Alyeska Investment Group L.P. Increases Position in Mirion Technologies, Inc. $MIR

Key Points

• Alyeska Investment Group L.P. increased its holdings in Mirion Technologies by 10.3% in Q1, now owning over 4.15 million shares valued at approximately $60.18 million.
• CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies for nearly $6.93 million, reducing his ownership by 7.99% to approximately 3.74 million shares.
• Mirion Technologies posted a Q2 EPS of $0.11, surpassing analyst expectations, and set an FY 2025 EPS guidance of 0.480-0.520.

Alyeska Investment Group L.P. boosted its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 10.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,150,262 shares of the company's stock after buying an additional 388,947 shares during the quarter. Alyeska Investment Group L.P. owned approximately 1.79% of Mirion Technologies worth $60,179,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AlphaQuest LLC raised its stake in Mirion Technologies by 360,400.0% in the first quarter. AlphaQuest LLC now owns 3,605 shares of the company's stock valued at $52,000 after buying an additional 3,604 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Mirion Technologies during the first quarter worth approximately $68,000. Smartleaf Asset Management LLC boosted its holdings in shares of 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 purchasing an additional 4,442 shares in the last quarter. CWM LLC boosted its holdings in shares of Mirion Technologies by 1,026.3% in the 1st quarter. CWM LLC now owns 6,431 shares of the company's stock valued at $93,000 after purchasing an additional 5,860 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Mirion Technologies by 2,310.3% in the 1st quarter. GAMMA Investing LLC now owns 7,279 shares of the company's stock valued at $106,000 after purchasing an additional 6,977 shares in the last quarter. Institutional investors own 78.51% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on MIR. Wall Street Zen downgraded Mirion Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Northland Capmk raised Mirion Technologies to a "strong-buy" rating in a research note on Sunday, August 24th. B. Riley reaffirmed a "buy" rating and issued a $22.00 price objective (up previously from $17.00) on shares of Mirion Technologies in a research note on Wednesday, July 23rd. Citigroup upped their price objective on Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, Robert W. Baird lifted their target price on Mirion Technologies from $20.00 to $22.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat, Mirion Technologies presently has a consensus rating of "Buy" and an average price target of $23.00.

Mirion Technologies Trading Down 1.5%

Shares of MIR stock traded down $0.34 during mid-day trading on Monday, hitting $22.57. The company's stock had a trading volume of 36,356,764 shares, compared to its average volume of 2,739,640. Mirion Technologies, Inc. has a 52 week low of $9.11 and a 52 week high of $23.58. The company has a market cap of $5.28 billion, a PE ratio of 752.17 and a beta of 0.82. The company's fifty day simple moving average is $21.07 and its 200-day simple moving average is $18.05. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.01 and a current ratio of 2.54.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. Mirion Technologies had a return on equity of 6.57% and a net margin of 1.12%.The business had revenue of $222.90 million during the quarter, compared to analyst estimates of $216.78 million. During the same period in the previous year, the company posted $0.10 EPS. The firm's revenue was up 7.6% compared to the same quarter last year. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, equities research analysts expect that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Thomas D. Logan sold 325,000 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $21.31, for a total value of $6,925,750.00. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.20% of the stock is owned by insiders.

About Mirion Technologies

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.