14,919 Shares in Mirion Technologies, Inc. $MIR Bought by Ieq Capital LLC

Ieq Capital LLC bought a new position in Mirion Technologies, Inc. (NYSE:MIR - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 14,919 shares of the company's stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MIR. Brown Advisory Inc. raised its holdings in shares of Mirion Technologies by 45.9% in the 1st quarter. Brown Advisory Inc. now owns 5,560,461 shares of the company's stock worth $80,627,000 after purchasing an additional 1,748,437 shares in the last quarter. Millennium Management LLC raised its holdings 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 in the last quarter. Nuveen LLC acquired a new stake in shares of Mirion Technologies during the first quarter valued at approximately $20,132,000. American Century Companies Inc. raised its holdings in shares of Mirion Technologies by 43.9% during the first quarter. American Century Companies Inc. now owns 3,432,814 shares of the company's stock valued at $49,776,000 after acquiring an additional 1,047,781 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of 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 valued at $14,568,000 after acquiring an additional 977,221 shares during the period. 78.51% of the stock is currently owned by institutional investors.

Mirion Technologies Stock Down 3.6%

Mirion Technologies stock traded down $0.79 during trading hours on Wednesday, hitting $21.31. The company had a trading volume of 4,710,321 shares, compared to its average volume of 2,763,053. The firm has a market capitalization of $4.99 billion, a P/E ratio of 710.43 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. The firm's fifty day moving average is $21.12 and its 200-day moving average is $18.13. Mirion Technologies, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $23.58.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.11 earnings per share 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 for the quarter, compared to the consensus estimate of $216.78 million. During the same quarter last year, the firm earned $0.10 EPS. Mirion Technologies's revenue for the quarter 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 earnings per share for the current year.

Insider Activity

In related news, CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies stock in a transaction on 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 of the company's stock, valued at approximately $79,748,519.55. The trade was a 7.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.30% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MIR shares. Northland Securities started coverage on shares of Mirion Technologies in a report on Monday, August 25th. They set an "outperform" rating and a $26.00 price target on the stock. Citigroup boosted their price target 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. Robert W. Baird boosted their price target on shares of Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. 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 shares of Mirion Technologies to a "strong-buy" rating in a research note on Sunday, August 24th. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. According to MarketBeat, Mirion Technologies has an average rating of "Buy" and an average target price of $23.00.

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.