Intech Investment Management LLC Grows Stock Holdings in Mirion Technologies, Inc. $MIR

Key Points

• Intech Investment Management LLC raised its stake in Mirion Technologies by 38.0% in the first quarter, now owning 127,952 shares worth approximately $1.86 million.
• CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies at an average price of $21.31, representing a 7.99% decrease in his ownership.
• The stock has a current price of $23.92, with a 1-year price range between $9.58 and $23.94, reflecting its significant growth in value.

Intech Investment Management LLC boosted its position in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 38.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,952 shares of the company's stock after acquiring an additional 35,218 shares during the quarter. Intech Investment Management LLC owned 0.06% of Mirion Technologies worth $1,855,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MIR. Ameriprise Financial Inc. acquired a new stake in Mirion Technologies in the fourth quarter valued at approximately $1,628,000. BNP Paribas Financial Markets acquired a new stake in Mirion Technologies in the fourth quarter valued at approximately $480,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Mirion Technologies by 7.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 117,596 shares of the company's stock valued at $2,052,000 after buying an additional 8,201 shares in the last quarter. Nuveen Asset Management LLC boosted its position in Mirion Technologies by 72.8% in the fourth quarter. Nuveen Asset Management LLC now owns 1,371,004 shares of the company's stock valued at $23,924,000 after buying an additional 577,620 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in Mirion Technologies by 54.1% in the fourth quarter. ProShare Advisors LLC now owns 58,179 shares of the company's stock valued at $1,015,000 after buying an additional 20,414 shares in the last quarter. 78.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MIR shares. Northland Capmk upgraded shares of Mirion Technologies to a "strong-buy" rating in a report on Sunday, August 24th. 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 restated a "buy" rating and issued a $22.00 target price (up from $17.00) on shares of Mirion Technologies in a research note on Wednesday, July 23rd. Citigroup lifted their price target on Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, The Goldman Sachs Group boosted their target price on Mirion Technologies from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $23.80.

Insider Buying and Selling at Mirion Technologies

In other 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 transaction of $6,925,750.00. Following the transaction, the chief executive officer owned 3,742,305 shares in the company, valued at $79,748,519.55. This trade represents a 7.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.30% of the stock is owned by corporate insiders.

Mirion Technologies Stock Performance

NYSE:MIR traded down $0.11 during trading hours on Friday, reaching $24.49. The company had a trading volume of 13,837,616 shares, compared to its average volume of 4,989,692. 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 $9.58 and a 52 week high of $24.95. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 816.33 and a beta of 0.82. The firm's 50 day moving average price is $21.55 and its 200-day moving average price is $18.55.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.11 EPS for the quarter, topping 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 the consensus estimate of $216.78 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The firm'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, analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Mirion Technologies 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.