Conestoga Capital Advisors LLC Sells 107,830 Shares of Mirion Technologies, Inc. $MIR

Conestoga Capital Advisors LLC lessened its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 5.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,831,019 shares of the company’s stock after selling 107,830 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in Mirion Technologies were worth $34,039,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisory Services Network LLC purchased a new position in Mirion Technologies in the third quarter worth about $25,000. UMB Bank n.a. increased its position in shares of Mirion Technologies by 175.4% during the 4th quarter. UMB Bank n.a. now owns 1,344 shares of the company’s stock valued at $31,000 after purchasing an additional 856 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Mirion Technologies by 470.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after purchasing an additional 1,354 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of Mirion Technologies by 58.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company’s stock worth $40,000 after buying an additional 631 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of Mirion Technologies by 78.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock worth $47,000 after buying an additional 887 shares during the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MIR has been the subject of a number of research reports. Robert W. Baird reduced their target price on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Morgan Stanley cut their price objective on shares of Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 11th. JPMorgan Chase & Co. reduced their price objective on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, March 26th. Melius Research raised Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. Finally, Weiss Ratings downgraded Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $27.12.

Insider Activity

In other news, CAO Christopher A. Moore sold 8,400 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $19.64, for a total value of $164,976.00. Following the transaction, the chief accounting officer owned 22,157 shares of the company’s stock, valued at approximately $435,163.48. The trade was a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.30% of the stock is currently owned by insiders.

Mirion Technologies Stock Performance

NYSE MIR opened at $17.90 on Thursday. The company has a quick ratio of 2.63, a current ratio of 3.19 and a debt-to-equity ratio of 0.63. Mirion Technologies, Inc. has a twelve month low of $15.58 and a twelve month high of $30.28. The business has a 50-day moving average price of $18.26 and a 200-day moving average price of $20.89. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 179.04 and a beta of 1.03.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Tuesday, April 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The company had revenue of $257.60 million for the quarter, compared to the consensus estimate of $244.78 million. During the same quarter last year, the company earned $0.10 EPS. The firm’s quarterly revenue was up 27.5% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, equities research analysts predict that Mirion Technologies, Inc. will post 0.51 EPS for the current fiscal year.

About Mirion Technologies

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.