Mirion Technologies, Inc. $MIR Stock Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its position in Mirion Technologies, Inc. (NYSE:MIR) by 84.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,554 shares of the company’s stock after selling 41,482 shares during the quarter. Sterling Capital Management LLC’s holdings in Mirion Technologies were worth $107,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MIR. Versant Capital Management Inc grew its holdings in shares of Mirion Technologies by 42.8% during the 3rd quarter. Versant Capital Management Inc now owns 2,505 shares of the company’s stock valued at $35,000 after purchasing an additional 751 shares during the last quarter. GAMMA Investing LLC lifted its stake in Mirion Technologies by 65.1% in the third quarter. GAMMA Investing LLC now owns 2,579 shares of the company’s stock worth $36,000 after purchasing an additional 1,017 shares during the last quarter. Assetmark Inc. lifted its stake in Mirion Technologies by 8,123.8% in the first quarter. Assetmark Inc. now owns 3,454 shares of the company’s stock worth $64,000 after purchasing an additional 3,412 shares during the last quarter. GK Wealth Management LLC purchased a new stake in Mirion Technologies during the third quarter valued at about $75,000. Finally, Nykredit A S purchased a new stake in Mirion Technologies during the second quarter valued at about $137,000. Institutional investors own 78.51% of the company’s stock.

Mirion Technologies Stock Up 1.6%

Shares of MIR stock opened at $18.66 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.63 and a current ratio of 3.02. Mirion Technologies, Inc. has a fifty-two week low of $14.04 and a fifty-two week high of $29.76. The stock’s 50-day simple moving average is $15.76 and its 200-day simple moving average is $18.32. The firm has a market capitalization of $4.65 billion, a PE ratio of 155.55 and a beta of 1.10.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. Mirion Technologies had a net margin of 2.69% and a return on equity of 6.82%. The business had revenue of $277.80 million during the quarter, compared to the consensus estimate of $275.35 million. During the same quarter in the prior year, the firm posted $0.01 earnings per share. The company’s revenue was up 24.5% compared to the same quarter last year. Equities analysts expect that Mirion Technologies, Inc. will post 0.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MIR. B. Riley Financial restated a “buy” rating and set a $25.00 price target (down from $27.00) on shares of Mirion Technologies in a report on Thursday, October 29th. Citigroup decreased their price objective on shares of Mirion Technologies from $28.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. The Goldman Sachs Group restated a “buy” rating and set a $23.00 price objective on shares of Mirion Technologies in a research report on Wednesday, July 29th. Jefferies Financial Group started coverage on shares of Mirion Technologies in a report on Thursday, September 3rd. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Morgan Stanley reduced their price objective on shares of Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.88.

About Mirion Technologies

Mirion Technologies, Inc develops, manufactures and supplies radiation detection, measurement and analysis technologies. Its products are designed to detect and measure ionizing radiation, monitor exposure and contamination, and support the safe management of radioactive materials and environments.

The company serves a range of end markets, including nuclear power, healthcare, defense and national security, scientific research, industrial operations and laboratories. Its offerings include radiation detectors, dosimetry systems, spectroscopy and monitoring equipment, radiation safety software, and related services.