Rice Hall James & Associates LLC Sells 46,792 Shares of Mirion Technologies, Inc. $MIR

Rice Hall James & Associates LLC reduced its stake in Mirion Technologies, Inc. (NYSE:MIR) by 17.3% during the third quarter, Holdings Channel.com reports. The fund owned 223,031 shares of the company’s stock after selling 46,792 shares during the period. Rice Hall James & Associates LLC’s holdings in Mirion Technologies were worth $5,188,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MIR. AlphaQuest LLC lifted its position in shares of Mirion Technologies by 360,400.0% in 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. Smartleaf Asset Management LLC grew its holdings 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 during the period. Ieq Capital LLC acquired a new position in shares of Mirion Technologies in the 1st quarter valued at about $216,000. Trexquant Investment LP boosted its position in shares of Mirion Technologies by 25.1% during the 1st quarter. Trexquant Investment LP now owns 567,609 shares of the company’s stock valued at $8,230,000 after purchasing an additional 114,065 shares in the last quarter. Finally, Kingdon Capital Management L.L.C. grew its stake in Mirion Technologies by 12.5% during the first quarter. Kingdon Capital Management L.L.C. now owns 450,000 shares of the company’s stock worth $6,525,000 after purchasing an additional 50,000 shares during the period. Institutional investors and hedge funds own 78.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Northland Securities boosted their price target on Mirion Technologies from $26.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. increased their target price on shares of Mirion Technologies from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Evercore ISI started coverage on shares of Mirion Technologies in a report on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price target for the company. Robert W. Baird upped their price objective on shares of Mirion Technologies from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mirion Technologies in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $28.29.

Mirion Technologies Trading Down 0.9%

NYSE:MIR opened at $23.77 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.83 and a quick ratio of 4.32. The firm has a 50-day moving average of $25.34 and a 200-day moving average of $22.96. The company has a market cap of $6.03 billion, a PE ratio of 216.07 and a beta of 0.94. Mirion Technologies, Inc. has a one year low of $12.00 and a one year high of $30.28.

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

Insider Transactions at Mirion Technologies

In related news, Director Lawrence D. Kingsley sold 350,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total value of $8,655,500.00. Following the completion of the sale, the director directly owned 3,509,075 shares of the company’s stock, valued at approximately $86,779,424.75. This represents a 9.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 6.30% of the company’s stock.

Mirion Technologies Company Profile

Mirion Technologies Inc (NYSE: MIR) is a leading global provider of radiation detection, measurement and monitoring solutions. The company’s portfolio includes instrumentation, software and service offerings designed to detect, quantify and manage radiation in nuclear power, oil and gas, defense and homeland security, medical imaging and diagnostic applications. Mirion’s product suite spans personal and environmental dosimetry, area monitors, digital imaging detectors and turnkey solutions for decommissioning and environmental remediation projects.

Mirion traces its origins to the combination of several established radiation measurement businesses, including the former Canberra nuclear instrumentation division, and has been supported by private equity investors before completing its initial public offering on the New York Stock Exchange in 2023.