Gabelli Funds LLC Sells 51,000 Shares of Mirion Technologies, Inc. $MIR

Gabelli Funds LLC reduced its position in Mirion Technologies, Inc. (NYSE:MIR) by 10.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 430,250 shares of the company’s stock after selling 51,000 shares during the quarter. Gabelli Funds LLC’s holdings in Mirion Technologies were worth $10,076,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MIR. Thrivent Financial for Lutherans acquired a new stake in shares of Mirion Technologies in the 3rd quarter valued at $4,182,000. Rhumbline Advisers boosted its stake in shares of Mirion Technologies by 91.1% in the 3rd quarter. Rhumbline Advisers now owns 608,834 shares of the company’s stock valued at $14,161,000 after purchasing an additional 290,232 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Mirion Technologies in the 3rd quarter valued at $1,269,000. Victory Capital Management Inc. boosted its stake in shares of Mirion Technologies by 12.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,082,626 shares of the company’s stock valued at $25,182,000 after purchasing an additional 123,952 shares in the last quarter. Finally, Maven Securities LTD acquired a new stake in shares of Mirion Technologies in the 3rd quarter valued at $6,396,000. 78.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Melius Research upgraded shares of Mirion Technologies to a “strong-buy” rating in a research note on Monday, March 23rd. Citigroup reduced their target price on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Robert W. Baird reduced their target price 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 target price on shares of Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 11th. Finally, Weiss Ratings downgraded shares of Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Mirion Technologies has a consensus rating of “Moderate Buy” and an average price target of $27.13.

Insider Buying and Selling

In related news, CAO Christopher A. Moore sold 8,400 shares of Mirion Technologies stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $19.64, for a total value of $164,976.00. Following the completion of the sale, the chief accounting officer directly owned 22,157 shares in the company, valued at $435,163.48. This trade represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is currently owned by insiders.

Mirion Technologies Stock Performance

Mirion Technologies stock opened at $18.34 on Wednesday. The stock has a 50-day simple moving average of $19.25 and a 200 day simple moving average of $22.69. The company has a quick ratio of 2.63, a current ratio of 3.19 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 183.42 and a beta of 1.07. Mirion Technologies, Inc. has a 12-month low of $16.43 and a 12-month high of $30.28.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $257.60 million during the quarter, compared to analyst estimates of $244.78 million. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The company’s revenue was up 27.5% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, research analysts anticipate that Mirion Technologies, Inc. will post 0.51 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.