XTX Topco Ltd Acquires 46,716 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Key Points

• XTX Topco Ltd increased its holdings in Mirion Technologies by 207.1%, owning a total of 69,269 shares valued at approximately $1,004,000 as of the latest SEC filing.
• Institutional investors collectively own 78.51% of Mirion Technologies stock, indicating significant institutional interest and investment in the company.
• Mirion Technologies reported earnings of $0.11 per share for the last quarter, exceeding analysts’ expectations of $0.10, while revenue rose 7.6% year-over-year to $222.90 million.

XTX Topco Ltd raised its position in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 207.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,269 shares of the company's stock after buying an additional 46,716 shares during the quarter. XTX Topco Ltd's holdings in Mirion Technologies were worth $1,004,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Advisory Inc. acquired a new stake in shares of Mirion Technologies in the fourth quarter valued at about $66,520,000. Millennium Management LLC lifted its position in shares of Mirion Technologies by 100.6% in the 4th quarter. Millennium Management LLC now owns 3,105,374 shares of the company's stock worth $54,189,000 after purchasing an additional 1,557,077 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Mirion Technologies in the 4th quarter worth approximately $17,164,000. Lord Abbett & CO. LLC lifted its position in shares of Mirion Technologies by 70.7% in the 4th quarter. Lord Abbett & CO. LLC now owns 2,368,734 shares of the company's stock worth $41,334,000 after purchasing an additional 981,199 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Mirion Technologies by 3,556.6% in the 1st quarter. Victory Capital Management Inc. now owns 1,004,697 shares of the company's stock worth $14,568,000 after purchasing an additional 977,221 shares during the period. 78.51% of the stock is owned by institutional investors.

Mirion Technologies Stock Down 1.6%

Shares of MIR stock traded down $0.35 on Thursday, hitting $21.19. The stock had a trading volume of 916,843 shares, compared to its average volume of 2,549,274. The business has a 50 day moving average of $20.71 and a 200 day moving average of $17.34. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 705.67 and a beta of 0.83. Mirion Technologies, Inc. has a 12-month low of $9.11 and a 12-month high of $22.80. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.54 and a quick ratio of 1.69.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. Mirion Technologies had a return on equity of 6.57% and a net margin of 1.12%. The business had revenue of $222.90 million for the quarter, compared to analyst estimates of $216.78 million. During the same period in the prior year, the company earned $0.10 EPS. The company's quarterly revenue was up 7.6% compared to the same quarter last year. As a group, analysts expect that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a research report 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 report on Monday, July 14th. Finally, B. Riley reiterated a "buy" rating and issued a $22.00 price target (up previously from $17.00) on shares of Mirion Technologies in a report on Wednesday, July 23rd. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Mirion Technologies presently has a consensus rating of "Buy" and a consensus target price of $22.25.

Insider Activity

In related news, Director Lawrence D. Kingsley sold 500,000 shares of the 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 completion of the transaction, the director directly owned 61,287 shares in the company, valued at $1,099,488.78. This trade represents a 89.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.30% of the stock is currently owned by insiders.

Mirion Technologies Company 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.