67,175 Shares in Mirion Technologies, Inc. $MIR Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC bought a new position in Mirion Technologies, Inc. (NYSE:MIR) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 67,175 shares of the company’s stock, valued at approximately $1,562,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in shares of Mirion Technologies by 16.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,909 shares of the company’s stock valued at $91,000 after acquiring an additional 543 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in Mirion Technologies by 2.7% in the second quarter. Ameritas Investment Partners Inc. now owns 21,455 shares of the company’s stock valued at $462,000 after purchasing an additional 557 shares in the last quarter. Simon Quick Advisors LLC lifted its position in Mirion Technologies by 2.4% during the second quarter. Simon Quick Advisors LLC now owns 25,300 shares of the company’s stock valued at $545,000 after purchasing an additional 595 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Mirion Technologies by 96.5% during the third quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company’s stock valued at $38,000 after purchasing an additional 811 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Mirion Technologies by 18.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 6,146 shares of the company’s stock worth $133,000 after buying an additional 941 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Insider Buying and Selling

In related news, Director Lawrence D. Kingsley sold 350,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total value of $8,655,500.00. Following the completion of the sale, the director owned 3,509,075 shares of the company’s stock, valued at $86,779,424.75. This trade represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.30% of the stock is owned by insiders.

Mirion Technologies Trading Down 1.6%

Shares of MIR opened at $24.89 on Friday. The stock has a market capitalization of $6.32 billion, a P/E ratio of 226.29 and a beta of 0.95. The company has a quick ratio of 4.32, a current ratio of 4.83 and a debt-to-equity ratio of 0.63. The firm has a fifty day simple moving average of $25.07 and a two-hundred day simple moving average of $23.82. Mirion Technologies, Inc. has a twelve month low of $12.00 and a twelve month high of $30.28.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.The company had revenue of $223.10 million for the quarter, compared to the consensus estimate of $222.17 million. During the same quarter in the previous year, the business earned $0.08 EPS. Mirion Technologies’s revenue was up 7.9% compared to the same quarter last year. On average, research analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MIR shares. Weiss Ratings restated a “hold (c)” rating on shares of Mirion Technologies in a research report on Wednesday, October 8th. Morgan Stanley started coverage on Mirion Technologies in a research note on Friday, January 23rd. They issued an “equal weight” rating and a $29.00 target price on the stock. Citigroup lowered their price target on Mirion Technologies from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, December 8th. Evercore ISI started coverage on Mirion Technologies in a research note on Tuesday, November 25th. They set an “outperform” rating and a $29.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price objective on Mirion Technologies from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.38.

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.