Mirion Technologies, Inc. $MIR Shares Sold by Rhumbline Advisers

Key Points

• Rhumbline Advisers reduced its stake in Mirion Technologies by 3.5%, holding 307,422 shares valued at approximately $4.46 million as of the latest filing.
• Mirion Technologies reported a quarterly earnings per share (EPS) of $0.11, exceeding estimates, and saw a revenue increase of 7.6% year-over-year, totaling $222.90 million.
• CEO Thomas D. Logan sold 325,000 shares of the company at an average price of $21.31, retaining a significant position valued at nearly $79.75 million after the sale.

Rhumbline Advisers lowered its stake in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 3.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 307,422 shares of the company's stock after selling 11,045 shares during the period. Rhumbline Advisers owned 0.13% of Mirion Technologies worth $4,458,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. AlphaQuest LLC grew its stake in shares of Mirion Technologies by 360,400.0% in the 1st quarter. AlphaQuest LLC now owns 3,605 shares of the company's stock valued at $52,000 after buying an additional 3,604 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Mirion Technologies in the first quarter valued at approximately $68,000. Smartleaf Asset Management LLC grew its position in Mirion Technologies by 582.2% in the first quarter. Smartleaf Asset Management LLC now owns 5,205 shares of the company's stock worth $76,000 after acquiring an additional 4,442 shares during the period. CWM LLC increased its stake in Mirion Technologies by 1,026.3% during the first quarter. CWM LLC now owns 6,431 shares of the company's stock worth $93,000 after acquiring an additional 5,860 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Mirion Technologies by 2,310.3% in the first quarter. GAMMA Investing LLC now owns 7,279 shares of the company's stock valued at $106,000 after purchasing an additional 6,977 shares during the period. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Mirion Technologies Trading Up 3.0%

MIR opened at $22.72 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.01 and a current ratio of 2.54. Mirion Technologies, Inc. has a one year low of $9.58 and a one year high of $23.58. The company has a market cap of $5.31 billion, a P/E ratio of 757.17 and a beta of 0.82. The business's 50-day simple moving average is $21.22 and its 200-day simple moving average is $18.29.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $222.90 million for the quarter, compared to analyst estimates of $216.78 million. Mirion Technologies had a net margin of 1.12% and a return on equity of 6.57%. Mirion Technologies's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, equities research analysts expect that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MIR has been the subject of a number of research analyst reports. Northland Securities started coverage on Mirion Technologies in a report on Monday, August 25th. They set an "outperform" rating and a $26.00 price target for the company. Robert W. Baird lifted their price target on shares of Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Wall Street Zen downgraded shares of Mirion Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Citigroup increased their price objective 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. Finally, B. Riley reissued a "buy" rating and issued a $22.00 target price (up previously from $17.00) on shares of Mirion Technologies in a research 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. According to MarketBeat, Mirion Technologies has an average rating of "Buy" and an average price target of $23.00.

Insider Buying and Selling

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 transaction of $6,925,750.00. Following the sale, the chief executive officer owned 3,742,305 shares of the company's stock, valued at $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 is available through this hyperlink. Company insiders own 2.20% of the company's stock.

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.

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