Woodmont Investment Counsel LLC Makes New Investment in Mirion Technologies, Inc. $MIR

Woodmont Investment Counsel LLC purchased a new position in Mirion Technologies, Inc. (NYSE:MIR) during the 3rd quarter, HoldingsChannel reports. The firm purchased 138,409 shares of the company’s stock, valued at approximately $1,954,000.

Other hedge funds have also made changes to their positions in the company. Versant Capital Management Inc boosted its stake in Mirion Technologies by 42.8% during the third quarter. Versant Capital Management Inc now owns 2,505 shares of the company’s stock worth $35,000 after buying an additional 751 shares in the last quarter. GAMMA Investing LLC grew its position in Mirion Technologies by 65.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,579 shares of the company’s stock worth $36,000 after acquiring an additional 1,017 shares during the last quarter. Altshuler Shaham Ltd raised its holdings in shares of Mirion Technologies by 12.3% in the first quarter. Altshuler Shaham Ltd now owns 13,147 shares of the company’s stock valued at $244,000 after buying an additional 1,443 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Mirion Technologies by 30.7% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 7,096 shares of the company’s stock worth $100,000 after acquiring an additional 1,667 shares during the last quarter. Finally, Swiss National Bank boosted its position in Mirion Technologies by 0.4% in the 1st quarter. Swiss National Bank now owns 465,900 shares of the company’s stock valued at $8,661,000 after buying an additional 1,700 shares during the last quarter. Institutional investors own 78.51% of the company’s stock.

Analyst Upgrades and Downgrades

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

Mirion Technologies Stock Performance

Shares of MIR opened at $18.32 on Monday. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 152.68 and a beta of 1.07. Mirion Technologies, Inc. has a 12 month low of $14.04 and a 12 month high of $29.83. The firm has a fifty day simple moving average of $15.68 and a 200 day simple moving average of $18.36. The company has a current ratio of 3.02, a quick ratio of 2.49 and a debt-to-equity ratio of 0.65.

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

Mirion Technologies Profile

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.