Mirion Technologies, Inc. $MIR Stock Sold by Congress Asset Management Co.

Key Points

• Congress Asset Management Co. reduced its Mirion Technologies position by 9.7% in the third quarter, selling 650,906 shares and retaining 6.03 million shares worth approximately $85.2 million. Institutional investors collectively own 78.51% of the company.
• Analysts maintain a “Moderate Buy” consensus on MIR, with one Strong Buy, seven Buy, and two Hold ratings; the average price target is $25.12, although several firms recently lowered their targets.
• Mirion reported quarterly EPS of $0.12, exceeding estimates of $0.10, while revenue rose 19.7% year over year to $266.8 million. Shares recently traded at $16.26, well below the 12-month high of $30.28.

Congress Asset Management Co. decreased its position in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 9.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,034,528 shares of the company's stock after selling 650,906 shares during the quarter. Congress Asset Management Co. owned approximately 2.42% of Mirion Technologies worth $85,208,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc increased its position in shares of Mirion Technologies by 42.8% during the 3rd quarter. Versant Capital Management Inc now owns 2,505 shares of the company's stock valued at $35,000 after purchasing an additional 751 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Mirion Technologies by 8,123.8% in the first quarter. Assetmark Inc. now owns 3,454 shares of the company's stock worth $64,000 after buying an additional 3,412 shares during the last quarter. Nykredit A S bought a new stake in Mirion Technologies during the second quarter valued at approximately $137,000. Balefire LLC purchased a new stake in Mirion Technologies during the second quarter valued at approximately $226,000. Finally, Altshuler Shaham Ltd increased its holdings in Mirion Technologies by 12.3% during the first quarter. Altshuler Shaham Ltd now owns 13,147 shares of the company's stock valued at $244,000 after buying an additional 1,443 shares during the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MIR has been the topic of several analyst reports. Morgan Stanley dropped their price target on shares of Mirion Technologies from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Monday, July 13th. B. Riley Financial decreased their target price on Mirion Technologies from $29.00 to $27.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Weiss Ratings upgraded Mirion Technologies from a "sell (d)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. Citigroup cut their price target on Mirion Technologies from $28.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Finally, Jefferies Financial Group began coverage on Mirion Technologies in a research report on Thursday, September 3rd. They issued a "buy" rating and a $20.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $25.12.

Mirion Technologies Price Performance

Shares of NYSE MIR traded up $1.34 during midday trading on Tuesday, reaching $16.26. The stock had a trading volume of 5,580,693 shares, compared to its average volume of 3,745,033. The stock has a 50-day moving average of $15.50 and a 200-day moving average of $17.21. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.63 and a current ratio of 3.20. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 162.64 and a beta of 1.10. Mirion Technologies, Inc. has a 12-month low of $14.04 and a 12-month high of $30.28.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. The company had revenue of $266.80 million for the quarter, compared to analysts' expectations of $269.32 million. Mirion Technologies had a net margin of 2.39% and a return on equity of 6.59%. Mirion Technologies's revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, research analysts anticipate that Mirion Technologies, Inc. will post 0.55 EPS for the current fiscal year.

Mirion Technologies Profile

Mirion Technologies, Inc provides radiation detection, measurement, and analysis solutions for customers operating in highly regulated and safety-sensitive environments. The company develops hardware, software, and services used to monitor radiation, protect personnel, manage nuclear materials, and support compliance with industry and government standards.

Its offerings include radiation detectors and spectrometers, personal dosimetry and health-physics systems, nuclear instrumentation and control equipment, contamination monitoring systems, and related data-management software.

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