Zevenbergen Capital Investments LLC Buys 221,300 Shares of Mirion Technologies, Inc. $MIR

Zevenbergen Capital Investments LLC raised its stake in Mirion Technologies, Inc. (NYSE:MIR) by 2,169.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 231,500 shares of the company’s stock after buying an additional 221,300 shares during the period. Zevenbergen Capital Investments LLC’s holdings in Mirion Technologies were worth $5,385,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Mirion Technologies by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 7,363,954 shares of the company’s stock valued at $106,779,000 after acquiring an additional 178,260 shares in the last quarter. Raymond James Financial Inc. grew its stake in Mirion Technologies by 74.6% in the first quarter. Raymond James Financial Inc. now owns 1,717,848 shares of the company’s stock worth $24,909,000 after purchasing an additional 734,238 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Mirion Technologies during the 1st quarter worth $68,000. AlphaQuest LLC raised 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 valued at $52,000 after purchasing an additional 3,604 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Mirion Technologies by 582.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 5,205 shares of the company’s stock worth $76,000 after buying an additional 4,442 shares during the period. 78.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mirion Technologies

In related news, Director Lawrence D. Kingsley sold 350,000 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the transaction, the director directly owned 3,509,075 shares in the company, valued at $86,779,424.75. The trade was a 9.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MIR. Northland Capmk upgraded Mirion Technologies to a “strong-buy” rating in a research note on Sunday, August 24th. JPMorgan Chase & Co. increased their target price on shares of Mirion Technologies from $28.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Mirion Technologies in a report on Wednesday, October 8th. Citigroup lowered their price target on shares of Mirion Technologies from $35.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, December 8th. Finally, Robert W. Baird increased their price objective on shares of Mirion Technologies from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $28.29.

Mirion Technologies Trading Up 1.4%

NYSE MIR opened at $23.55 on Friday. Mirion Technologies, Inc. has a 52 week low of $12.00 and a 52 week high of $30.28. The company has a 50 day moving average price of $25.41 and a 200 day moving average price of $22.82. The company has a quick ratio of 4.32, a current ratio of 4.83 and a debt-to-equity ratio of 0.63. The firm has a market cap of $5.98 billion, a PE ratio of 214.11 and a beta of 0.94.

Mirion Technologies (NYSE:MIR) last announced its earnings results 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 company had revenue of $223.10 million during the quarter, compared to the consensus estimate of $222.17 million. Mirion Technologies had a net margin of 2.93% and a return on equity of 7.09%. Mirion Technologies’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $0.08 earnings per share. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, sell-side analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal 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.