Teacher Retirement System of Texas Grows Position in Mirion Technologies, Inc. (NYSE:MIR)

Teacher Retirement System of Texas lifted its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 86.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,565 shares of the company's stock after buying an additional 13,733 shares during the quarter. Teacher Retirement System of Texas' holdings in Mirion Technologies were worth $429,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its position in shares of Mirion Technologies by 29,948.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,214,921 shares of the company's stock worth $73,550,000 after purchasing an additional 4,200,894 shares in the last quarter. Brown Advisory Inc. acquired a new position in Mirion Technologies in the 4th quarter valued at $66,520,000. Bornite Capital Management LP acquired a new position in Mirion Technologies in the 4th quarter valued at $36,942,000. Millennium Management LLC raised its stake in Mirion Technologies by 100.6% in the 4th quarter. Millennium Management LLC now owns 3,105,374 shares of the company's stock valued at $54,189,000 after purchasing an additional 1,557,077 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Mirion Technologies in the 4th quarter valued at $17,164,000. 78.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Robert W. Baird increased 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. Citigroup increased 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. Finally, B. Riley reduced their price objective on Mirion Technologies from $19.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $21.00.

Mirion Technologies Trading Up 0.3%

NYSE:MIR traded up $0.06 during trading hours on Friday, hitting $21.79. The company had a trading volume of 1,873,969 shares, compared to its average volume of 2,163,654. The company has a current ratio of 2.23, a quick ratio of 1.69 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average of $19.65 and a 200 day moving average of $16.86. The company has a market cap of $5.05 billion, a P/E ratio of -363.17 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.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its 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. The company had revenue of $202.00 million during 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 quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 EPS. Sell-side analysts expect that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Insider Transactions at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 500,000 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 61,287 shares in the company, valued at approximately $1,099,488.78. This represents a 89.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.30% of the stock is currently owned by insiders.

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.