TT International Asset Management LTD Buys 43,205 Shares of Mirion Technologies, Inc. $MIR

Key Points

• TT International Asset Management LTD increased its holdings in Mirion Technologies, Inc. by 69.3%, now owning 105,551 shares valued at approximately $2.27 million.
• CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies, amounting to nearly $6.93 million, reducing his ownership by 7.99%.
• Analysts have mixed views on Mirion Technologies, with Goldman Sachs raising its price target to $25.00 while other firms rate it between “buy” and “hold.”

TT International Asset Management LTD boosted its stake in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 69.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 105,551 shares of the company's stock after purchasing an additional 43,205 shares during the period. Mirion Technologies comprises about 0.4% of TT International Asset Management LTD's investment portfolio, making the stock its 28th biggest position. TT International Asset Management LTD's holdings in Mirion Technologies were worth $2,273,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Xponance Inc. lifted its position in Mirion Technologies by 5.7% during the first quarter. Xponance Inc. now owns 15,793 shares of the company's stock valued at $229,000 after purchasing an additional 851 shares in the last quarter. Principal Financial Group Inc. lifted its position in Mirion Technologies by 14.9% during the first quarter. Principal Financial Group Inc. now owns 14,057 shares of the company's stock valued at $204,000 after purchasing an additional 1,820 shares in the last quarter. KBC Group NV lifted its position in Mirion Technologies by 31.0% during the first 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. Arizona State Retirement System lifted its position in Mirion Technologies by 4.7% during the first quarter. Arizona State Retirement System now owns 58,214 shares of the company's stock valued at $844,000 after purchasing an additional 2,608 shares in the last quarter. Finally, AlphaQuest LLC lifted its position in Mirion Technologies by 360,400.0% during the first quarter. AlphaQuest LLC now owns 3,605 shares of the company's stock valued at $52,000 after purchasing an additional 3,604 shares in the last quarter. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Mirion Technologies Price Performance

Shares of MIR stock traded up $0.10 during trading hours on Monday, hitting $24.54. The stock had a trading volume of 2,818,712 shares, compared to its average volume of 5,593,990. Mirion Technologies, Inc. has a one year low of $10.30 and a one year high of $24.94. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.54 and a quick ratio of 2.01. The stock's 50-day moving average price is $21.63 and its two-hundred day moving average price is $18.68. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 818.07 and a beta of 0.82.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. Mirion Technologies had a return on equity of 6.57% and a net margin of 1.12%.The firm had revenue of $222.90 million for the quarter, compared to analysts' expectations of $216.78 million. During the same period in the previous year, the firm posted $0.10 earnings per share. The business's revenue was up 7.6% compared to the same quarter last year. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Equities analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Insider Activity

In other Mirion Technologies news, CEO Thomas D. Logan sold 325,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $21.31, for a total transaction of $6,925,750.00. Following the sale, the chief executive officer directly owned 3,742,305 shares of the company's stock, valued at $79,748,519.55. The trade was a 7.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MIR. B. Riley reiterated a "buy" rating and set a $22.00 target price (up from $17.00) on shares of Mirion Technologies in a research report on Wednesday, July 23rd. Northland Securities began coverage on Mirion Technologies in a report on Monday, August 25th. They set an "outperform" rating and a $26.00 price target on the stock. Northland Capmk raised Mirion Technologies to a "strong-buy" rating in a report on Sunday, August 24th. Citigroup raised their price target on Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Robert W. Baird raised their price target on Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $23.80.

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.