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

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

Several other institutional investors also recently bought and sold shares of MIR. Envestnet Asset Management Inc. increased its position in Mirion Technologies by 4.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,386 shares of the company's stock valued at $338,000 after acquiring an additional 865 shares during the last quarter. Swiss National Bank grew its position in Mirion Technologies by 0.5% during the fourth 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. Summit Investment Advisors Inc. raised its holdings in Mirion Technologies by 10.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 21,611 shares of the company's stock worth $377,000 after purchasing an additional 2,031 shares during the period. Xponance Inc. lifted its position in shares of Mirion Technologies by 15.9% during the 4th quarter. Xponance Inc. now owns 14,942 shares of the company's stock valued at $261,000 after buying an additional 2,048 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in shares of Mirion Technologies by 14.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 28,114 shares of the company's stock valued at $491,000 after acquiring an additional 3,496 shares during the period. 78.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MIR has been the subject of a number of recent analyst reports. B. Riley dropped 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. Robert W. Baird lowered their target price on shares of Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Finally, Citigroup reduced their price target on shares of Mirion Technologies from $20.00 to $17.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Four investment 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.com, Mirion Technologies has an average rating of "Buy" and an average price target of $18.75.

Mirion Technologies Trading Down 0.4%

Mirion Technologies stock traded down $0.09 during midday trading on Tuesday, reaching $20.26. The stock had a trading volume of 2,977,877 shares, compared to its average volume of 2,019,756. Mirion Technologies, Inc. has a 52-week low of $9.11 and a 52-week high of $21.51. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of -337.65 and a beta of 0.80. The company has a fifty day moving average of $17.55 and a 200 day moving average of $16.47. 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 issued its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. The business 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 business's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 EPS. On average, analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 500,000 shares of the company's 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.20% of the company's stock.

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.