Mirion Technologies, Inc. $MIR Stock Holdings Boosted by Ardsley Advisory Partners LP

Key Points

• Ardsley Advisory Partners LP increased its stake in Mirion Technologies by 40.0%, acquiring 50,000 additional shares, now holding a total of 175,000 shares valued at approximately $2.5 million.
• Analysts have mixed opinions on Mirion Technologies, with two analysts rating it as a Strong Buy and five as a Buy, while the stock has a consensus price target of $23.00.
• In a significant insider transaction, CEO Thomas D. Logan sold 325,000 shares for about $6.93 million, representing a decrease of 7.99% in his holdings.

Ardsley Advisory Partners LP increased its position in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 40.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 175,000 shares of the company's stock after buying an additional 50,000 shares during the quarter. Ardsley Advisory Partners LP owned about 0.08% of Mirion Technologies worth $2,538,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV grew its stake in Mirion Technologies by 31.0% during the 1st quarter. KBC Group NV now owns 10,485 shares of the company's stock worth $152,000 after buying an additional 2,483 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Mirion Technologies by 14.9% in the 1st quarter. Principal Financial Group Inc. now owns 14,057 shares of the company's stock valued at $204,000 after purchasing an additional 1,820 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Mirion Technologies in the 4th quarter valued at approximately $480,000. Xponance Inc. grew its stake in shares of Mirion Technologies by 5.7% in the 1st quarter. Xponance Inc. now owns 15,793 shares of the company's stock valued at $229,000 after purchasing an additional 851 shares during the last quarter. Finally, Victory Capital Management Inc. grew 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 valued at $14,568,000 after purchasing an additional 977,221 shares during the last quarter. Hedge funds and other institutional investors own 78.51% of the company's stock.

Mirion Technologies Stock Performance

Shares of Mirion Technologies stock traded down $0.21 on Monday, reaching $22.69. 4,317,297 shares of the company were exchanged, compared to its average volume of 2,548,093. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.01 and a current ratio of 2.54. The company's 50-day moving average is $21.07 and its two-hundred day moving average is $18.05. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 754.53 and a beta of 0.82. Mirion Technologies, Inc. has a 1-year low of $9.11 and a 1-year high of $23.58.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on MIR. Citigroup lifted their target price on Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Wall Street Zen downgraded Mirion Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Northland Securities initiated coverage on Mirion Technologies in a research note on Monday, August 25th. They issued an "outperform" rating and a $26.00 price target on the stock. B. Riley restated a "buy" rating and issued a $22.00 price target (up from $17.00) on shares of Mirion Technologies in a research note on Wednesday, July 23rd. Finally, Northland Capmk upgraded Mirion Technologies to a "strong-buy" rating in a research note on Sunday, August 24th. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $23.00.

Insider Transactions at Mirion Technologies

In related news, CEO Thomas D. Logan sold 325,000 shares of the 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 transaction, the chief executive officer directly owned 3,742,305 shares of the company's stock, valued at $79,748,519.55. This 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 owned by company insiders.

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.