Swiss National Bank Increases Stake in Mirion Technologies, Inc. $MIR

Key Points

• The Swiss National Bank increased its stake in **Mirion Technologies, Inc.** by 4.4%, acquiring an additional 16,400 shares, bringing its total holdings to approximately **393,200 shares** valued at **$5.7 million**.
• CEO **Thomas D. Logan** sold **325,000 shares** of **Mirion Technologies**, resulting in a **7.99% decrease** in his ownership, while Director **Lawrence D. Kingsley** sold **500,000 shares**, a significant reduction of **89.08%** in his holdings.

Swiss National Bank grew its holdings in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 4.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 393,200 shares of the company's stock after purchasing an additional 16,400 shares during the period. Swiss National Bank owned about 0.17% of Mirion Technologies worth $5,701,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC increased its stake in shares of Mirion Technologies by 1,026.3% during the first quarter. CWM LLC now owns 6,431 shares of the company's stock valued at $93,000 after buying an additional 5,860 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Mirion Technologies by 162.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company's stock valued at $116,000 after buying an additional 4,120 shares during the period. GAMMA Investing LLC increased its stake in shares of Mirion Technologies by 2,310.3% during the first quarter. GAMMA Investing LLC now owns 7,279 shares of the company's stock valued at $106,000 after buying an additional 6,977 shares during the period. KBC Group NV increased its stake in shares of Mirion Technologies by 31.0% during the first quarter. KBC Group NV now owns 10,485 shares of the company's stock valued at $152,000 after buying an additional 2,483 shares during the period. Finally, LPL Financial LLC purchased a new position in shares of Mirion Technologies during the fourth quarter valued at $211,000. Hedge funds and other institutional investors own 78.51% of the company's stock.

Mirion Technologies Stock Performance

Shares of Mirion Technologies stock traded up $0.4450 on Wednesday, reaching $20.2350. 2,021,890 shares of the stock were exchanged, compared to its average volume of 2,954,146. The company has a quick ratio of 2.01, a current ratio of 2.54 and a debt-to-equity ratio of 0.55. Mirion Technologies, Inc. has a twelve month low of $9.11 and a twelve month high of $22.80. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 49.47 and a beta of 0.83. The business has a 50 day moving average price of $20.97 and a two-hundred day moving average price of $17.65.

Mirion Technologies (NYSE:MIR - Get Free Report) last released 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. Mirion Technologies had a return on equity of 6.57% and a net margin of 1.12%.The firm had revenue of $222.90 million during the quarter, compared to the consensus estimate of $216.78 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company's revenue was up 7.6% compared to the same quarter last year. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MIR. B. Riley reaffirmed a "buy" rating and set a $22.00 price objective (up previously from $17.00) on shares of Mirion Technologies in a research report on Wednesday, July 23rd. Citigroup raised their price objective on Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Wall Street Zen downgraded Mirion Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Robert W. Baird raised their price objective on Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. According to MarketBeat.com, Mirion Technologies currently has an average rating of "Buy" and an average target price of $22.25.

Insider Activity at Mirion Technologies

In related news, CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies stock in a transaction dated 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 sale, the chief executive officer owned 3,742,305 shares of the company's stock, valued at $79,748,519.55. The trade was a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.30% of the stock is owned by company 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.