Cwm LLC Has $364,000 Stock Position in Mirion Technologies, Inc. $MIR

Cwm LLC grew its position in Mirion Technologies, Inc. (NYSE:MIR) by 162.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,910 shares of the company’s stock after purchasing an additional 10,479 shares during the period. Cwm LLC’s holdings in Mirion Technologies were worth $364,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. KBC Group NV boosted its stake in shares of Mirion Technologies by 31.0% during the 1st quarter. KBC Group NV now owns 10,485 shares of the company’s stock worth $152,000 after acquiring an additional 2,483 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Mirion Technologies by 169.4% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 236,340 shares of the company’s stock worth $5,088,000 after acquiring an additional 148,619 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Mirion Technologies by 14.9% during the 1st quarter. Principal Financial Group Inc. now owns 14,057 shares of the company’s stock worth $204,000 after acquiring an additional 1,820 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Mirion Technologies by 38.0% during the 1st quarter. Intech Investment Management LLC now owns 127,952 shares of the company’s stock worth $1,855,000 after acquiring an additional 35,218 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in shares of Mirion Technologies by 105.1% during the 2nd quarter. Truist Financial Corp now owns 32,167 shares of the company’s stock worth $693,000 after acquiring an additional 16,484 shares in the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

Mirion Technologies Price Performance

Shares of MIR stock opened at $24.80 on Friday. The stock has a 50 day moving average of $22.64 and a two-hundred day moving average of $20.19. The company has a current ratio of 2.54, a quick ratio of 2.01 and a debt-to-equity ratio of 0.55. Mirion Technologies, Inc. has a 12 month low of $12.00 and a 12 month high of $25.54. The company has a market capitalization of $5.80 billion, a P/E ratio of 826.50 and a beta of 0.88.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Mirion Technologies had a return on equity of 6.57% and a net margin of 1.12%.The company had revenue of $222.90 million during the quarter, compared to the consensus estimate of $216.78 million. During the same quarter last year, the company earned $0.10 EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, equities analysts expect that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on MIR shares. Wall Street Zen downgraded Mirion Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. started coverage on Mirion Technologies in a research note on Friday, September 26th. They set an “overweight” rating and a $28.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Mirion Technologies in a research note on Saturday. Citigroup increased their target price on Mirion Technologies from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Finally, Northland Securities increased their target price on Mirion Technologies from $26.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $26.33.

Insider Activity at Mirion Technologies

In related news, CEO Thomas D. Logan sold 325,000 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $21.31, for a total transaction of $6,925,750.00. Following the completion of the transaction, the chief executive officer owned 3,742,305 shares in the company, valued at $79,748,519.55. This trade represents a 7.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.30% of the stock is owned by company insiders.

About Mirion Technologies

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.