Wolverine Asset Management LLC Reduces Stock Position in Mirion Technologies, Inc. $MIR

Wolverine Asset Management LLC cut its holdings in Mirion Technologies, Inc. (NYSE:MIR) by 44.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,359 shares of the company’s stock after selling 40,093 shares during the quarter. Wolverine Asset Management LLC’s holdings in Mirion Technologies were worth $1,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wolff Wiese Magana LLC bought a new stake in shares of Mirion Technologies in the 3rd quarter worth approximately $26,000. Conestoga Capital Advisors LLC purchased a new stake in Mirion Technologies in the third quarter worth $31,443,000. New York State Teachers Retirement System bought a new stake in Mirion Technologies in the third quarter valued at $1,269,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Mirion Technologies by 76.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 417,790 shares of the company’s stock valued at $9,718,000 after acquiring an additional 181,450 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund purchased a new position in Mirion Technologies during the 3rd quarter valued at $1,284,000. Institutional investors own 78.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MIR shares. Northland Securities raised their target price on shares of Mirion Technologies from $26.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Citigroup lowered their price objective on shares of Mirion Technologies from $35.00 to $33.00 and set a “buy” rating for the company in a report on Monday, December 8th. JPMorgan Chase & Co. lifted their price objective on Mirion Technologies from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Robert W. Baird upped their target price on Mirion Technologies from $23.00 to $26.00 and gave the stock 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 analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Mirion Technologies currently has a consensus rating of “Buy” and an average target price of $28.29.

Mirion Technologies Price Performance

Shares of NYSE MIR opened at $26.97 on Friday. The company has a 50 day simple moving average of $24.88 and a two-hundred day simple moving average of $23.46. Mirion Technologies, Inc. has a fifty-two week low of $12.00 and a fifty-two week high of $30.28. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 245.20 and a beta of 0.95. The company has a debt-to-equity ratio of 0.63, a quick ratio of 4.32 and a current ratio of 4.83.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings results 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 firm had revenue of $223.10 million for the quarter, compared to analysts’ expectations of $222.17 million. During the same period in the previous year, the firm posted $0.08 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Analysts expect that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Insider Activity at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 350,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the completion of the transaction, the director directly owned 3,509,075 shares in the company, valued at $86,779,424.75. This trade represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 6.30% of the company’s stock.

About Mirion Technologies

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.