State of Wyoming Sells 23,476 Shares of Mirion Technologies, Inc. $MIR

Key Points

• The State of Wyoming reduced its stake in Mirion Technologies by 22.4%, owning 81,274 shares worth $1,178,000 after selling 23,476 shares in the first quarter.
• CEO Thomas D. Logan sold 325,000 shares for approximately $6.93 million, decreasing his ownership by 7.99% to 3,742,305 shares valued at nearly $79.75 million.
• Mirion Technologies' stock has been rated as a "Buy" or better by multiple analysts, with a consensus price target around $23.00, reflecting positive sentiment in the market.

State of Wyoming lessened its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 22.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,274 shares of the company's stock after selling 23,476 shares during the quarter. State of Wyoming's holdings in Mirion Technologies were worth $1,178,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MIR. AlphaQuest LLC lifted its holdings in Mirion Technologies by 360,400.0% during the 1st quarter. AlphaQuest LLC now owns 3,605 shares of the company's stock worth $52,000 after buying an additional 3,604 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Mirion Technologies in the 1st quarter valued at approximately $68,000. Smartleaf Asset Management LLC increased its position in Mirion Technologies by 582.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 5,205 shares of the company's stock valued at $76,000 after acquiring an additional 4,442 shares during the period. CWM LLC increased its position in Mirion Technologies by 1,026.3% in the 1st quarter. CWM LLC now owns 6,431 shares of the company's stock valued at $93,000 after acquiring an additional 5,860 shares during the period. Finally, GAMMA Investing LLC increased its position in Mirion Technologies by 2,310.3% in the 1st quarter. GAMMA Investing LLC now owns 7,279 shares of the company's stock valued at $106,000 after acquiring an additional 6,977 shares during the period. Institutional investors and hedge funds own 78.51% of the company's stock.

Mirion Technologies Price Performance

Shares of NYSE MIR traded up $0.10 during mid-day trading on Tuesday, reaching $20.60. The company had a trading volume of 892,582 shares, compared to its average volume of 2,499,368. The stock has a market cap of $4.82 billion, a PE ratio of 686.80 and a beta of 0.82. The company has a 50-day moving average price of $21.07 and a two-hundred day moving average price of $17.92. The company has a current ratio of 2.54, a quick ratio of 2.01 and a debt-to-equity ratio of 0.55. Mirion Technologies, Inc. has a 1-year low of $9.11 and a 1-year high of $22.80.

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 the consensus estimate of $0.10 by $0.01. The business had revenue of $222.90 million during the quarter, compared to analysts' expectations of $216.78 million. Mirion Technologies had a return on equity of 6.57% and a net margin of 1.12%.Mirion Technologies's revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 earnings per share. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, equities analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Insider Buying and Selling

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 transaction, the chief executive officer owned 3,742,305 shares in the company, valued at $79,748,519.55. This trade represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MIR has been the topic of several analyst reports. B. Riley restated a "buy" rating and issued a $22.00 target price (up from $17.00) on shares of Mirion Technologies in a research report on Wednesday, July 23rd. Robert W. Baird raised their target price on Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Northland Capmk upgraded Mirion Technologies to a "strong-buy" rating in a research report on Sunday, August 24th. Citigroup lifted their price target on Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Northland Securities initiated coverage on Mirion Technologies in a research report on Monday, August 25th. They set an "outperform" rating and a $26.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $23.00.

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.