Ethic Inc. Takes $216,000 Position in Mirion Technologies, Inc. $MIR

Ethic Inc. bought a new position in shares of Mirion Technologies, Inc. (NYSE:MIR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,945 shares of the company’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQuest LLC boosted its position in shares of Mirion Technologies by 360,400.0% during the first quarter. AlphaQuest LLC now owns 3,605 shares of the company’s stock valued at $52,000 after buying an additional 3,604 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Mirion Technologies in the 1st quarter valued at $68,000. Smartleaf Asset Management LLC lifted its stake in Mirion Technologies by 582.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 5,205 shares of the company’s stock valued at $76,000 after acquiring an additional 4,442 shares in the last quarter. CWM LLC boosted its holdings in Mirion Technologies by 1,026.3% during the 1st quarter. CWM LLC now owns 6,431 shares of the company’s stock worth $93,000 after acquiring an additional 5,860 shares during the last quarter. Finally, Corient IA LLC bought a new stake in shares of Mirion Technologies in the 1st quarter worth $145,000. Institutional investors and hedge funds own 78.51% of the company’s stock.

Insider Transactions at Mirion Technologies

In related news, CEO Thomas D. Logan sold 325,000 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 3,742,305 shares of the company’s stock, valued at approximately $79,748,519.55. This represents a 7.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.30% of the stock is owned by insiders.

Mirion Technologies Stock Up 1.0%

Mirion Technologies stock opened at $29.31 on Friday. The firm has a 50 day moving average price of $23.37 and a 200-day moving average price of $20.66. The company has a quick ratio of 2.01, a current ratio of 4.83 and a debt-to-equity ratio of 0.63. Mirion Technologies, Inc. has a twelve month low of $12.00 and a twelve month high of $30.28. The company has a market capitalization of $6.86 billion, a P/E ratio of 266.49 and a beta of 0.88.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.The business had revenue of $223.10 million for the quarter, compared to the consensus estimate of $222.17 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. Mirion Technologies’s revenue for the quarter was up 7.9% 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 predict that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Robert W. Baird increased their target price on shares of Mirion Technologies from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Citigroup increased their price objective on shares of Mirion Technologies from $28.00 to $35.00 and gave the company a “buy” rating in a research note on Friday. Wall Street Zen cut shares of Mirion Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of Mirion Technologies in a research note on Wednesday, October 8th. Finally, Northland Securities upped their target price on Mirion Technologies from $26.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $28.50.

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.