Summit Creek Advisors LLC Sells 31,111 Shares of Mirion Technologies, Inc. $MIR

Summit Creek Advisors LLC decreased its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 15.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 167,311 shares of the company’s stock after selling 31,111 shares during the period. Summit Creek Advisors LLC owned about 0.07% of Mirion Technologies worth $2,362,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Versant Capital Management Inc raised its stake in Mirion Technologies by 42.8% during the third quarter. Versant Capital Management Inc now owns 2,505 shares of the company’s stock valued at $35,000 after buying an additional 751 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Mirion Technologies by 65.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,579 shares of the company’s stock worth $36,000 after buying an additional 1,017 shares during the last quarter. Assetmark Inc. grew its position in shares of Mirion Technologies by 8,123.8% in the 1st quarter. Assetmark Inc. now owns 3,454 shares of the company’s stock worth $64,000 after acquiring an additional 3,412 shares in the last quarter. Covestor Ltd grew its position in shares of Mirion Technologies by 64.0% in the 3rd quarter. Covestor Ltd now owns 3,701 shares of the company’s stock worth $52,000 after acquiring an additional 1,444 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Mirion Technologies in the 3rd quarter valued at approximately $73,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Mirion Technologies Price Performance

Shares of MIR opened at $17.93 on Friday. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 149.46 and a beta of 1.07. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.49 and a current ratio of 3.02. Mirion Technologies, Inc. has a one year low of $14.04 and a one year high of $28.28. The stock’s fifty day moving average is $16.02 and its 200-day moving average is $18.15.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $277.80 million during the quarter, compared to the consensus estimate of $275.35 million. Mirion Technologies had a net margin of 2.69% and a return on equity of 6.82%. The company’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 earnings per share. Equities analysts anticipate that Mirion Technologies, Inc. will post 0.54 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of Mirion Technologies in a report on Thursday, September 3rd. They issued a “buy” rating and a $20.00 price objective for the company. Weiss Ratings cut shares of Mirion Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 30th. Morgan Stanley reduced their price target on shares of Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Monday, July 13th. B. Riley Financial restated a “buy” rating and issued a $25.00 price target (down from $27.00) on shares of Mirion Technologies in a research report on Thursday, October 29th. Finally, Citigroup decreased their price target on shares of Mirion Technologies from $28.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $24.88.

Mirion Technologies Company Profile

Mirion Technologies, Inc develops, manufactures and supplies radiation detection, measurement and analysis technologies. Its products are designed to detect and measure ionizing radiation, monitor exposure and contamination, and support the safe management of radioactive materials and environments.

The company serves a range of end markets, including nuclear power, healthcare, defense and national security, scientific research, industrial operations and laboratories. Its offerings include radiation detectors, dosimetry systems, spectroscopy and monitoring equipment, radiation safety software, and related services.