TT International Asset Management LTD Has $2.27 Million Stock Holdings in Mirion Technologies, Inc. $MIR

TT International Asset Management LTD grew its holdings in Mirion Technologies, Inc. (NYSE:MIR) by 69.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,551 shares of the company’s stock after purchasing an additional 43,205 shares during the quarter. Mirion Technologies comprises about 0.4% of TT International Asset Management LTD’s portfolio, making the stock its 28th biggest position. TT International Asset Management LTD’s holdings in Mirion Technologies were worth $2,273,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MIR. AlphaQuest LLC lifted its stake in shares of Mirion Technologies by 360,400.0% in the 1st quarter. AlphaQuest LLC now owns 3,605 shares of the company’s stock valued at $52,000 after purchasing an additional 3,604 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Mirion Technologies during the 1st quarter worth approximately $68,000. Smartleaf Asset Management LLC raised its stake in Mirion Technologies by 582.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 5,205 shares of the company’s stock worth $76,000 after buying an additional 4,442 shares during the period. CWM LLC raised its stake in Mirion Technologies by 1,026.3% during the 1st quarter. CWM LLC now owns 6,431 shares of the company’s stock worth $93,000 after buying an additional 5,860 shares during the period. Finally, GAMMA Investing LLC raised its stake in Mirion Technologies by 2,310.3% during the 1st quarter. GAMMA Investing LLC now owns 7,279 shares of the company’s stock worth $106,000 after buying an additional 6,977 shares during the period. 78.51% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Mirion Technologies news, CEO Thomas D. Logan sold 325,000 shares of the 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. This represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MIR. The Goldman Sachs Group upped their price target on Mirion Technologies from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday. Northland Securities began coverage on Mirion Technologies in a research note on Monday, August 25th. They set an “outperform” rating and a $26.00 price target on the stock. Northland Capmk raised Mirion Technologies to a “strong-buy” rating in a research note on Sunday, August 24th. Wall Street Zen downgraded Mirion Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, B. Riley reaffirmed a “buy” rating and set a $22.00 price target (up from $17.00) on shares of Mirion Technologies in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat, Mirion Technologies has an average rating of “Buy” and an average price target of $23.80.

Mirion Technologies Stock Performance

MIR stock opened at $22.72 on Thursday. The business has a 50 day moving average of $21.39 and a 200-day moving average of $18.42. Mirion Technologies, Inc. has a 12-month low of $9.58 and a 12-month high of $24.17. The firm has a market cap of $5.32 billion, a PE ratio of 757.33 and a beta of 0.82. The company has a quick ratio of 2.01, a current ratio of 2.54 and a debt-to-equity ratio of 0.55.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data 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 business had revenue of $222.90 million during the quarter, compared to analyst estimates of $216.78 million. During the same period in the prior year, the company earned $0.10 earnings per share. Mirion Technologies’s revenue was up 7.6% compared to the same quarter last year. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, sell-side analysts expect that Mirion Technologies, Inc. will post 0.39 earnings per share 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.