Mirion Technologies, Inc. (NYSE:MIR) Position Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 3,556.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,004,697 shares of the company's stock after buying an additional 977,221 shares during the quarter. Victory Capital Management Inc. owned approximately 0.43% of Mirion Technologies worth $14,568,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MIR. Corient Private Wealth LLC purchased a new stake in Mirion Technologies in the 4th quarter valued at approximately $187,000. Xponance Inc. lifted its stake in shares of Mirion Technologies by 15.9% during the 4th quarter. Xponance Inc. now owns 14,942 shares of the company's stock worth $261,000 after purchasing an additional 2,048 shares during the period. Sei Investments Co. purchased a new position in shares of Mirion Technologies during the 4th quarter worth $3,279,000. KLP Kapitalforvaltning AS purchased a new position in shares of Mirion Technologies during the 4th quarter worth $654,000. Finally, LPL Financial LLC purchased a new position in shares of Mirion Technologies during the 4th quarter worth $211,000. Hedge funds and other institutional investors own 78.51% of the company's stock.

Mirion Technologies Trading Up 0.9%

Shares of MIR stock traded up $0.19 on Friday, reaching $21.94. 1,384,924 shares of the stock were exchanged, compared to its average volume of 2,813,753. The stock has a market cap of $5.09 billion, a P/E ratio of -365.72 and a beta of 0.83. 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 firm has a 50 day moving average of $20.20 and a two-hundred day moving average of $17.05. Mirion Technologies, Inc. has a 1-year low of $9.11 and a 1-year high of $22.22.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Robert W. Baird increased their price target on Mirion Technologies from $20.00 to $22.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Citigroup increased their price target on Mirion Technologies from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, B. Riley reissued a "buy" rating and set a $22.00 price target (up previously from $17.00) on shares of Mirion Technologies in a research note on Wednesday. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $22.25.

Insider Transactions at Mirion Technologies

In related 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 value of $8,970,000.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.30% 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.