Exchange Traded Concepts LLC Acquires 47,468 Shares of Mirion Technologies, Inc. $MIR

Key Points

• Exchange Traded Concepts LLC increased its stake in Mirion Technologies, Inc. by 35.4%, holding approximately 181,473 shares valued at $3.91 million as of the latest reporting period.
• Several analysts have upgraded Mirion Technologies, with a consensus price target of $23.80 and ratings ranging from "strong-buy" to "buy" from various research firms.
• CEO Thomas D. Logan sold 325,000 shares at an average price of $21.31, reducing his ownership by nearly 8%, which is significant considering the current valuation of his remaining shares.

Exchange Traded Concepts LLC raised its stake in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 35.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 181,473 shares of the company's stock after buying an additional 47,468 shares during the period. Exchange Traded Concepts LLC owned about 0.08% of Mirion Technologies worth $3,907,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQuest LLC grew its holdings in Mirion Technologies by 360,400.0% during the 1st quarter. AlphaQuest LLC now owns 3,605 shares of the company's stock worth $52,000 after acquiring an additional 3,604 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Mirion Technologies during the 1st quarter valued at about $68,000. Smartleaf Asset Management LLC grew its stake in Mirion Technologies by 582.2% during the first quarter. Smartleaf Asset Management LLC now owns 5,205 shares of the company's stock worth $76,000 after purchasing an additional 4,442 shares during the period. CWM LLC increased its holdings in Mirion Technologies by 1,026.3% in the first quarter. CWM LLC now owns 6,431 shares of the company's stock worth $93,000 after purchasing an additional 5,860 shares in the last quarter. Finally, GAMMA Investing LLC lifted 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 buying an additional 6,977 shares during the period. Institutional investors and hedge funds own 78.51% of the company's stock.

Mirion Technologies Stock Up 0.4%

Shares of MIR stock traded up $0.10 during trading hours on Monday, reaching $24.54. The company had a trading volume of 2,818,712 shares, compared to its average volume of 2,879,263. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 818.07 and a beta of 0.82. 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 12 month low of $10.30 and a 12 month high of $24.94. The business has a fifty day simple moving average of $21.55 and a 200-day simple moving average of $18.61.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its quarterly 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 prior year, the firm posted $0.10 EPS. Mirion Technologies's quarterly 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. On average, research analysts expect that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MIR. The Goldman Sachs Group raised their price objective on shares of Mirion Technologies from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. Northland Securities began coverage on shares of Mirion Technologies in a research note on Monday, August 25th. They set an "outperform" rating and a $26.00 target price on the stock. Citigroup raised 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. Wall Street Zen lowered shares of Mirion Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Northland Capmk upgraded Mirion Technologies to a "strong-buy" rating in a research note on Sunday, August 24th. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat.com, Mirion Technologies presently has a consensus rating of "Buy" and a consensus price target of $23.80.

Insider Transactions at Mirion Technologies

In other Mirion Technologies 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 owned 3,742,305 shares in the company, valued at approximately $79,748,519.55. This trade represents a 7.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.