Mirion Technologies, Inc. $MIR Stock: Kornitzer Capital Management Inc. KS Trims Stake

Kornitzer Capital Management Inc. KS cut its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR) by 45.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,525 shares of the company’s stock after selling 78,160 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Mirion Technologies were worth $1,306,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MIR. Versant Capital Management Inc boosted its holdings in shares of Mirion Technologies by 42.8% in the 3rd quarter. Versant Capital Management Inc now owns 2,505 shares of the company’s stock worth $35,000 after buying an additional 751 shares during the last quarter. GAMMA Investing LLC increased its holdings in Mirion Technologies by 65.1% during the third quarter. GAMMA Investing LLC now owns 2,579 shares of the company’s stock worth $36,000 after buying an additional 1,017 shares during the last quarter. Assetmark Inc. increased its holdings in Mirion Technologies by 8,123.8% during the first quarter. Assetmark Inc. now owns 3,454 shares of the company’s stock worth $64,000 after buying an additional 3,412 shares during the last quarter. Covestor Ltd increased 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 buying an additional 1,444 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Mirion Technologies in the third quarter worth about $73,000. 78.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MIR shares. B. Riley Financial reiterated a “buy” rating and issued a $25.00 target price (down from $27.00) on shares of Mirion Technologies in a research note on Thursday, October 29th. Weiss Ratings lowered shares of Mirion Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 30th. Morgan Stanley lowered their price target 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. The Goldman Sachs Group reiterated a “buy” rating and issued a $23.00 price objective on shares of Mirion Technologies in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group started coverage on Mirion Technologies in a report on Thursday, September 3rd. They set a “buy” rating and a $20.00 price objective for the company. One equities research 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, Mirion Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $24.88.

Mirion Technologies Trading Up 8.4%

Shares of MIR opened at $19.49 on Tuesday. Mirion Technologies, Inc. has a fifty-two week low of $14.04 and a fifty-two week high of $28.28. The business has a 50-day moving average of $16.12 and a 200 day moving average of $18.11. The firm has a market cap of $4.85 billion, a P/E ratio of 162.40 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 EPS for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $277.80 million for the quarter, compared to the consensus estimate of $275.35 million. Mirion Technologies had a net margin of 2.69% and a return on equity of 6.82%. The company’s revenue was up 24.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 earnings per share. As a group, research analysts forecast that Mirion Technologies, Inc. will post 0.54 EPS for the current year.

Mirion Technologies Company Profile

Mirion Technologies develops radiation detection, measurement and monitoring solutions for customers in the medical, nuclear energy, industrial, defense and research markets. Its products and services help organizations measure radiation, protect workers and the public, and support the safe operation of nuclear facilities.

The company’s offerings include radiation-monitoring systems and instruments, personal dosimetry services, nuclear measurement and control equipment, and technologies used in medical imaging and radiation therapy.