Integrated Advisors Network LLC Sells 7,193 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Integrated Advisors Network LLC cut its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 38.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,298 shares of the company’s stock after selling 7,193 shares during the quarter. Integrated Advisors Network LLC’s holdings in Mirion Technologies were worth $164,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MIR. GAMMA Investing LLC grew its stake in shares of Mirion Technologies by 2,310.3% during the 1st quarter. GAMMA Investing LLC now owns 7,279 shares of the company’s stock valued at $106,000 after acquiring an additional 6,977 shares during the period. US Bancorp DE grew its stake in shares of Mirion Technologies by 3,248.7% during the 4th quarter. US Bancorp DE now owns 6,262 shares of the company’s stock valued at $109,000 after acquiring an additional 6,075 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Mirion Technologies by 162.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company’s stock valued at $116,000 after acquiring an additional 4,120 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Mirion Technologies in the 4th quarter worth approximately $120,000. Finally, Corient Private Wealth LLC purchased a new position in Mirion Technologies in the 4th quarter worth approximately $187,000. 78.51% of the stock is currently owned by institutional investors.

Insider Transactions at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 500,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $17.94, for a total transaction of $8,970,000.00. Following the sale, the director now directly owns 61,287 shares of the company’s stock, valued at $1,099,488.78. This represents a 89.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on MIR. Citigroup lowered their price target on Mirion Technologies from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, April 14th. B. Riley lowered their price target on Mirion Technologies from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Finally, Robert W. Baird lowered their price target on Mirion Technologies from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Mirion Technologies presently has an average rating of “Buy” and a consensus target price of $18.75.

Mirion Technologies Stock Down 2.4%

Shares of MIR opened at $19.93 on Monday. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of -104.89 and a beta of 0.80. Mirion Technologies, Inc. has a 1 year low of $9.11 and a 1 year high of $20.80. The business’s 50 day simple moving average is $16.81 and its 200-day simple moving average is $16.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. The business had revenue of $202.00 million for the quarter, compared to analysts’ expectations of $199.34 million. Mirion Technologies had a positive return on equity of 4.78% and a negative net margin of 4.21%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. As a group, equities analysts expect that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Mirion Technologies Profile

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.