Aperture Investors LLC Sells 14,203 Shares of Mirion Technologies, Inc. $MIR

Key Points

• Aperture Investors LLC has reduced its position in Mirion Technologies, Inc. by 3.8%, now holding 357,367 shares valued at approximately $5.18 million.
• CEO Thomas D. Logan sold 325,000 shares at an average price of $21.31, resulting in a 7.99% decrease in his holdings.
• Mirion Technologies reported earnings of $0.11 per share for the last quarter, exceeding expectations and demonstrating a 7.6% increase in revenue year-over-year.

Aperture Investors LLC decreased its stake in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 357,367 shares of the company's stock after selling 14,203 shares during the quarter. Aperture Investors LLC owned 0.15% of Mirion Technologies worth $5,182,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Xponance Inc. lifted its stake in Mirion Technologies by 5.7% in the first quarter. Xponance Inc. now owns 15,793 shares of the company's stock valued at $229,000 after buying an additional 851 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Mirion Technologies by 4.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,386 shares of the company's stock worth $338,000 after purchasing an additional 865 shares during the period. Principal Financial Group Inc. raised its position in shares of Mirion Technologies by 14.9% during the first quarter. Principal Financial Group Inc. now owns 14,057 shares of the company's stock worth $204,000 after purchasing an additional 1,820 shares during the period. KBC Group NV raised its position in shares of Mirion Technologies by 31.0% during the first quarter. KBC Group NV now owns 10,485 shares of the company's stock worth $152,000 after purchasing an additional 2,483 shares during the period. Finally, Arizona State Retirement System raised its position in shares of Mirion Technologies by 4.7% during the first quarter. Arizona State Retirement System now owns 58,214 shares of the company's stock worth $844,000 after purchasing an additional 2,608 shares during the period. Institutional investors and hedge funds own 78.51% of the company's stock.

Insider Activity

In other news, CEO Thomas D. Logan sold 325,000 shares of the firm'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 of the company's stock, valued at $79,748,519.55. This trade represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on MIR. Robert W. Baird raised their price target on Mirion Technologies from $20.00 to $22.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Northland Capmk raised Mirion Technologies to a "strong-buy" rating in a research report on Sunday, August 24th. Citigroup raised their price target on 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 started coverage on Mirion Technologies in a report on Monday, August 25th. They set an "outperform" rating and a $26.00 price objective for the company. Finally, B. Riley reiterated a "buy" rating and set a $22.00 price objective (up from $17.00) on shares of Mirion Technologies in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat, Mirion Technologies currently has a consensus rating of "Buy" and a consensus target price of $23.00.

Mirion Technologies Stock Up 0.5%

MIR stock traded up $0.10 during mid-day trading on Tuesday, reaching $20.60. The company had a trading volume of 1,402,967 shares, compared to its average volume of 2,503,415. Mirion Technologies, Inc. has a 52 week low of $9.11 and a 52 week high of $22.80. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 686.80 and a beta of 0.82. The stock has a 50 day simple moving average of $21.07 and a two-hundred day simple moving average of $17.92. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.54 and a quick ratio of 2.01.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.11 earnings per share (EPS) for the quarter, beating 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 company had revenue of $222.90 million during the quarter, compared to analysts' expectations of $216.78 million. During the same period last year, the firm posted $0.10 earnings per share. The business'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. As a group, equities analysts predict that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

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.