Strs Ohio Lowers Stock Holdings in Mirion Technologies, Inc. $MIR

Strs Ohio trimmed its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 54.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,300 shares of the company’s stock after selling 33,800 shares during the quarter. Strs Ohio’s holdings in Mirion Technologies were worth $658,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MIR. Wolff Wiese Magana LLC acquired a new stake in Mirion Technologies in the 3rd quarter valued at about $26,000. Salomon & Ludwin LLC acquired a new stake in Mirion Technologies during the 3rd quarter worth $30,000. Fortress Investment Group LLC purchased a new position in shares of Mirion Technologies during the second quarter worth about $32,000. EverSource Wealth Advisors LLC grew its stake in shares of Mirion Technologies by 470.1% in the 2nd 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 last quarter. Finally, Farther Finance Advisors LLC grew its position in Mirion Technologies by 96.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company’s stock valued at $38,000 after buying an additional 811 shares during the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Price Performance

Shares of NYSE:MIR opened at $25.27 on Friday. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 229.70 and a beta of 0.95. 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 business’s 50 day simple moving average is $25.05 and its 200-day simple moving average is $23.79. Mirion Technologies, Inc. has a 12 month low of $12.00 and a 12 month high of $30.28.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $222.17 million. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.Mirion Technologies’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 earnings per share. As a group, equities analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Lawrence D. Kingsley sold 350,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $24.73, for a total value of $8,655,500.00. Following the sale, the director directly owned 3,509,075 shares in the company, valued at $86,779,424.75. The trade was a 9.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MIR has been the topic of a number of recent analyst reports. Evercore ISI initiated coverage on shares of Mirion Technologies in a research note on Tuesday, November 25th. They set an “outperform” rating and a $29.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Mirion Technologies in a research report on Wednesday, October 8th. Morgan Stanley assumed coverage on Mirion Technologies in a report on Friday, January 23rd. They issued an “equal weight” rating and a $29.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Mirion Technologies from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, Citigroup dropped their price objective on Mirion Technologies from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.38.

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.