Mirion Technologies, Inc. $MIR Shares Sold by First Manhattan CO. LLC.

Key Points

• First Manhattan CO. LLC. sold 43,225 shares of Mirion Technologies, reducing its holdings by 36.0% to a total of 76,932 shares valued at $1,116,000.
• Several institutional investors increased their stakes in Mirion Technologies significantly, with Royal Bank of Canada boosting its holdings by 258.2%, now owning 98,828 shares.
• CEO Thomas D. Logan sold 325,000 shares at an average price of $21.31, resulting in a 7.99% decrease in his ownership in the company.

First Manhattan CO. LLC. decreased its holdings in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 36.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,932 shares of the company's stock after selling 43,225 shares during the period. First Manhattan CO. LLC.'s holdings in Mirion Technologies were worth $1,116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of MIR. AlphaQuest LLC grew its holdings in Mirion Technologies by 360,400.0% in 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 during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Mirion Technologies in the first quarter worth $68,000. Smartleaf Asset Management LLC grew its holdings in Mirion Technologies by 582.2% in 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 last quarter. CWM LLC grew 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 during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Mirion Technologies by 2,310.3% in the first quarter. GAMMA Investing LLC now owns 7,279 shares of the company's stock worth $106,000 after purchasing an additional 6,977 shares during the last quarter. Institutional investors own 78.51% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wall Street Zen lowered shares of Mirion Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. B. Riley reissued a "buy" rating and set a $22.00 price objective (up from $17.00) on shares of Mirion Technologies in a report on Wednesday, July 23rd. Citigroup boosted their price objective on shares of Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a report on Monday, July 14th. Northland Securities initiated coverage on shares of Mirion Technologies in a report on Monday, August 25th. They set an "outperform" rating and a $26.00 price objective on the stock. Finally, Northland Capmk raised shares of Mirion Technologies to a "strong-buy" rating in a report on Sunday, August 24th. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. Based on data from MarketBeat, Mirion Technologies currently has a consensus rating of "Buy" and a consensus price target of $23.00.

Insider Buying and Selling at Mirion Technologies

In other Mirion Technologies news, CEO Thomas D. Logan sold 325,000 shares of the company's 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 in the company, valued at approximately $79,748,519.55. This represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.20% of the company's stock.

Mirion Technologies Stock Performance

NYSE MIR traded down $0.09 on Monday, reaching $22.81. 3,347,041 shares of the company's stock traded hands, compared to its average volume of 2,541,514. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 759.90 and a beta of 0.82. The stock has a 50 day moving average price of $21.07 and a 200-day moving average price of $18.05. Mirion Technologies, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $23.58. 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 posted its earnings results on Thursday, July 31st. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The company had revenue of $222.90 million during the quarter, compared to the consensus estimate of $216.78 million. Mirion Technologies had a net margin of 1.12% and a return on equity of 6.57%. The firm's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Equities research analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

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.