Stephens Investment Management Group LLC purchased a new position in Mirion Technologies, Inc. (NYSE:MIR – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 809,943 shares of the company’s stock, valued at approximately $18,969,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in Mirion Technologies in the 3rd quarter worth $25,000. EverSource Wealth Advisors LLC increased its holdings in Mirion Technologies by 470.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after acquiring an additional 1,354 shares in the last quarter. GAMMA Investing LLC increased its holdings in Mirion Technologies by 138.5% in the 4th quarter. GAMMA Investing LLC now owns 2,242 shares of the company’s stock worth $53,000 after acquiring an additional 1,302 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Mirion Technologies by 68.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,781 shares of the company’s stock worth $65,000 after acquiring an additional 1,130 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Mirion Technologies by 16.1% during the third quarter. Nisa Investment Advisors LLC now owns 3,909 shares of the company’s stock worth $91,000 after buying an additional 543 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.
Mirion Technologies Price Performance
Shares of NYSE MIR opened at $18.17 on Monday. The firm has a 50-day simple moving average of $19.36 and a 200-day simple moving average of $22.82. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 181.71 and a beta of 1.07. The company has a quick ratio of 2.63, a current ratio of 3.19 and a debt-to-equity ratio of 0.63. Mirion Technologies, Inc. has a 52 week low of $16.43 and a 52 week high of $30.28.
Insider Activity
In related news, CAO Christopher A. Moore sold 8,400 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $19.64, for a total value of $164,976.00. Following the completion of the sale, the chief accounting officer owned 22,157 shares of the company’s stock, valued at approximately $435,163.48. This represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 6.30% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. Melius Research upgraded shares of Mirion Technologies to a “strong-buy” rating in a research report on Monday, March 23rd. The Goldman Sachs Group reduced their target price on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Weiss Ratings cut shares of Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Morgan Stanley reduced their target price on shares of Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 11th. Finally, Citigroup reduced their target price on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Mirion Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $27.13.
View Our Latest Stock Analysis on MIR
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.
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