Swiss National Bank Purchases 16,400 Shares of Mirion Technologies, Inc. $MIR

Swiss National Bank boosted its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 4.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 393,200 shares of the company’s stock after buying an additional 16,400 shares during the period. Swiss National Bank owned approximately 0.17% of Mirion Technologies worth $5,701,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. raised its holdings in Mirion Technologies by 1.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 20,388,146 shares of the company’s stock valued at $355,774,000 after buying an additional 216,258 shares during the period. Janus Henderson Group PLC increased its stake in 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 during the period. Dimensional Fund Advisors LP grew its position in shares of Mirion Technologies by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,185,694 shares of the company’s stock worth $125,391,000 after buying an additional 171,918 shares in the last quarter. Brown Advisory Inc. grew its stake in Mirion Technologies by 45.9% in the first quarter. Brown Advisory Inc. now owns 5,560,461 shares of the company’s stock valued at $80,627,000 after purchasing an additional 1,748,437 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in Mirion Technologies by 100.6% in the fourth quarter. Millennium Management LLC now owns 3,105,374 shares of the company’s stock worth $54,189,000 after acquiring an additional 1,557,077 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wall Street Zen downgraded Mirion Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. 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 note on Wednesday, July 9th. B. Riley reaffirmed a “buy” rating and issued a $22.00 price target (up previously from $17.00) on shares of Mirion Technologies in a research report on Wednesday, July 23rd. Finally, Citigroup raised 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. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $22.25.

Insider Buying and Selling

In related news, CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies stock in a transaction on Monday, August 11th. The stock was sold at an average price of $21.31, for a total transaction of $6,925,750.00. Following the completion of the transaction, the chief executive officer directly owned 3,742,305 shares of the company’s stock, valued at approximately $79,748,519.55. The trade was a 7.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lawrence D. Kingsley sold 500,000 shares of Mirion Technologies 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 transaction, the director directly owned 61,287 shares of the company’s stock, valued at approximately $1,099,488.78. This represents a 89.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

Mirion Technologies Trading Down 0.3%

Shares of MIR stock opened at $20.49 on Tuesday. The business’s 50 day moving average is $20.97 and its two-hundred day moving average is $17.62. Mirion Technologies, Inc. has a twelve month low of $9.11 and a twelve month high of $22.80. The company has a market capitalization of $4.79 billion, a P/E ratio of 682.97 and a beta of 0.83. The company has a current ratio of 2.54, a quick ratio of 2.01 and a debt-to-equity ratio of 0.55.

Mirion Technologies (NYSE:MIR) last announced its earnings results on Thursday, July 31st. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. Mirion Technologies had a return on equity of 6.57% and a net margin of 1.12%. The company had revenue of $222.90 million for the quarter, compared to the consensus estimate of $216.78 million. During the same period last year, the business posted $0.10 EPS. The company’s revenue was up 7.6% on a year-over-year basis. Equities analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

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.