Wealth Enhancement Advisory Services LLC Purchases Shares of 17,547 Mirion Technologies, Inc. $MIR

Key Points

• Wealth Enhancement Advisory Services LLC has acquired 17,547 shares of Mirion Technologies, Inc., valued at approximately $363,000, as reported in a recent SEC filing.
• CEO Thomas D. Logan sold 325,000 shares for about $6.93 million, reducing his ownership by nearly 8%.
• Equities analysts have generally upgraded their ratings and price targets for MIR, with Robert W. Baird boosting its target from $23 to $26, indicating a positive outlook.

Wealth Enhancement Advisory Services LLC purchased a new stake in Mirion Technologies, Inc. (NYSE:MIR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 17,547 shares of the company's stock, valued at approximately $363,000.

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

Insider Activity

In other news, CEO Thomas D. Logan sold 325,000 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $21.31, for a total value 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 approximately $79,748,519.55. This represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on MIR shares. Robert W. Baird boosted their price target on Mirion Technologies from $23.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, September 29th. The Goldman Sachs Group boosted their price target on Mirion Technologies from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. Wall Street Zen lowered Mirion Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. B. Riley reissued a "buy" rating and set a $22.00 price target (up from $17.00) on shares of Mirion Technologies in a research report on Wednesday, July 23rd. Finally, Northland Securities boosted their price target on Mirion Technologies from $26.00 to $29.00 and gave the stock an "outperform" rating in a research report on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Mirion Technologies has an average rating of "Buy" and an average target price of $25.67.

Mirion Technologies Price Performance

Shares of MIR opened at $23.14 on Wednesday. The company has a market cap of $5.41 billion, a P/E ratio of 771.20 and a beta of 0.88. The stock has a fifty day moving average price of $21.91 and a 200 day moving average price of $19.29. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.54 and a quick ratio of 2.01. Mirion Technologies, Inc. has a 12 month low of $11.48 and a 12 month high of $25.16.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its quarterly earnings data 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 during 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 firm's revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, research analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share for the current 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.

Want to see what other hedge funds are holding MIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mirion Technologies, Inc. (NYSE:MIR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.