Mirion Technologies, Inc. $MIR Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 39.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 253,080 shares of the company’s stock after purchasing an additional 71,607 shares during the period. Exchange Traded Concepts LLC owned 0.11% of Mirion Technologies worth $5,887,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fortress Investment Group LLC purchased a new position in Mirion Technologies during the second quarter worth $32,000. EverSource Wealth Advisors LLC boosted its stake in shares of Mirion Technologies by 470.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $35,000 after acquiring an additional 1,354 shares during the last quarter. AlphaQuest LLC increased its position in Mirion Technologies by 360,400.0% during the 1st quarter. AlphaQuest LLC now owns 3,605 shares of the company’s stock worth $52,000 after purchasing an additional 3,604 shares in the last quarter. FSC Wealth Advisors LLC acquired a new position in Mirion Technologies in the 2nd quarter valued at about $59,000. Finally, Nisa Investment Advisors LLC lifted 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 valued at $72,000 after purchasing an additional 651 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Insider Transactions at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 350,000 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $24.73, for a total value of $8,655,500.00. Following the completion of the sale, the director owned 3,509,075 shares of the company’s stock, valued at $86,779,424.75. This represents a 9.07% decrease in their ownership of the stock. 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

A number of equities research analysts have recently commented on the stock. Northland Securities lifted their price target on shares of Mirion Technologies from $26.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. The Goldman Sachs Group lifted their target price on shares of Mirion Technologies from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Evercore ISI assumed coverage on Mirion Technologies in a report on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price target for the company. JPMorgan Chase & Co. raised their price objective on Mirion Technologies from $28.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mirion Technologies in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $28.29.

Mirion Technologies Price Performance

MIR stock opened at $23.89 on Wednesday. The company has a market cap of $6.06 billion, a PE ratio of 217.24 and a beta of 0.94. The company has a current ratio of 4.83, a quick ratio of 4.32 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $25.38 and a two-hundred day moving average price of $22.92. Mirion Technologies, Inc. has a 12-month low of $12.00 and a 12-month high of $30.28.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $223.10 million for the quarter, compared to analyst estimates of $222.17 million. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.The company’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, research analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Mirion Technologies Company Profile

Mirion Technologies Inc (NYSE: MIR) is a leading global provider of radiation detection, measurement and monitoring solutions. The company’s portfolio includes instrumentation, software and service offerings designed to detect, quantify and manage radiation in nuclear power, oil and gas, defense and homeland security, medical imaging and diagnostic applications. Mirion’s product suite spans personal and environmental dosimetry, area monitors, digital imaging detectors and turnkey solutions for decommissioning and environmental remediation projects.

Mirion traces its origins to the combination of several established radiation measurement businesses, including the former Canberra nuclear instrumentation division, and has been supported by private equity investors before completing its initial public offering on the New York Stock Exchange in 2023.