Envestnet Asset Management Inc. Buys 158,582 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Envestnet Asset Management Inc. boosted its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 818.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 177,968 shares of the company’s stock after purchasing an additional 158,582 shares during the period. Envestnet Asset Management Inc. owned about 0.08% of Mirion Technologies worth $2,581,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Mirion Technologies by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 23,909,802 shares of the company’s stock worth $417,226,000 after acquiring an additional 227,178 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of Mirion Technologies by 1.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 20,388,146 shares of the company’s stock worth $355,774,000 after purchasing an additional 216,258 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Mirion Technologies by 2.8% in the fourth quarter. Janus Henderson Group PLC now owns 8,330,495 shares of the company’s stock worth $145,367,000 after purchasing an additional 229,718 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Mirion Technologies by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,185,694 shares of the company’s stock worth $125,391,000 after purchasing an additional 171,918 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Mirion Technologies by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 4,571,828 shares of the company’s stock valued at $79,796,000 after acquiring an additional 69,373 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

Mirion Technologies Stock Up 1.7%

Shares of Mirion Technologies stock opened at $22.32 on Tuesday. The firm’s 50 day moving average price is $20.30 and its 200-day moving average price is $17.10. 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, Inc. has a 52-week low of $9.11 and a 52-week high of $22.68. The company has a market cap of $5.18 billion, a P/E ratio of -372.00 and a beta of 0.83.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $199.34 million. Mirion Technologies had a negative net margin of 1.16% and a positive return on equity of 6.07%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 EPS. On average, sell-side analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Robert W. Baird raised their target price on shares of Mirion Technologies from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, July 9th. Citigroup raised their target price on shares of Mirion Technologies from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Finally, B. Riley reaffirmed a “buy” rating and set a $22.00 target price (up from $17.00) on shares of Mirion Technologies in a research note on Wednesday, July 23rd. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $22.25.

Insider Buying and Selling

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 500,000 shares of Mirion Technologies stock in a transaction that occurred on Wednesday, May 21st. The shares were 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 directly owned 61,287 shares in the company, valued at approximately $1,099,488.78. The trade was a 89.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

Mirion Technologies 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.