Allspring Global Investments Holdings LLC Increases Holdings in Mirion Technologies, Inc. (NYSE:MIR)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR) by 14.5% during the first quarter, Holdings Channel reports. The firm owned 596,100 shares of the company’s stock after acquiring an additional 75,408 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Mirion Technologies were worth $8,554,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MIR. Arrowstreet Capital Limited Partnership increased its holdings in Mirion Technologies by 29,948.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,214,921 shares of the company’s stock valued at $73,550,000 after purchasing an additional 4,200,894 shares during the period. Brown Advisory Inc. purchased a new position in shares of Mirion Technologies during the 4th quarter worth approximately $66,520,000. William Blair Investment Management LLC purchased a new position in shares of Mirion Technologies during the 4th quarter worth approximately $53,066,000. Bornite Capital Management LP purchased a new position in shares of Mirion Technologies during the 4th quarter worth approximately $36,942,000. Finally, Millennium Management LLC grew its holdings in shares of Mirion Technologies by 100.6% during the 4th 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 during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Analyst Upgrades and Downgrades

MIR has been the topic of a number of research analyst reports. Citigroup reduced their target price on Mirion Technologies from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Robert W. Baird reduced their target price on Mirion Technologies from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. Finally, B. Riley reduced their target price on Mirion Technologies from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mirion Technologies has a consensus rating of “Buy” and a consensus target price of $18.75.

Insider Transactions at Mirion Technologies

In related news, Director Lawrence D. Kingsley sold 500,000 shares of the company’s stock in a transaction that occurred 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.30% of the company’s stock.

Mirion Technologies Stock Performance

Shares of MIR opened at $20.35 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.23 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average price is $18.67 and its 200-day moving average price is $16.65. Mirion Technologies, Inc. has a 52 week low of $9.11 and a 52 week high of $22.21. The stock has a market cap of $4.72 billion, a P/E ratio of -339.17 and a beta of 0.83.

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

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.