Artemis Investment Management LLP Makes New $38.16 Million Investment in Mirion Technologies, Inc. (NYSE:MIR)

Artemis Investment Management LLP bought a new stake in Mirion Technologies, Inc. (NYSE:MIR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,186,553 shares of the company’s stock, valued at approximately $38,155,000. Artemis Investment Management LLP owned approximately 0.94% of Mirion Technologies as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in Mirion Technologies by 20.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,111,933 shares of the company’s stock valued at $65,642,000 after acquiring an additional 1,031,966 shares in the last quarter. State Street Corp raised its holdings in shares of Mirion Technologies by 2.7% in the third quarter. State Street Corp now owns 5,365,728 shares of the company’s stock valued at $59,399,000 after purchasing an additional 138,648 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Mirion Technologies by 3.4% during the third quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company’s stock valued at $49,851,000 after purchasing an additional 147,408 shares in the last quarter. Corsair Capital Management L.P. boosted its holdings in Mirion Technologies by 83.9% during the third quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company’s stock worth $34,991,000 after purchasing an additional 1,441,846 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC grew its position in Mirion Technologies by 8.7% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,000,060 shares of the company’s stock worth $33,211,000 after purchasing an additional 241,334 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Stock Up 1.7 %

NYSE:MIR opened at $16.53 on Friday. The business has a fifty day simple moving average of $16.90 and a two-hundred day simple moving average of $13.40. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55. Mirion Technologies, Inc. has a 1 year low of $9.11 and a 1 year high of $18.81.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $206.80 million during the quarter, compared to analysts’ expectations of $203.67 million. Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $0.03 EPS. On average, analysts anticipate that Mirion Technologies, Inc. will post 0.33 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Robert W. Baird began coverage on shares of Mirion Technologies in a research report on Thursday, December 19th. They set an “outperform” rating and a $22.00 target price on the stock. B. Riley initiated coverage on Mirion Technologies in a report on Thursday, September 26th. They set a “buy” rating and a $14.00 price target on the stock. The Goldman Sachs Group upped their price objective on Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Baird R W upgraded Mirion Technologies to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Citigroup increased their price target on shares of Mirion Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mirion Technologies currently has an average rating of “Buy” and an average price target of $19.25.

Insider Activity at Mirion Technologies

In other Mirion Technologies news, insider Emmanuelle Lee sold 3,405 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $14.27, for a total transaction of $48,589.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $14.11, for a total value of $105,825.00. Following the completion of the transaction, the chief executive officer now directly owns 1,544,017 shares of the company’s stock, valued at $21,786,079.87. The trade was a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate 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.