Deutsche Bank AG Sells 50,269 Shares of Mirion Technologies, Inc. $MIR

Key Points

• Deutsche Bank AG reduced its stake in Mirion Technologies by 16.1%, owning 261,177 shares worth approximately $3.79 million after selling 50,269 shares in Q1.
• Hedge funds have shown varied interest in Mirion Technologies, with CWM LLC raising its stake by over 1,000%, while several others increased their holdings significantly in the first quarter.
• Mirion Technologies' stock opened at $20.49, experiencing a 12-month low of $9.11 and a high of $22.80, with a reported EPS of $0.11, exceeding analyst expectations.

Deutsche Bank AG cut its holdings in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 16.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 261,177 shares of the company's stock after selling 50,269 shares during the quarter. Deutsche Bank AG owned about 0.11% of Mirion Technologies worth $3,787,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC boosted its stake in Mirion Technologies by 1,026.3% in the first quarter. CWM LLC now owns 6,431 shares of the company's stock valued at $93,000 after acquiring an additional 5,860 shares during the last quarter. GAMMA Investing LLC boosted its stake in Mirion Technologies by 2,310.3% in the first quarter. GAMMA Investing LLC now owns 7,279 shares of the company's stock valued at $106,000 after acquiring an additional 6,977 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Mirion Technologies by 162.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company's stock valued at $116,000 after acquiring an additional 4,120 shares during the last quarter. KBC Group NV boosted its stake in Mirion Technologies by 31.0% in the first quarter. KBC Group NV now owns 10,485 shares of the company's stock valued at $152,000 after acquiring an additional 2,483 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Mirion Technologies by 14.9% in the first quarter. Principal Financial Group Inc. now owns 14,057 shares of the company's stock valued at $204,000 after acquiring an additional 1,820 shares during the last quarter. 78.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MIR. Wall Street Zen cut shares of Mirion Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Citigroup lifted their price target on shares of Mirion Technologies from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. B. Riley reissued a "buy" rating and set a $22.00 price target (up from $17.00) on shares of Mirion Technologies in a research report on Wednesday, July 23rd. Finally, Robert W. Baird lifted their price target on shares of Mirion Technologies from $20.00 to $22.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $22.25.

Mirion Technologies Stock Up 2.2%

MIR stock traded up $0.4450 during midday trading on Wednesday, hitting $20.2350. The company's stock had a trading volume of 2,021,890 shares, compared to its average volume of 2,954,146. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.54 and a quick ratio of 2.01. Mirion Technologies, Inc. has a twelve month low of $9.11 and a twelve month high of $22.80. The company's fifty day moving average price is $20.97 and its 200 day moving average price is $17.65. The stock has a market capitalization of $4.73 billion, a P/E ratio of 49.47 and a beta of 0.83.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its quarterly earnings data 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 net margin of 1.12% and a return on equity of 6.57%. The company had revenue of $222.90 million during the quarter, compared to the consensus estimate of $216.78 million. During the same quarter last year, the firm posted $0.10 EPS. The company's quarterly revenue was up 7.6% on a year-over-year basis. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, equities research analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Insider Activity at Mirion Technologies

In other news, CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $21.31, for a total value of $6,925,750.00. Following the completion of the transaction, the chief executive officer owned 3,742,305 shares of the company's stock, valued at $79,748,519.55. This trade represents a 7.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 6.30% of the stock is currently owned by company insiders.

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.