Envestnet Asset Management Inc. Purchases 55,028 Shares of Mirion Technologies, Inc. $MIR

Envestnet Asset Management Inc. boosted its position in Mirion Technologies, Inc. (NYSE:MIR) by 30.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 232,996 shares of the company’s stock after buying an additional 55,028 shares during the period. Envestnet Asset Management Inc.’s holdings in Mirion Technologies were worth $5,016,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Nuveen LLC acquired a new position in shares of Mirion Technologies in the 1st quarter valued at about $20,132,000. American Century Companies Inc. increased its holdings in Mirion Technologies by 43.9% in the first quarter. American Century Companies Inc. now owns 3,432,814 shares of the company’s stock worth $49,776,000 after purchasing an additional 1,047,781 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Mirion Technologies by 3,556.6% in the first quarter. Victory Capital Management Inc. now owns 1,004,697 shares of the company’s stock valued at $14,568,000 after buying an additional 977,221 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Mirion Technologies by 74.6% during the 1st quarter. Raymond James Financial Inc. now owns 1,717,848 shares of the company’s stock worth $24,909,000 after buying an additional 734,238 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Mirion Technologies by 81.2% during the 1st quarter. Jennison Associates LLC now owns 931,867 shares of the company’s stock worth $13,512,000 after buying an additional 417,553 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MIR. Northland Capmk upgraded shares of Mirion Technologies to a “strong-buy” rating in a research report on Sunday, August 24th. Northland Securities lifted their price target on shares of Mirion Technologies from $26.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Wall Street Zen lowered shares of Mirion Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Citigroup increased their price objective on shares of Mirion Technologies from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, The Goldman Sachs Group boosted their target price on Mirion Technologies from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mirion Technologies has a consensus rating of “Buy” and an average price target of $28.50.

Mirion Technologies Trading Down 12.1%

Shares of MIR stock opened at $24.05 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 4.32 and a current ratio of 4.83. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 218.61 and a beta of 0.88. Mirion Technologies, Inc. has a 52-week low of $12.00 and a 52-week high of $30.28. The company has a 50-day simple moving average of $24.56 and a two-hundred day simple moving average of $21.49.

Mirion Technologies (NYSE:MIR) last released its earnings results on Tuesday, October 28th. The company reported $0.12 earnings per share (EPS) for the quarter, beating 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%.Mirion Technologies’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 earnings per share. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Research analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal 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.