Yousif Capital Management LLC Purchases New Position in Mirion Technologies, Inc. $MIR

Yousif Capital Management LLC acquired a new position in shares of Mirion Technologies, Inc. (NYSE:MIR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 74,991 shares of the company’s stock, valued at approximately $1,744,000.

Several other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in shares of Mirion Technologies by 96.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company’s stock valued at $38,000 after buying an additional 811 shares during the period. Exchange Traded Concepts LLC raised its holdings in Mirion Technologies by 39.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 253,080 shares of the company’s stock worth $5,887,000 after purchasing an additional 71,607 shares during the last quarter. Zevenbergen Capital Investments LLC raised its holdings in Mirion Technologies by 2,169.6% during the 3rd quarter. Zevenbergen Capital Investments LLC now owns 231,500 shares of the company’s stock worth $5,385,000 after purchasing an additional 221,300 shares during the last quarter. Osaic Holdings Inc. lifted its position in Mirion Technologies by 803.7% during the 2nd quarter. Osaic Holdings Inc. now owns 5,802 shares of the company’s stock valued at $125,000 after purchasing an additional 5,160 shares during the period. Finally, FSC Wealth Advisors LLC bought a new position in shares of Mirion Technologies in the 2nd quarter valued at about $59,000. Institutional investors own 78.51% of the company’s stock.

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 350,000 shares of Mirion Technologies stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total value of $8,655,500.00. Following the sale, the director owned 3,509,075 shares of the company’s stock, valued at $86,779,424.75. This trade represents a 9.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Northland Securities raised their price target on Mirion Technologies from $26.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. The Goldman Sachs Group increased their target price on Mirion Technologies from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. JPMorgan Chase & Co. boosted their target price on Mirion Technologies from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Citigroup cut their price target on shares of Mirion Technologies from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, December 8th. Finally, Robert W. Baird boosted their price objective 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. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $28.29.

Mirion Technologies Price Performance

NYSE MIR opened at $23.81 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 4.32 and a current ratio of 4.83. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 216.45 and a beta of 0.94. The business has a 50 day simple moving average of $25.32 and a 200 day simple moving average of $23.03. Mirion Technologies, Inc. has a 52-week low of $12.00 and a 52-week high of $30.28.

Mirion Technologies (NYSE:MIR) last released its quarterly 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. Mirion Technologies had a net margin of 2.93% and a return on equity of 7.09%. The company had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $222.17 million. During the same quarter in the prior year, the company earned $0.08 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share 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.