Gabelli Funds LLC Sells 62,270 Shares of Mirion Technologies, Inc. $MIR

Gabelli Funds LLC lowered its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 14.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 367,980 shares of the company’s stock after selling 62,270 shares during the quarter. Gabelli Funds LLC owned 0.15% of Mirion Technologies worth $6,841,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in Mirion Technologies by 258.2% during the first quarter. Royal Bank of Canada now owns 98,828 shares of the company’s stock worth $1,433,000 after acquiring an additional 71,241 shares in the last quarter. AQR Capital Management LLC grew its stake in Mirion Technologies by 124.3% in the first quarter. AQR Capital Management LLC now owns 199,211 shares of the company’s stock valued at $2,889,000 after acquiring an additional 110,399 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Mirion Technologies by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 122,962 shares of the company’s stock worth $1,783,000 after acquiring an additional 5,366 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Mirion Technologies by 8.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 434,583 shares of the company’s stock worth $6,301,000 after acquiring an additional 34,973 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of Mirion Technologies during the second quarter worth about $288,000. Institutional investors own 78.51% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Christopher A. Moore sold 8,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $19.64, for a total transaction of $164,976.00. Following the completion of the transaction, the chief accounting officer directly owned 22,157 shares of the company’s stock, valued at $435,163.48. This trade represents a 27.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MIR has been the topic of several recent analyst reports. Weiss Ratings cut Mirion Technologies from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, July 20th. Citigroup dropped their target price on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Robert W. Baird cut their price target on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Morgan Stanley reduced their price target on shares of Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, July 13th. Finally, The Goldman Sachs Group lowered their price objective on shares of Mirion Technologies from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Mirion Technologies has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Mirion Technologies Stock Up 1.5%

MIR stock opened at $16.80 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.19 and a quick ratio of 2.63. The stock has a market capitalization of $4.21 billion, a P/E ratio of 167.95 and a beta of 1.03. The business has a 50-day moving average of $17.31 and a 200-day moving average of $19.96. Mirion Technologies, Inc. has a fifty-two week low of $15.57 and a fifty-two week high of $30.28.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The business had revenue of $257.60 million during the quarter, compared to the consensus estimate of $244.78 million. During the same period last year, the company earned $0.10 earnings per share. Mirion Technologies’s quarterly revenue was up 27.5% on a year-over-year basis. On average, sell-side analysts anticipate that Mirion Technologies, Inc. will post 0.53 earnings per share for the current fiscal year.

Mirion Technologies Profile

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.