Segall Bryant & Hamill LLC Boosts Stock Position in Mirion Technologies, Inc. $MIR

Segall Bryant & Hamill LLC increased its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 53.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,089,217 shares of the company’s stock after acquiring an additional 377,868 shares during the period. Segall Bryant & Hamill LLC’s holdings in Mirion Technologies were worth $23,451,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. AlphaQuest LLC lifted its position in shares of Mirion Technologies by 360,400.0% during the first quarter. AlphaQuest LLC now owns 3,605 shares of the company’s stock worth $52,000 after purchasing an additional 3,604 shares in the last quarter. FSC Wealth Advisors LLC purchased a new stake in Mirion Technologies during the 2nd quarter worth approximately $59,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Mirion Technologies during the 1st quarter worth approximately $68,000. Nisa Investment Advisors LLC lifted its holdings in Mirion Technologies by 24.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,366 shares of the company’s stock worth $72,000 after buying an additional 651 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Mirion Technologies by 582.2% in the 1st 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. 78.51% of the stock is owned by institutional investors and hedge funds.

Mirion Technologies Stock Up 5.5%

Shares of NYSE MIR opened at $23.82 on Friday. The business has a 50-day moving average of $24.76 and a two-hundred day moving average of $21.83. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 216.57 and a beta of 0.88. Mirion Technologies, Inc. has a 1 year low of $12.00 and a 1 year high of $30.28. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.83 and a quick ratio of 4.32.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Tuesday, October 28th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $223.10 million for 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 business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned $0.08 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MIR has been the topic of several analyst reports. The Goldman Sachs Group increased their price objective on Mirion Technologies from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Citigroup upped their price target on Mirion Technologies from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, October 31st. JPMorgan Chase & Co. increased their price target on Mirion Technologies from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Robert W. Baird boosted their price objective on Mirion Technologies from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Finally, Northland Capmk upgraded shares of Mirion Technologies to a “strong-buy” rating in a research note on Sunday, August 24th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Mirion Technologies presently has an average rating of “Buy” and an average price target of $28.50.

Insiders Place Their Bets

In other news, Director Lawrence D. Kingsley sold 300,000 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $23.83, for a total transaction of $7,149,000.00. Following the completion of the sale, the director owned 3,900,000 shares in the company, valued at approximately $92,937,000. The trade was a 7.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.30% of the company’s stock.

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.