Louisiana State Employees Retirement System bought a new stake in shares of Mirion Technologies, Inc. (NYSE:MIR – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 108,500 shares of the company’s stock, valued at approximately $2,017,000.
Other large investors have also modified their holdings of the company. Advisory Services Network LLC purchased a new stake in shares of Mirion Technologies in the 3rd quarter worth approximately $25,000. UMB Bank n.a. increased its holdings in Mirion Technologies by 175.4% during the fourth quarter. UMB Bank n.a. now owns 1,344 shares of the company’s stock valued at $31,000 after buying an additional 856 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Mirion Technologies by 470.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $35,000 after buying an additional 1,354 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Mirion Technologies by 58.5% in the fourth 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 in the last quarter. Finally, Global Retirement Partners LLC raised its stake in Mirion Technologies by 78.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock worth $47,000 after buying an additional 887 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.
Mirion Technologies Price Performance
Shares of MIR opened at $17.96 on Wednesday. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 179.62 and a beta of 1.03. Mirion Technologies, Inc. has a twelve month low of $15.58 and a twelve month high of $30.28. The company has a quick ratio of 2.63, a current ratio of 3.19 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average of $18.29 and a two-hundred day moving average of $20.95.
Analysts Set New Price Targets
Several analysts have issued reports on MIR shares. Melius Research raised Mirion Technologies to a “strong-buy” rating in a research report on Monday, March 23rd. Morgan Stanley reduced their price target on 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. Citigroup decreased their price objective on Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Weiss Ratings downgraded Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. cut their target price on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, March 26th. One equities 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 issued a Sell rating to the stock. According to MarketBeat.com, Mirion Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $27.12.
View Our Latest Stock Report on Mirion Technologies
Insiders Place Their Bets
In related news, CAO Christopher A. Moore sold 8,400 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $19.64, for a total transaction of $164,976.00. Following the transaction, the chief accounting officer directly owned 22,157 shares in the company, 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 available through this link. 2.20% of the stock is currently owned by company insiders.
About Mirion Technologies
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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