Mirion Technologies, Inc. $MIR Stock Sold by Sterling Capital Management LLC

Sterling Capital Management LLC decreased its position in Mirion Technologies, Inc. (NYSE:MIR) by 84.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,554 shares of the company’s stock after selling 41,482 shares during the period. Sterling Capital Management LLC’s holdings in Mirion Technologies were worth $107,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in shares of Mirion Technologies by 14.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,694,288 shares of the company’s stock worth $87,240,000 after purchasing an additional 591,730 shares during the period. Bank of New York Mellon Corp boosted its holdings in Mirion Technologies by 47.4% in the first quarter. Bank of New York Mellon Corp now owns 4,536,732 shares of the company’s stock valued at $84,338,000 after purchasing an additional 1,459,787 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in Mirion Technologies in the first quarter valued at approximately $49,261,000. Emerald Advisers LLC grew its holdings in shares of Mirion Technologies by 21.5% during the first quarter. Emerald Advisers LLC now owns 1,381,574 shares of the company’s stock worth $25,683,000 after buying an additional 244,428 shares during the last quarter. Finally, Stephens Investment Management Group LLC boosted its holdings in shares of Mirion Technologies by 69.7% in the first quarter. Stephens Investment Management Group LLC now owns 1,374,876 shares of the company’s stock valued at $25,559,000 after acquiring an additional 564,933 shares in the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

Mirion Technologies Stock Up 1.6%

Shares of MIR stock opened at $18.66 on Tuesday. Mirion Technologies, Inc. has a 1 year low of $14.04 and a 1 year high of $29.76. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.63 and a current ratio of 3.02. The business’s fifty day moving average is $15.76 and its 200-day moving average is $18.32. The stock has a market cap of $4.65 billion, a PE ratio of 155.55 and a beta of 1.10.

Mirion Technologies (NYSE:MIR) last announced its earnings results on Tuesday, October 27th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. Mirion Technologies had a return on equity of 6.82% and a net margin of 2.69%. The company had revenue of $277.80 million for the quarter, compared to analyst estimates of $275.35 million. During the same period in the previous year, the firm earned $0.01 earnings per share. Mirion Technologies’s revenue for the quarter was up 24.5% compared to the same quarter last year. Equities analysts expect that Mirion Technologies, Inc. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Mirion Technologies in a research note on Wednesday, July 29th. Morgan Stanley dropped their price objective on shares of Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Monday, July 13th. Jefferies Financial Group began coverage on shares of Mirion Technologies in a report on Thursday, September 3rd. They set a “buy” rating and a $20.00 target price on the stock. B. Riley Financial reissued a “buy” rating and set a $25.00 price target (down from $27.00) on shares of Mirion Technologies in a research report on Thursday, October 29th. Finally, Citigroup dropped their target price on Mirion Technologies from $28.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Mirion Technologies has an average rating of “Moderate Buy” and a consensus price target of $24.88.

About Mirion Technologies

Mirion Technologies, Inc develops, manufactures and supplies radiation detection, measurement and analysis technologies. Its products are designed to detect and measure ionizing radiation, monitor exposure and contamination, and support the safe management of radioactive materials and environments.

The company serves a range of end markets, including nuclear power, healthcare, defense and national security, scientific research, industrial operations and laboratories. Its offerings include radiation detectors, dosimetry systems, spectroscopy and monitoring equipment, radiation safety software, and related services.