TT International Asset Management LTD Makes New $904,000 Investment in Mirion Technologies, Inc. (NYSE:MIR)

TT International Asset Management LTD bought a new position in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 62,346 shares of the company's stock, valued at approximately $904,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in Mirion Technologies by 3,248.7% in the fourth quarter. US Bancorp DE now owns 6,262 shares of the company's stock valued at $109,000 after acquiring an additional 6,075 shares during the period. Tower Research Capital LLC TRC lifted its position in Mirion Technologies by 162.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company's stock worth $116,000 after acquiring an additional 4,120 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Mirion Technologies in the 4th quarter valued at approximately $120,000. GAMMA Investing LLC raised its holdings in Mirion Technologies by 2,310.3% during the first quarter. GAMMA Investing LLC now owns 7,279 shares of the company's stock worth $106,000 after purchasing an additional 6,977 shares during the last quarter. Finally, Corient Private Wealth LLC purchased a new position in Mirion Technologies in the fourth quarter valued at about $187,000. Hedge funds and other institutional investors own 78.51% of the company's stock.

Mirion Technologies Trading Up 0.5%

Shares of MIR stock opened at $19.65 on Friday. The firm has a 50 day moving average price of $17.30 and a two-hundred day moving average price of $16.45. 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 company has a market capitalization of $4.56 billion, a PE ratio of -327.42 and a beta of 0.80. Mirion Technologies, Inc. has a 12-month low of $9.11 and a 12-month high of $20.80.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.02. The company had revenue of $202.00 million during the quarter, compared to the consensus estimate of $199.34 million. Mirion Technologies had a negative net margin of 1.16% and a positive return on equity of 6.07%. The firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 earnings per share. As a group, analysts predict that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on MIR. Citigroup lowered their target price on Mirion Technologies from $20.00 to $17.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. B. Riley reduced their target price on 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 reduced their price objective on Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $18.75.

Insider Buying and Selling at Mirion Technologies

In related news, Director Lawrence D. Kingsley sold 500,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $17.94, for a total value of $8,970,000.00. Following the sale, the director now owns 61,287 shares in the company, valued at $1,099,488.78. This represents a 89.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.30% of the company's stock.

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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