Sciencast Management LP Buys New Stake in Mirion Technologies, Inc. $MIR

Sciencast Management LP acquired a new position in Mirion Technologies, Inc. (NYSE:MIR) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,508 shares of the company’s stock, valued at approximately $152,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of MIR. Ameriprise Financial Inc. bought a new stake in shares of Mirion Technologies in the 4th quarter worth $1,628,000. BNP Paribas Financial Markets bought a new stake in shares of Mirion Technologies in the 4th quarter worth $480,000. Balyasny Asset Management L.P. bought a new stake in shares of Mirion Technologies in the 4th quarter worth $637,000. Cresset Asset Management LLC bought a new stake in shares of Mirion Technologies in the 4th quarter worth $1,021,000. Finally, Deutsche Bank AG raised its stake in shares of Mirion Technologies by 82.7% in the 4th quarter. Deutsche Bank AG now owns 311,446 shares of the company’s stock worth $5,435,000 after buying an additional 141,008 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

Insider Buying and Selling at Mirion Technologies

In other news, CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies stock in a transaction on Monday, August 11th. The stock was sold at an average price of $21.31, for a total transaction of $6,925,750.00. Following the transaction, the chief executive officer owned 3,742,305 shares in the company, valued at approximately $79,748,519.55. The trade was a 7.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Mirion Technologies Stock Performance

Shares of NYSE MIR opened at $22.03 on Wednesday. The company has a quick ratio of 2.01, a current ratio of 2.54 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 734.33 and a beta of 0.82. The stock’s fifty day simple moving average is $21.12 and its 200 day simple moving average is $18.13. Mirion Technologies, Inc. has a 52-week low of $9.11 and a 52-week high of $23.58.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Mirion Technologies had a return on equity of 6.57% and a net margin of 1.12%.The business had revenue of $222.90 million for the quarter, compared to the consensus estimate of $216.78 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. Mirion Technologies’s revenue for the quarter 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. As a group, sell-side analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Northland Securities assumed coverage on Mirion Technologies in a research note on Monday, August 25th. They issued an “outperform” rating and a $26.00 price objective on the stock. Northland Capmk raised Mirion Technologies to a “strong-buy” rating in a research note on Sunday, August 24th. Wall Street Zen downgraded Mirion Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. B. Riley restated a “buy” rating and issued a $22.00 target price (up from $17.00) on shares of Mirion Technologies in a report on Wednesday, July 23rd. Finally, Robert W. Baird lifted their target price on Mirion Technologies from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $23.00.

Mirion Technologies Company Profile

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.