Ardsley Advisory Partners LP Increases Position in Mirion Technologies, Inc. $MIR

Ardsley Advisory Partners LP boosted its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR) by 164.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 463,220 shares of the company’s stock after purchasing an additional 288,220 shares during the quarter. Mirion Technologies makes up 1.3% of Ardsley Advisory Partners LP’s holdings, making the stock its 20th largest position. Ardsley Advisory Partners LP owned about 0.20% of Mirion Technologies worth $9,973,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MIR. EverSource Wealth Advisors LLC increased its position in shares of Mirion Technologies by 470.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $35,000 after buying an additional 1,354 shares in the last quarter. FSC Wealth Advisors LLC acquired a new stake in Mirion Technologies in the 2nd quarter valued at $59,000. Nisa Investment Advisors LLC increased its holdings in Mirion Technologies by 24.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,366 shares of the company’s stock worth $72,000 after acquiring an additional 651 shares in the last quarter. AlphaQuest LLC raised its position in Mirion Technologies by 360,400.0% during the first quarter. AlphaQuest LLC now owns 3,605 shares of the company’s stock worth $52,000 after acquiring an additional 3,604 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Mirion Technologies during the first quarter worth $68,000. 78.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 300,000 shares of Mirion Technologies stock in a transaction on Friday, November 21st. The stock was sold at an average price of $23.83, for a total transaction of $7,149,000.00. Following the transaction, the director owned 3,900,000 shares in the company, valued at $92,937,000. The trade was a 7.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MIR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Mirion Technologies in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on Mirion Technologies from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Citigroup reduced their target price on Mirion Technologies from $35.00 to $33.00 and set a “buy” rating for the company in a report on Monday. The Goldman Sachs Group raised their target price on Mirion Technologies from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Finally, Evercore ISI assumed coverage on Mirion Technologies in a research report on Tuesday, November 25th. They set an “outperform” rating and a $29.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $28.29.

Mirion Technologies Price Performance

MIR stock opened at $25.21 on Wednesday. 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 has a 50 day simple moving average of $25.23 and a 200-day simple moving average of $22.58. The firm has a market capitalization of $6.40 billion, a PE ratio of 229.20 and a beta of 0.94. Mirion Technologies, Inc. has a 1 year low of $12.00 and a 1 year high of $30.28.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $223.10 million for the quarter, compared to the consensus estimate of $222.17 million. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.The firm’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 earnings per share. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Equities research analysts anticipate 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.