Mirion Technologies, Inc. $MIR Stock Position Boosted by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in Mirion Technologies, Inc. (NYSE:MIR) by 387.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 75,100 shares of the company’s stock after purchasing an additional 59,700 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Mirion Technologies were worth $1,060,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MIR. Dimensional Fund Advisors LP boosted its holdings in Mirion Technologies by 14.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,694,288 shares of the company’s stock valued at $87,240,000 after acquiring an additional 591,730 shares during the period. Bank of New York Mellon Corp grew its position in Mirion Technologies by 47.4% during the 1st quarter. Bank of New York Mellon Corp now owns 4,536,732 shares of the company’s stock worth $84,338,000 after acquiring an additional 1,459,787 shares during the last quarter. Maverick Capital Ltd. purchased a new position in Mirion Technologies in the 1st quarter worth approximately $49,261,000. Emerald Advisers LLC increased its stake in Mirion Technologies by 21.5% in the 1st quarter. Emerald Advisers LLC now owns 1,381,574 shares of the company’s stock worth $25,683,000 after purchasing an additional 244,428 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Mirion Technologies by 2.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,059,030 shares of the company’s stock worth $19,762,000 after purchasing an additional 28,800 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Stock Down 4.4%

Mirion Technologies stock opened at $17.18 on Friday. Mirion Technologies, Inc. has a 12 month low of $14.04 and a 12 month high of $28.71. The stock has a fifty day simple moving average of $15.95 and a two-hundred day simple moving average of $18.19. The company has a current ratio of 3.02, a quick ratio of 2.49 and a debt-to-equity ratio of 0.65. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 143.14 and a beta of 1.07.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. Mirion Technologies had a net margin of 2.69% and a return on equity of 6.82%. The firm had revenue of $277.80 million for the quarter, compared to the consensus estimate of $275.35 million. During the same quarter last year, the firm posted $0.01 EPS. The business’s quarterly revenue was up 24.5% compared to the same quarter last year. Equities analysts predict that Mirion Technologies, Inc. will post 0.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MIR has been the subject of several recent research reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $23.00 price objective on shares of Mirion Technologies in a research report on Wednesday, July 29th. Morgan Stanley cut their target price on shares of Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, July 13th. Citigroup decreased their target price on shares of Mirion Technologies from $28.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Weiss Ratings lowered shares of Mirion Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 30th. Finally, B. Riley Financial reiterated a “buy” rating and set a $25.00 price target (down from $27.00) on shares of Mirion Technologies in a report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Mirion Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $24.88.

Mirion Technologies Company Profile

Mirion Technologies, Inc develops, manufactures and supplies radiation detection, measurement and analysis technologies. Its products are designed to detect and measure ionizing radiation, monitor exposure and contamination, and support the safe management of radioactive materials and environments.

The company serves a range of end markets, including nuclear power, healthcare, defense and national security, scientific research, industrial operations and laboratories. Its offerings include radiation detectors, dosimetry systems, spectroscopy and monitoring equipment, radiation safety software, and related services.