,000 after acquiring an additional 4,200,894 shares in the last quarter. Brown Advisory Inc. purchased a new position in Mirion Technologies in the fourth quarter worth $66,520,000. William Blair Investment Management LLC purchased a new position in Mirion Technologies in the fourth quarter worth $53,066,000. Bornite Capital Management LP purchased a new position in Mirion Technologies in the fourth quarter worth $36,942,000. Finally, Millennium Management LLC grew its position in Mirion Technologies by 100.6% in the fourth quarter. Millennium Management LLC now owns 3,105,374 shares of the company's stock worth $54,189,000 after acquiring an additional 1,557,077 shares in the last quarter. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Lawrence D. Kingsley sold 500,000 shares of Mirion Technologies 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 transaction, the director now directly owns 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MIR. Citigroup cut their target price on shares of Mirion Technologies from $20.00 to $17.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Robert W. Baird cut their price target on shares of Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Finally, B. Riley cut 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 equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Mirion Technologies presently has an average rating of "Buy" and an average target price of $18.75.

Mirion Technologies Trading Up 0.5%

Shares of Mirion Technologies stock traded up $0.10 during trading on Friday, reaching $19.65. 4,052,868 shares of the stock were exchanged, compared to its average volume of 1,997,651. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of -327.42 and a beta of 0.80. Mirion Technologies, Inc. has a 1 year low of $9.11 and a 1 year high of $20.80. The stock's fifty day moving average is $17.42 and its 200 day moving average is $16.46. The company has a quick ratio of 1.69, a current ratio of 2.23 and a debt-to-equity ratio of 0.44.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $202.00 million for the quarter, compared to analysts' expectations of $199.34 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. Mirion Technologies's quarterly revenue was up 4.9% on a year-over-year basis. As a group, equities research analysts expect that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal 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.