Mirion Technologies, Inc. $MIR Shares Sold by Summit Creek Advisors LLC

Summit Creek Advisors LLC cut its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 15.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 167,311 shares of the company’s stock after selling 31,111 shares during the quarter. Summit Creek Advisors LLC’s holdings in Mirion Technologies were worth $2,362,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc lifted its holdings in shares of Mirion Technologies by 42.8% in the third quarter. Versant Capital Management Inc now owns 2,505 shares of the company’s stock valued at $35,000 after buying an additional 751 shares during the period. GAMMA Investing LLC boosted its stake in Mirion Technologies by 65.1% during the third quarter. GAMMA Investing LLC now owns 2,579 shares of the company’s stock valued at $36,000 after buying an additional 1,017 shares in the last quarter. Assetmark Inc. boosted its stake in Mirion Technologies by 8,123.8% during the first quarter. Assetmark Inc. now owns 3,454 shares of the company’s stock valued at $64,000 after buying an additional 3,412 shares in the last quarter. Covestor Ltd grew its holdings in Mirion Technologies by 64.0% during the third quarter. Covestor Ltd now owns 3,701 shares of the company’s stock worth $52,000 after acquiring an additional 1,444 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Mirion Technologies during the third quarter worth about $73,000. Institutional investors own 78.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on MIR shares. B. Riley Financial reiterated a “buy” rating and issued a $25.00 price target (down from $27.00) on shares of Mirion Technologies in a research report on Thursday, October 29th. Weiss Ratings lowered shares of Mirion Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 30th. The Goldman Sachs Group restated a “buy” rating and set a $23.00 price objective on shares of Mirion Technologies in a research report on Wednesday, July 29th. Jefferies Financial Group initiated coverage on shares of Mirion Technologies in a research note on Thursday, September 3rd. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, Morgan Stanley dropped 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.88.

Mirion Technologies Price Performance

Shares of NYSE:MIR opened at $17.93 on Friday. Mirion Technologies, Inc. has a one year low of $14.04 and a one year high of $28.28. The stock has a fifty day moving average of $16.02 and a 200-day moving average of $18.15. The company has a market capitalization of $4.47 billion, a PE ratio of 149.46 and a beta of 1.07. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.49 and a current ratio of 3.02.

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

About Mirion Technologies

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.