Cookson Peirce & Co. Inc. Takes Position in Mirion Technologies, Inc. $MIR

Cookson Peirce & Co. Inc. purchased a new stake in Mirion Technologies, Inc. (NYSE:MIR) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 20,000 shares of the company’s stock, valued at approximately $431,000.

Other hedge funds have also recently bought and sold shares of the company. KBC Group NV lifted its position in Mirion Technologies by 31.0% in the 1st quarter. KBC Group NV now owns 10,485 shares of the company’s stock valued at $152,000 after purchasing an additional 2,483 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Mirion Technologies by 169.4% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 236,340 shares of the company’s stock worth $5,088,000 after purchasing an additional 148,619 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Mirion Technologies by 14.9% in the 1st quarter. Principal Financial Group Inc. now owns 14,057 shares of the company’s stock worth $204,000 after purchasing an additional 1,820 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of Mirion Technologies by 38.0% in the 1st quarter. Intech Investment Management LLC now owns 127,952 shares of the company’s stock worth $1,855,000 after purchasing an additional 35,218 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in shares of Mirion Technologies by 105.1% during the second quarter. Truist Financial Corp now owns 32,167 shares of the company’s stock valued at $693,000 after acquiring an additional 16,484 shares during the period. 78.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Mirion Technologies news, CEO Thomas D. Logan sold 325,000 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $21.31, for a total transaction of $6,925,750.00. Following the sale, the chief executive officer owned 3,742,305 shares of the company’s stock, valued at $79,748,519.55. This represents a 7.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.30% of the stock is currently owned by corporate insiders.

Mirion Technologies Stock Up 2.7%

MIR opened at $24.01 on Friday. The firm’s 50-day simple moving average is $22.56 and its 200-day simple moving average is $20.06. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.01 and a current ratio of 2.54. Mirion Technologies, Inc. has a twelve month low of $12.00 and a twelve month high of $25.54. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 800.37 and a beta of 0.88.

Mirion Technologies (NYSE:MIR) last posted its earnings results on Thursday, July 31st. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. Mirion Technologies had a net margin of 1.12% and a return on equity of 6.57%. The business had revenue of $222.90 million for the quarter, compared to analyst estimates of $216.78 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Equities research analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MIR shares. Weiss Ratings restated a “hold (c)” rating on shares of Mirion Technologies in a report on Wednesday, October 8th. Northland Capmk raised shares of Mirion Technologies to a “strong-buy” rating in a research report on Sunday, August 24th. Northland Securities boosted their target price on shares of Mirion Technologies from $26.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. B. Riley reaffirmed a “buy” rating and set a $22.00 price objective (up from $17.00) on shares of Mirion Technologies in a report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded shares of Mirion Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Mirion Technologies presently has a consensus rating of “Buy” and an average target price of $26.33.

About Mirion Technologies

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.