Mirion Technologies, Inc. $MIR Stock Holdings Lessened by Bornite Capital Management LP

Bornite Capital Management LP lowered its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 0.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,051,700 shares of the company’s stock after selling 12,600 shares during the period. Mirion Technologies accounts for approximately 4.4% of Bornite Capital Management LP’s portfolio, making the stock its 2nd biggest holding. Bornite Capital Management LP’s holdings in Mirion Technologies were worth $44,173,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC lifted its holdings in 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Mirion Technologies during the first quarter worth about $68,000. Nisa Investment Advisors LLC raised its position in shares of Mirion Technologies by 24.0% in the second quarter. Nisa Investment Advisors LLC now owns 3,366 shares of the company’s stock valued at $72,000 after buying an additional 651 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Mirion Technologies by 582.2% during the first quarter. Smartleaf Asset Management LLC now owns 5,205 shares of the company’s stock valued at $76,000 after buying an additional 4,442 shares during the period. Finally, CWM LLC boosted its position in Mirion Technologies by 1,026.3% during the first quarter. CWM LLC now owns 6,431 shares of the company’s stock worth $93,000 after acquiring an additional 5,860 shares during the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

Insiders Place Their Bets

In other Mirion Technologies news, CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $21.31, for a total transaction of $6,925,750.00. Following the transaction, the chief executive officer directly owned 3,742,305 shares of the company’s stock, valued at $79,748,519.55. The trade was a 7.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. B. Riley reiterated a “buy” rating and issued a $22.00 price target (up from $17.00) on shares of Mirion Technologies in a report on Wednesday, July 23rd. Northland Capmk upgraded Mirion Technologies to a “strong-buy” rating in a report on Sunday, August 24th. The Goldman Sachs Group upped their target price on Mirion Technologies from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Robert W. Baird raised their price target on Mirion Technologies from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Finally, Citigroup lifted their price target on Mirion Technologies from $28.00 to $35.00 and gave the company a “buy” rating in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $28.50.

Mirion Technologies Price Performance

MIR stock opened at $27.42 on Friday. The stock has a 50-day moving average price of $24.11 and a two-hundred day moving average price of $21.21. Mirion Technologies, Inc. has a 12-month low of $12.00 and a 12-month high of $30.28. 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 company has a market cap of $6.42 billion, a PE ratio of 249.30 and a beta of 0.88.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $223.10 million for the quarter, compared to the consensus estimate of $222.17 million. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business posted $0.08 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, research analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Mirion Technologies 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.