Brown Advisory Inc. decreased its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR – Free Report) by 40.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,613,051 shares of the company’s stock after selling 1,108,732 shares during the period. Brown Advisory Inc.’s holdings in Mirion Technologies were worth $37,778,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in MIR. Advisory Services Network LLC purchased a new stake in shares of Mirion Technologies in the third quarter valued at $25,000. UMB Bank n.a. increased its stake in Mirion Technologies by 175.4% in the 4th quarter. UMB Bank n.a. now owns 1,344 shares of the company’s stock worth $31,000 after buying an additional 856 shares during the period. EverSource Wealth Advisors LLC increased its stake 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 buying an additional 1,354 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Mirion Technologies by 58.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company’s stock worth $40,000 after buying an additional 631 shares during the period. Finally, Global Retirement Partners LLC increased its stake in Mirion Technologies by 78.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock worth $47,000 after buying an additional 887 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.
Mirion Technologies Stock Up 0.9%
Shares of Mirion Technologies stock opened at $16.72 on Tuesday. The firm’s 50 day moving average price is $18.57 and its 200-day moving average price is $21.51. 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 $15.58 and a 52-week high of $30.28. The company has a market cap of $4.19 billion, a P/E ratio of 167.16 and a beta of 1.03.
Insider Activity
In other news, CAO Christopher A. Moore sold 8,400 shares of Mirion Technologies stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $19.64, for a total value of $164,976.00. Following the transaction, the chief accounting officer owned 22,157 shares of the company’s stock, valued at $435,163.48. The trade was a 27.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several research analysts recently commented on MIR shares. Robert W. Baird reduced their price target on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Melius Research upgraded shares of Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. Weiss Ratings cut shares of Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. dropped their target price on shares of Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. Finally, Citigroup dropped their target price on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.13.
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.
Read More
- Five stocks we like better than Mirion Technologies
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win
Want to see what other hedge funds are holding MIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mirion Technologies, Inc. (NYSE:MIR – Free Report).
Receive News & Ratings for Mirion Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mirion Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
