Mirion Technologies, Inc. $MIR Shares Purchased by Kingdon Capital Management L.L.C.

Key Points

• Kingdon Capital Management L.L.C. increased its stake in Mirion Technologies by 12.5%, acquiring an additional 50,000 shares to reach 450,000 shares worth approximately $6.5 million.
• Shares of Mirion Technologies fell 1.8% to $20.48, with a market capitalization of $4.79 billion and a current P/E ratio of 682.63.
• Mirion announced earnings of $0.11 per share, exceeding expectations, with revenue rising 7.6% year-over-year to $222.90 million.

Kingdon Capital Management L.L.C. lifted its position in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 12.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 450,000 shares of the company's stock after buying an additional 50,000 shares during the period. Kingdon Capital Management L.L.C. owned approximately 0.19% of Mirion Technologies worth $6,525,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its position in shares of Mirion Technologies by 1.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 20,710,389 shares of the company's stock worth $300,301,000 after buying an additional 322,243 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Mirion Technologies by 2.8% in the 4th quarter. Janus Henderson Group PLC now owns 8,330,495 shares of the company's stock worth $145,367,000 after buying an additional 229,718 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Mirion Technologies by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,363,954 shares of the company's stock worth $106,779,000 after buying an additional 178,260 shares during the last quarter. Brown Advisory Inc. grew its position in Mirion Technologies by 45.9% during 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 during the last quarter. Finally, American Century Companies Inc. grew its position in Mirion Technologies by 43.9% during 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 last quarter. Hedge funds and other institutional investors own 78.51% of the company's stock.

Mirion Technologies Stock Performance

Shares of MIR stock traded up $0.07 during trading hours on Wednesday, hitting $20.68. The company's stock had a trading volume of 1,571,536 shares, compared to its average volume of 2,497,846. The company has a 50 day moving average of $21.07 and a 200 day moving average of $17.94. The stock has a market cap of $4.84 billion, a PE ratio of 689.27 and a beta of 0.82. 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.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.11 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the firm earned $0.10 EPS. The business'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, sell-side analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Insider Activity

In related news, CEO Thomas D. Logan sold 325,000 shares of the business's 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 transaction, the chief executive officer directly owned 3,742,305 shares in the company, valued at $79,748,519.55. The trade was a 7.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wall Street Zen downgraded shares of Mirion Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Robert W. Baird boosted their target price on shares of Mirion Technologies from $20.00 to $22.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Citigroup boosted their target price on shares of Mirion Technologies from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Northland Securities assumed coverage on shares of Mirion Technologies in a research report on Monday, August 25th. They set an "outperform" rating and a $26.00 target price on the stock. Finally, Northland Capmk raised shares of Mirion Technologies to a "strong-buy" rating in a research report on Sunday, August 24th. Two research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to MarketBeat.com, the company 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.