Gabelli Funds LLC Cuts Stake in Mirion Technologies, Inc. $MIR

Key Points

• Gabelli Funds LLC reduced its holdings in Mirion Technologies by 5.8%, selling 32,438 shares and retaining a total of 524,250 shares valued at approximately $7.6 million.
• Research analysts have issued mixed ratings for Mirion Technologies, with B. Riley raising its price target to $22.00 while Wall Street Zen downgraded the stock from "buy" to "hold."
• Mirion Technologies reported a quarterly earnings per share of $0.11, exceeding estimates, and guided for FY 2025 EPS between 0.480 and 0.520.

Gabelli Funds LLC lowered its stake in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 5.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 524,250 shares of the company's stock after selling 32,438 shares during the period. Gabelli Funds LLC owned approximately 0.23% of Mirion Technologies worth $7,602,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Brown Advisory Inc. bought a new position in shares of Mirion Technologies in the 4th quarter worth approximately $66,520,000. Millennium Management LLC lifted its stake in shares of Mirion Technologies by 100.6% in the 4th quarter. Millennium Management LLC now owns 3,105,374 shares of the company's stock worth $54,189,000 after purchasing an additional 1,557,077 shares during the period. Nuveen LLC bought a new position in shares of Mirion Technologies in the 1st quarter worth approximately $20,132,000. American Century Companies Inc. lifted its stake in shares of Mirion Technologies by 43.9% in the 1st quarter. American Century Companies Inc. now owns 3,432,814 shares of the company's stock worth $49,776,000 after purchasing an additional 1,047,781 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Mirion Technologies by 3,556.6% in the 1st quarter. Victory Capital Management Inc. now owns 1,004,697 shares of the company's stock worth $14,568,000 after purchasing an additional 977,221 shares during the period. Institutional investors own 78.51% of the company's stock.

Mirion Technologies Stock Performance

Mirion Technologies stock traded down $0.38 during midday trading on Monday, hitting $20.48. The stock had a trading volume of 1,510,205 shares, compared to its average volume of 2,209,913. The company has a current ratio of 2.54, a quick ratio of 2.01 and a debt-to-equity ratio of 0.55. Mirion Technologies, Inc. has a 52-week low of $9.11 and a 52-week high of $22.80. The firm's fifty day moving average is $21.06 and its two-hundred day moving average is $17.89. The company has a market capitalization of $4.79 billion, a PE ratio of 682.63 and a beta of 0.82.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its quarterly earnings data 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. Mirion Technologies had a net margin of 1.12% and a return on equity of 6.57%. The business had revenue of $222.90 million during the quarter, compared to analyst estimates of $216.78 million. During the same period last year, the firm posted $0.10 EPS. The company's 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. On average, research analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, CEO Thomas D. Logan sold 325,000 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $21.31, for a total transaction 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. This trade represents a 7.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MIR has been the topic of several recent research reports. B. Riley reiterated 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 increased their price objective on shares of Mirion Technologies from $23.00 to $24.00 and gave the stock a "buy" rating in a research note 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. Northland Capmk raised shares of Mirion Technologies to a "strong-buy" rating in a report on Sunday, August 24th. Finally, Robert W. Baird increased their target price 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. Two research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Mirion Technologies currently has a consensus rating of "Buy" and a consensus price target of $23.00.

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.