Teacher Retirement System of Texas Raises Stock Position in Mirion Technologies, Inc. (NYSE:MIR)

Teacher Retirement System of Texas grew its holdings in Mirion Technologies, Inc. (NYSE:MIR) by 86.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,565 shares of the company’s stock after acquiring an additional 13,733 shares during the period. Teacher Retirement System of Texas’ holdings in Mirion Technologies were worth $429,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MIR. KBC Group NV increased its holdings in Mirion Technologies by 31.0% in the 1st quarter. KBC Group NV now owns 10,485 shares of the company’s stock valued at $152,000 after acquiring an additional 2,483 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Mirion Technologies during the 4th quarter valued at about $480,000. Legal & General Group Plc lifted its holdings in Mirion Technologies by 5.1% during the 4th quarter. Legal & General Group Plc now owns 219,698 shares of the company’s stock valued at $3,834,000 after buying an additional 10,673 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in Mirion Technologies during the 4th quarter valued at about $1,628,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Mirion Technologies by 30.6% in the 4th quarter. Wells Fargo & Company MN now owns 294,798 shares of the company’s stock valued at $5,144,000 after purchasing an additional 69,030 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on MIR. B. Riley reduced their price objective on shares of Mirion Technologies from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Robert W. Baird increased their price target on shares of Mirion Technologies from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, July 9th. Finally, Citigroup upped their price objective on shares of Mirion Technologies from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $21.00.

Insider Activity at Mirion Technologies

In other Mirion Technologies 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.30% of the stock is owned by corporate insiders.

Mirion Technologies Stock Up 2.1%

MIR stock opened at $21.74 on Friday. The company’s 50 day moving average is $19.54 and its two-hundred day moving average is $16.83. The stock has a market cap of $5.04 billion, a P/E ratio of -362.27 and a beta of 0.83. Mirion Technologies, Inc. has a twelve month low of $9.11 and a twelve month high of $22.21. The company has a current ratio of 2.23, a quick ratio of 1.69 and a debt-to-equity ratio of 0.44.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data 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 firm had revenue of $202.00 million for the quarter, compared to analyst estimates of $199.34 million. Mirion Technologies had a negative net margin of 1.16% and a positive return on equity of 6.07%. Mirion Technologies’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.06 EPS. Research analysts expect that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

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.