PDT Partners LLC Invests $333,000 in Mirion Technologies, Inc. $MIR

Key Points

• PDT Partners LLC has invested approximately $333,000 in Mirion Technologies by acquiring 22,969 shares during the first quarter.
• CEO Thomas D. Logan recently sold 325,000 shares of Mirion Technologies for about $6.93 million, decreasing his ownership to 3.74 million shares.
• Mirion Technologies has received multiple upgrades from analysts, with Citigroup raising its price objective from $23.00 to $24.00 and Northland Securities giving it an "outperform" rating with a target of $26.00.

PDT Partners LLC purchased a new stake in Mirion Technologies, Inc. (NYSE:MIR - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 22,969 shares of the company's stock, valued at approximately $333,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. T. Rowe Price Investment Management Inc. increased its holdings 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 valued at $300,301,000 after acquiring an additional 322,243 shares during the period. Janus Henderson Group PLC increased its holdings 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 valued at $145,367,000 after acquiring an additional 229,718 shares during the period. Dimensional Fund Advisors LP increased its holdings 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 valued at $106,779,000 after acquiring an additional 178,260 shares during the period. Brown Advisory Inc. increased its holdings in shares of Mirion Technologies by 45.9% in the 1st quarter. Brown Advisory Inc. now owns 5,560,461 shares of the company's stock valued at $80,627,000 after acquiring an additional 1,748,437 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Mirion Technologies by 43.9% in the 1st quarter. American Century Companies Inc. now owns 3,432,814 shares of the company's stock valued at $49,776,000 after acquiring an additional 1,047,781 shares during the period. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Mirion Technologies Stock Performance

Shares of MIR traded down $0.51 during mid-day trading on Wednesday, reaching $21.59. The company had a trading volume of 578,209 shares, compared to its average volume of 2,738,556. Mirion Technologies, Inc. has a 52-week low of $9.11 and a 52-week high of $23.58. The company has a quick ratio of 2.01, a current ratio of 2.54 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $5.05 billion, a P/E ratio of 719.33 and a beta of 0.82. The stock has a 50 day moving average of $21.12 and a two-hundred day moving average of $18.13.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on MIR. B. Riley restated a "buy" rating and set a $22.00 target price (up from $17.00) on shares of Mirion Technologies in a research note on Wednesday, July 23rd. Robert W. Baird boosted their target price on Mirion Technologies from $20.00 to $22.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Wall Street Zen downgraded Mirion Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Northland Capmk upgraded Mirion Technologies to a "strong-buy" rating in a research note on Sunday, August 24th. Finally, Northland Securities began coverage on Mirion Technologies in a research note on Monday, August 25th. They set an "outperform" rating and a $26.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $23.00.

Insider Activity at Mirion Technologies

In other Mirion Technologies news, CEO Thomas D. Logan sold 325,000 shares of the 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 completion of the transaction, the chief executive officer owned 3,742,305 shares of the company's stock, valued at $79,748,519.55. This represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is owned by insiders.

Mirion Technologies 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.