Mirion Technologies, Inc. $MIR Stake Lifted by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its stake in Mirion Technologies by 25.1%, acquiring over 114,000 additional shares, resulting in ownership of 567,609 shares worth approximately $8.23 million.
• CEO Thomas D. Logan sold 325,000 shares of the company at an average price of $21.31, which decreased his ownership by 7.99%.
• Mirion Technologies reported $0.11 earnings per share for its last quarter, surpassing analysts' expectations, with a revenue growth of 7.6% year-over-year.

Trexquant Investment LP raised its position in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 25.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 567,609 shares of the company's stock after purchasing an additional 114,065 shares during the period. Trexquant Investment LP owned about 0.24% of Mirion Technologies worth $8,230,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. T. Rowe Price Investment Management Inc. boosted its stake in shares of Mirion Technologies by 1.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 20,710,389 shares of the company's stock valued at $300,301,000 after acquiring an additional 322,243 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Mirion Technologies by 2.8% during the fourth quarter. Janus Henderson Group PLC now owns 8,330,495 shares of the company's stock valued at $145,367,000 after acquiring an additional 229,718 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Mirion Technologies by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 7,363,954 shares of the company's stock valued at $106,779,000 after acquiring an additional 178,260 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of Mirion Technologies by 45.9% during the first quarter. Brown Advisory Inc. now owns 5,560,461 shares of the company's stock valued at $80,627,000 after acquiring an additional 1,748,437 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in 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 buying an additional 1,047,781 shares during the last quarter. Institutional investors and hedge funds own 78.51% of the company's stock.

Insider Buying and Selling at Mirion Technologies

In other news, CEO Thomas D. Logan sold 325,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was 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 directly owned 3,742,305 shares in the company, valued at approximately $79,748,519.55. The trade was a 7.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.30% of the company's stock.

Mirion Technologies Stock Up 0.7%

MIR stock traded up $0.15 during midday trading on Thursday, hitting $20.81. 604,109 shares of the company's stock were exchanged, compared to its average volume of 2,486,542. 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 12-month low of $9.11 and a 12-month high of $22.80. The firm has a 50 day moving average price of $21.06 and a 200-day moving average price of $17.96. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 693.50 and a beta of 0.82.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. Mirion Technologies had a return on equity of 6.57% and a net margin of 1.12%.The company had revenue of $222.90 million for the quarter, compared to the consensus estimate of $216.78 million. During the same period in the previous year, the business earned $0.10 EPS. Mirion Technologies's revenue for the quarter 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, analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Robert W. Baird upped their price objective on shares of Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Northland Securities began coverage on Mirion Technologies in a research note on Monday, August 25th. They issued an "outperform" rating and a $26.00 price objective on the stock. Northland Capmk raised Mirion Technologies to a "strong-buy" rating in a research note on Sunday, August 24th. Citigroup lifted their price objective 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, B. Riley restated a "buy" rating and issued a $22.00 price target (up previously from $17.00) on shares of Mirion Technologies in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target 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.