Walleye Capital LLC Has $4.15 Million Holdings in Mirion Technologies, Inc. $MIR

Key Points

• Walleye Capital LLC significantly increased its stake in Mirion Technologies, purchasing an additional 174,269 shares to bring its total ownership to 286,320 shares, equating to a 155.5% rise in the first quarter.
• Multiple hedge funds altered their positions in Mirion Technologies, with firms like LPL Financial LLC and Envestnet Asset Management Inc. contributing to a substantial 78.51% institutional ownership of the stock.
• Analyst ratings for Mirion Technologies have generally been positive, with most firms issuing "buy" ratings and an average price target around $23.00, reflecting a growing confidence in the company's performance.

Walleye Capital LLC boosted its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 155.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 286,320 shares of the company's stock after acquiring an additional 174,269 shares during the period. Walleye Capital LLC owned 0.12% of Mirion Technologies worth $4,152,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Xponance Inc. grew its holdings in Mirion Technologies by 5.7% during the 1st quarter. Xponance Inc. now owns 15,793 shares of the company's stock worth $229,000 after acquiring an additional 851 shares during the period. Envestnet Asset Management Inc. grew its holdings in Mirion Technologies by 4.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,386 shares of the company's stock worth $338,000 after acquiring an additional 865 shares during the period. Principal Financial Group Inc. raised its holdings in Mirion Technologies by 14.9% in the first quarter. Principal Financial Group Inc. now owns 14,057 shares of the company's stock worth $204,000 after purchasing an additional 1,820 shares during the period. KBC Group NV raised its holdings in Mirion Technologies by 31.0% in the first quarter. KBC Group NV now owns 10,485 shares of the company's stock worth $152,000 after purchasing an additional 2,483 shares during the period. Finally, Arizona State Retirement System raised its holdings in Mirion Technologies by 4.7% in the first quarter. Arizona State Retirement System now owns 58,214 shares of the company's stock worth $844,000 after purchasing an additional 2,608 shares during the period. Institutional investors and hedge funds own 78.51% of the company's stock.

Mirion Technologies Stock Down 1.8%

Shares of Mirion Technologies stock traded down $0.38 on Monday, hitting $20.48. The company had a trading volume of 1,510,205 shares, compared to its average volume of 2,209,913. The firm has a market capitalization of $4.79 billion, a P/E ratio of 682.63 and a beta of 0.82. Mirion Technologies, Inc. has a twelve month low of $9.11 and a twelve month high of $22.80. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.54 and a quick ratio of 2.01. The stock has a 50-day moving average of $21.07 and a 200-day moving average of $17.92.

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

Insider Activity

In other news, CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $21.31, for a total value of $6,925,750.00. Following the sale, the chief executive officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MIR has been the topic of several analyst reports. B. Riley reiterated a "buy" rating and issued a $22.00 target price (up from $17.00) on shares of Mirion Technologies in a report on Wednesday, July 23rd. Wall Street Zen lowered shares of Mirion Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Robert W. Baird increased their target price on shares of Mirion Technologies from $20.00 to $22.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Northland Capmk upgraded shares of Mirion Technologies to a "strong-buy" rating in a report on Sunday, August 24th. Finally, Northland Securities assumed coverage on shares of Mirion Technologies in a report on Monday, August 25th. They issued 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. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $23.00.

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.