Xponance Inc. Purchases 851 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Xponance Inc. raised its position in Mirion Technologies, Inc. (NYSE:MIR) by 5.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,793 shares of the company’s stock after acquiring an additional 851 shares during the quarter. Xponance Inc.’s holdings in Mirion Technologies were worth $229,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its position in Mirion Technologies by 162.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company’s stock worth $116,000 after buying an additional 4,120 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Mirion Technologies in the fourth quarter worth about $120,000. GAMMA Investing LLC increased its position in Mirion Technologies by 2,310.3% in the first quarter. GAMMA Investing LLC now owns 7,279 shares of the company’s stock worth $106,000 after buying an additional 6,977 shares in the last quarter. KBC Group NV increased its position in Mirion Technologies by 31.0% in the first quarter. KBC Group NV now owns 10,485 shares of the company’s stock worth $152,000 after buying an additional 2,483 shares in the last quarter. Finally, Corient Private Wealth LLC purchased a new stake in Mirion Technologies in the fourth quarter worth about $187,000. Institutional investors own 78.51% of the company’s stock.

Mirion Technologies Price Performance

Shares of MIR stock opened at $21.79 on Friday. Mirion Technologies, Inc. has a 52-week low of $9.11 and a 52-week high of $22.21. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.69 and a current ratio of 2.23. The firm has a market capitalization of $5.05 billion, a P/E ratio of -363.17 and a beta of 0.83. The stock has a 50 day moving average price of $19.76 and a 200 day moving average price of $16.89.

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

Wall Street Analyst Weigh In

MIR has been the subject of several research analyst reports. Robert W. Baird increased their target price on Mirion Technologies from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 9th. Citigroup increased their target price on Mirion Technologies from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, B. Riley cut their target price on Mirion Technologies from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $21.00.

Insiders Place Their Bets

In other news, Director Lawrence D. Kingsley sold 500,000 shares of the business’s stock in a transaction dated 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 transaction, the director owned 61,287 shares of the company’s stock, valued at $1,099,488.78. The trade was a 89.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.30% of the stock is currently owned by company insiders.

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.