Segall Bryant & Hamill LLC Buys 236,766 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Segall Bryant & Hamill LLC boosted its stake in Mirion Technologies, Inc. (NYSE:MIR) by 49.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 711,349 shares of the company’s stock after purchasing an additional 236,766 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.31% of Mirion Technologies worth $10,315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. KBC Group NV lifted its position in shares of Mirion Technologies by 31.0% during the 1st quarter. KBC Group NV now owns 10,485 shares of the company’s stock worth $152,000 after buying an additional 2,483 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in Mirion Technologies in the fourth quarter valued at $480,000. Legal & General Group Plc lifted its stake in Mirion Technologies by 5.1% in the fourth quarter. Legal & General Group Plc now owns 219,698 shares of the company’s stock valued at $3,834,000 after buying an additional 10,673 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Mirion Technologies in the fourth quarter valued at approximately $1,628,000. Finally, Wells Fargo & Company MN boosted its position in shares of Mirion Technologies by 30.6% in the fourth quarter. Wells Fargo & Company MN now owns 294,798 shares of the company’s stock valued at $5,144,000 after acquiring an additional 69,030 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Insider Activity

In other news, Director Lawrence D. Kingsley sold 500,000 shares of the company’s 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 sale, the director directly owned 61,287 shares in the company, valued at $1,099,488.78. This represents a 89.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. B. Riley decreased their price objective on Mirion Technologies from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Citigroup raised their target price on Mirion Technologies from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Monday. Finally, Robert W. Baird increased their price target on shares of Mirion Technologies from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, July 9th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $21.00.

Mirion Technologies Trading Up 2.1%

Shares of NYSE MIR opened at $21.74 on Friday. The stock has a market capitalization of $5.04 billion, a PE ratio of -362.27 and a beta of 0.83. Mirion Technologies, Inc. has a twelve month low of $9.11 and a twelve month high of $22.21. The stock has a fifty day simple moving average of $19.54 and a 200-day simple moving average of $16.83. The company has a current ratio of 2.23, a quick ratio of 1.69 and a debt-to-equity ratio of 0.44.

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

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.