Mirion Technologies, Inc. $MIR Shares Sold by Strs Ohio

Strs Ohio lowered its stake in Mirion Technologies, Inc. (NYSE:MIR) by 54.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,300 shares of the company’s stock after selling 33,800 shares during the quarter. Strs Ohio’s holdings in Mirion Technologies were worth $658,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Emerald Mutual Fund Advisers Trust raised its holdings in shares of Mirion Technologies by 27.3% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 704,496 shares of the company’s stock worth $16,387,000 after acquiring an additional 150,872 shares during the last quarter. Emerald Advisers LLC increased its position in Mirion Technologies by 17.8% during the 3rd quarter. Emerald Advisers LLC now owns 1,137,165 shares of the company’s stock worth $26,450,000 after purchasing an additional 171,920 shares in the last quarter. Register Financial Advisors LLC raised its stake in Mirion Technologies by 3.1% in the 3rd quarter. Register Financial Advisors LLC now owns 65,800 shares of the company’s stock valued at $1,531,000 after purchasing an additional 2,000 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Mirion Technologies by 14.7% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 275,944 shares of the company’s stock worth $6,418,000 after purchasing an additional 35,395 shares during the last quarter. Finally, Verdence Capital Advisors LLC purchased a new stake in shares of Mirion Technologies during the third quarter worth about $216,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Insider Activity

In other news, Director Lawrence D. Kingsley sold 350,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the completion of the sale, the director owned 3,509,075 shares in the company, valued at approximately $86,779,424.75. The trade was a 9.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MIR shares. Morgan Stanley started coverage on shares of Mirion Technologies in a research note on Friday, January 23rd. They set an “equal weight” rating and a $29.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on Mirion Technologies from $28.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Evercore ISI began coverage on Mirion Technologies in a research report on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price objective for the company. Citigroup dropped their target price on Mirion Technologies from $35.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mirion Technologies in a research note on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Mirion Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $28.38.

Mirion Technologies Trading Down 0.5%

Shares of MIR opened at $25.27 on Friday. Mirion Technologies, Inc. has a twelve month low of $12.00 and a twelve month high of $30.28. The firm has a market capitalization of $6.41 billion, a P/E ratio of 229.70 and a beta of 0.95. The company has a current ratio of 4.83, a quick ratio of 4.32 and a debt-to-equity ratio of 0.63. The stock’s fifty day simple moving average is $25.05 and its 200 day simple moving average is $23.79.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $223.10 million during the quarter, compared to analyst estimates of $222.17 million. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 earnings per share. On average, equities research analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Mirion Technologies Company Profile

Mirion Technologies Inc (NYSE: MIR) is a leading global provider of radiation detection, measurement and monitoring solutions. The company’s portfolio includes instrumentation, software and service offerings designed to detect, quantify and manage radiation in nuclear power, oil and gas, defense and homeland security, medical imaging and diagnostic applications. Mirion’s product suite spans personal and environmental dosimetry, area monitors, digital imaging detectors and turnkey solutions for decommissioning and environmental remediation projects.

Mirion traces its origins to the combination of several established radiation measurement businesses, including the former Canberra nuclear instrumentation division, and has been supported by private equity investors before completing its initial public offering on the New York Stock Exchange in 2023.