Connor Clark & Lunn Investment Management Ltd. Makes New $2.20 Million Investment in Mirion Technologies, Inc. $MIR

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Mirion Technologies, Inc. (NYSE:MIR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 102,225 shares of the company’s stock, valued at approximately $2,201,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MIR. Nisa Investment Advisors LLC lifted its position in Mirion Technologies by 24.0% during the second quarter. Nisa Investment Advisors LLC now owns 3,366 shares of the company’s stock valued at $72,000 after purchasing an additional 651 shares in the last quarter. AlphaQuest LLC raised its stake in shares of Mirion Technologies by 360,400.0% in the first quarter. AlphaQuest LLC now owns 3,605 shares of the company’s stock worth $52,000 after buying an additional 3,604 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Mirion Technologies during the 1st quarter valued at about $68,000. Smartleaf Asset Management LLC grew its stake in shares of Mirion Technologies by 582.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 5,205 shares of the company’s stock valued at $76,000 after acquiring an additional 4,442 shares during the period. Finally, CWM LLC increased its holdings in Mirion Technologies by 1,026.3% in the 1st quarter. CWM LLC now owns 6,431 shares of the company’s stock worth $93,000 after acquiring an additional 5,860 shares in the last quarter. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Mirion Technologies Stock Up 3.6%

Shares of MIR stock opened at $24.89 on Friday. The company’s fifty day simple moving average is $24.60 and its two-hundred day simple moving average is $21.60. Mirion Technologies, Inc. has a 52 week low of $12.00 and a 52 week high of $30.28. The stock has a market cap of $6.32 billion, a P/E ratio of 226.31 and a beta of 0.88. The company has a quick ratio of 4.32, a current ratio of 4.83 and a debt-to-equity ratio of 0.63.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $223.10 million during the quarter, compared to analyst estimates of $222.17 million. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 earnings per share. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Citigroup lifted their price target on shares of Mirion Technologies from $28.00 to $35.00 and gave the company a “buy” rating in a report on Friday, October 31st. B. Riley restated a “buy” rating and set a $22.00 target price (up previously from $17.00) on shares of Mirion Technologies in a research note on Wednesday, July 23rd. The Goldman Sachs Group upped their target price on shares of Mirion Technologies from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Northland Securities raised their price target on Mirion Technologies from $26.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mirion Technologies in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $28.50.

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.