Hood River Capital Management LLC Acquires New Holdings in Mirion Technologies, Inc. $MIR

Hood River Capital Management LLC bought a new position in Mirion Technologies, Inc. (NYSE:MIR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,470,273 shares of the company’s stock, valued at approximately $31,655,000. Hood River Capital Management LLC owned about 0.63% of Mirion Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its position in shares of Mirion Technologies by 470.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $35,000 after purchasing an additional 1,354 shares during the period. AlphaQuest LLC grew its stake in Mirion Technologies by 360,400.0% in the 1st quarter. AlphaQuest LLC now owns 3,605 shares of the company’s stock valued at $52,000 after buying an additional 3,604 shares during the last quarter. FSC Wealth Advisors LLC acquired a new position in Mirion Technologies in the 2nd quarter valued at $59,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Mirion Technologies in the 1st quarter worth $68,000. Finally, Nisa Investment Advisors LLC lifted its position in Mirion Technologies by 24.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,366 shares of the company’s stock worth $72,000 after acquiring an additional 651 shares during the last quarter. Institutional investors own 78.51% of the company’s stock.

Insider Buying and Selling

In related news, Director Lawrence D. Kingsley sold 300,000 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $23.83, for a total value of $7,149,000.00. Following the completion of the transaction, the director directly owned 3,900,000 shares of the company’s stock, valued at $92,937,000. This trade represents a 7.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MIR shares. Robert W. Baird raised their price target on Mirion Technologies from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Evercore ISI initiated coverage on Mirion Technologies in a research note on Tuesday, November 25th. They set an “outperform” rating and a $29.00 target price for the company. The Goldman Sachs Group raised their target price on Mirion Technologies from $22.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. JPMorgan Chase & Co. upped their price target on Mirion Technologies from $28.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mirion Technologies in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Mirion Technologies has an average rating of “Buy” and an average target price of $28.57.

Mirion Technologies Trading Down 1.8%

Shares of MIR opened at $25.04 on Monday. Mirion Technologies, Inc. has a 12-month low of $12.00 and a 12-month high of $30.28. The company has a quick ratio of 4.32, a current ratio of 4.83 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 227.61 and a beta of 0.94. The stock’s 50-day moving average price is $25.14 and its 200 day moving average price is $22.49.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.The company had revenue of $223.10 million during the quarter, compared to the consensus estimate of $222.17 million. During the same quarter last year, the company earned $0.08 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, research analysts predict that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

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.