Mirion Technologies, Inc. $MIR Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Grows Holdings

Key Points

• Virginia Retirement Systems increased its Mirion Technologies stake by 387.7% in the third quarter, adding 59,700 shares to hold 75,100 shares valued at about $1.06 million. Institutional investors collectively own 78.51% of the stock.
• Mirion reported quarterly EPS of $0.12, matching estimates, while revenue of $277.8 million topped forecasts and rose 24.5% year over year.
• Analysts give the stock a consensus “Moderate Buy” rating and an average $24.88 price target; shares opened at $17.18 in the reported session.

VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 387.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 75,100 shares of the company's stock after purchasing an additional 59,700 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al's holdings in Mirion Technologies were worth $1,060,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of MIR. Versant Capital Management Inc lifted its holdings in shares of Mirion Technologies by 42.8% in the third 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 in the last quarter. GAMMA Investing LLC grew its holdings in Mirion Technologies by 65.1% during the third quarter. GAMMA Investing LLC now owns 2,579 shares of the company's stock worth $36,000 after buying an additional 1,017 shares in the last quarter. Assetmark Inc. grew its holdings in Mirion Technologies by 8,123.8% during 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 in the last quarter. GK Wealth Management LLC bought a new stake in Mirion Technologies during the third quarter worth $75,000. Finally, Pinnacle Wealth Planning Services Inc. raised its position in Mirion Technologies by 30.7% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 7,096 shares of the company's stock valued at $100,000 after buying an additional 1,667 shares during the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.

Mirion Technologies Price Performance

Mirion Technologies stock opened at $17.18 on Friday. Mirion Technologies, Inc. has a one year low of $14.04 and a one year high of $28.71. The business has a fifty day moving average price of $15.95 and a 200-day moving average price of $18.19. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.02 and a quick ratio of 2.49. The firm has a market capitalization of $4.28 billion, a P/E ratio of 143.14 and a beta of 1.07.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its earnings results on Tuesday, October 27th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. Mirion Technologies had a return on equity of 6.82% and a net margin of 2.69%. The business had revenue of $277.80 million during the quarter, compared to the consensus estimate of $275.35 million. During the same quarter last year, the company earned $0.01 EPS. The firm's revenue was up 24.5% compared to the same quarter last year. As a group, equities research analysts forecast that Mirion Technologies, Inc. will post 0.54 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. The Goldman Sachs Group restated a "buy" rating and set a $23.00 price objective on shares of Mirion Technologies in a research note on Wednesday, July 29th. Morgan Stanley reduced their target price on shares of Mirion Technologies from $27.00 to $25.00 and set an "equal weight" rating for the company in a research note on Monday, July 13th. B. Riley Financial reiterated a "buy" rating and issued a $25.00 target price (down from $27.00) on shares of Mirion Technologies in a report on Thursday, October 29th. Jefferies Financial Group assumed coverage on shares of Mirion Technologies in a research report on Thursday, September 3rd. They set a "buy" rating and a $20.00 price target on the stock. Finally, Weiss Ratings cut shares of Mirion Technologies from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.88.

Mirion Technologies Profile

Mirion Technologies, Inc develops, manufactures and supplies radiation detection, measurement and analysis technologies. Its products are designed to detect and measure ionizing radiation, monitor exposure and contamination, and support the safe management of radioactive materials and environments.

The company serves a range of end markets, including nuclear power, healthcare, defense and national security, scientific research, industrial operations and laboratories. Its offerings include radiation detectors, dosimetry systems, spectroscopy and monitoring equipment, radiation safety software, and related services.

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