Schwartz Investment Counsel Inc. Sells 395,000 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Schwartz Investment Counsel Inc. lowered its stake in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 29.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 954,300 shares of the company's stock after selling 395,000 shares during the period. Schwartz Investment Counsel Inc. owned 0.41% of Mirion Technologies worth $13,837,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its holdings in Mirion Technologies by 4.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 19,386 shares of the company's stock valued at $338,000 after acquiring an additional 865 shares in the last quarter. Swiss National Bank boosted its holdings in Mirion Technologies by 0.5% in the fourth quarter. Swiss National Bank now owns 376,800 shares of the company's stock valued at $6,575,000 after acquiring an additional 2,000 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in Mirion Technologies by 10.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 21,611 shares of the company's stock valued at $377,000 after acquiring an additional 2,031 shares in the last quarter. Xponance Inc. boosted its holdings in Mirion Technologies by 15.9% in the fourth quarter. Xponance Inc. now owns 14,942 shares of the company's stock valued at $261,000 after acquiring an additional 2,048 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in Mirion Technologies by 14.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 28,114 shares of the company's stock valued at $491,000 after acquiring an additional 3,496 shares in the last quarter. Institutional investors own 78.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MIR. B. Riley dropped their target price on shares of Mirion Technologies from $19.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Robert W. Baird dropped their target price on shares of Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Finally, Citigroup dropped their target price on shares of Mirion Technologies from $20.00 to $17.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $18.75.

Insider Buying and Selling

In related news, Director Lawrence D. Kingsley sold 500,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $17.94, for a total value of $8,970,000.00. Following the transaction, the director now owns 61,287 shares in the company, valued at $1,099,488.78. The trade was a 89.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.30% of the stock is currently owned by company insiders.

Mirion Technologies Stock Performance

Shares of MIR stock opened at $21.76 on Friday. Mirion Technologies, Inc. has a 12 month low of $9.11 and a 12 month high of $22.21. The stock has a market cap of $5.05 billion, a PE ratio of -362.58 and a beta of 0.80. The company has a current ratio of 2.23, a quick ratio of 1.69 and a debt-to-equity ratio of 0.44. The company's fifty day moving average price is $17.99 and its 200-day moving average price is $16.55.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.02. The company had revenue of $202.00 million for the quarter, compared to analysts' expectations of $199.34 million. Mirion Technologies had a negative net margin of 1.16% and a positive return on equity of 6.07%. Mirion Technologies's revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 EPS. On average, equities analysts expect that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

About Mirion Technologies

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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