Mirion Technologies, Inc. $MIR Shares Sold by Deutsche Bank AG

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 reduced its holdings in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 16.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 261,177 shares of the company's stock after selling 50,269 shares during the period. Deutsche Bank AG owned about 0.11% of Mirion Technologies worth $3,787,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. KBC Group NV boosted its holdings in Mirion Technologies by 31.0% during the first quarter. KBC Group NV now owns 10,485 shares of the company's stock worth $152,000 after buying an additional 2,483 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Mirion Technologies by 14.9% during the first quarter. Principal Financial Group Inc. now owns 14,057 shares of the company's stock worth $204,000 after buying an additional 1,820 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in Mirion Technologies during the fourth quarter worth $480,000. Xponance Inc. boosted its holdings in Mirion Technologies by 5.7% during the first quarter. Xponance Inc. now owns 15,793 shares of the company's stock worth $229,000 after buying an additional 851 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Mirion Technologies by 3,556.6% during the first quarter. Victory Capital Management Inc. now owns 1,004,697 shares of the company's stock worth $14,568,000 after buying an additional 977,221 shares in the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Mirion Technologies Price Performance

NYSE:MIR traded up $0.5950 during trading hours on Friday, reaching $20.8050. 1,751,758 shares of the company were exchanged, compared to its average volume of 2,949,296. The company has a current ratio of 2.54, a quick ratio of 2.01 and a debt-to-equity ratio of 0.55. The stock's 50-day moving average is $20.99 and its 200-day moving average is $17.73. The firm has a market cap of $4.87 billion, a PE ratio of 693.50 and a beta of 0.83. Mirion Technologies, Inc. has a twelve month low of $9.11 and a twelve month high of $22.80.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. The company had revenue of $222.90 million during the quarter, compared to analysts' expectations of $216.78 million. Mirion Technologies had a net margin of 1.12% and a return on equity of 6.57%. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, sell-side analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Thomas D. Logan sold 325,000 shares of the 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 sale, the chief executive officer directly owned 3,742,305 shares in the company, valued at $79,748,519.55. This represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate 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.