Mirion Technologies, Inc. $MIR Holdings Lessened by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS reduced its position in Mirion Technologies, Inc. (NYSE:MIR) by 45.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,525 shares of the company’s stock after selling 78,160 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Mirion Technologies were worth $1,306,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MIR. Dimensional Fund Advisors LP raised its holdings in Mirion Technologies by 14.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,694,288 shares of the company’s stock worth $87,240,000 after buying an additional 591,730 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Mirion Technologies by 47.4% during the first quarter. Bank of New York Mellon Corp now owns 4,536,732 shares of the company’s stock worth $84,338,000 after acquiring an additional 1,459,787 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Mirion Technologies in the 1st quarter worth about $49,261,000. Emerald Advisers LLC raised its holdings in shares of Mirion Technologies by 21.5% in the 1st quarter. Emerald Advisers LLC now owns 1,381,574 shares of the company’s stock worth $25,683,000 after acquiring an additional 244,428 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Mirion Technologies by 2.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,059,030 shares of the company’s stock worth $19,762,000 after acquiring an additional 28,800 shares during the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on MIR. Citigroup cut their price target on Mirion Technologies from $28.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Weiss Ratings downgraded Mirion Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 30th. B. Riley Financial reissued a “buy” rating and issued a $25.00 price objective (down from $27.00) on shares of Mirion Technologies in a research note on Thursday, October 29th. Jefferies Financial Group assumed coverage on Mirion Technologies in a report on Thursday, September 3rd. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Morgan Stanley cut their target price on 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. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.88.

Mirion Technologies Stock Performance

Shares of MIR stock opened at $19.49 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.02 and a quick ratio of 2.49. The firm has a 50-day moving average of $16.12 and a 200-day moving average of $18.11. Mirion Technologies, Inc. has a one year low of $14.04 and a one year high of $28.28. The company has a market cap of $4.85 billion, a P/E ratio of 162.40 and a beta of 1.07.

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

Mirion Technologies Company Profile

Mirion Technologies develops radiation detection, measurement and monitoring solutions for customers in the medical, nuclear energy, industrial, defense and research markets. Its products and services help organizations measure radiation, protect workers and the public, and support the safe operation of nuclear facilities.

The company’s offerings include radiation-monitoring systems and instruments, personal dosimetry services, nuclear measurement and control equipment, and technologies used in medical imaging and radiation therapy.