William Blair Investment Management LLC Reduces Position in Mirion Technologies, Inc. $MIR

William Blair Investment Management LLC decreased its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 41.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,005,847 shares of the company’s stock after selling 725,544 shares during the quarter. William Blair Investment Management LLC owned about 0.43% of Mirion Technologies worth $21,656,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. AlphaQuest LLC grew its holdings in shares of Mirion Technologies by 360,400.0% during the first quarter. AlphaQuest LLC now owns 3,605 shares of the company’s stock valued at $52,000 after buying an additional 3,604 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Mirion Technologies during the 1st quarter worth about $68,000. Smartleaf Asset Management LLC grew its stake in Mirion Technologies by 582.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 5,205 shares of the company’s stock valued at $76,000 after purchasing an additional 4,442 shares during the last quarter. CWM LLC increased its holdings in shares of Mirion Technologies by 1,026.3% in the first quarter. CWM LLC now owns 6,431 shares of the company’s stock valued at $93,000 after purchasing an additional 5,860 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Mirion Technologies by 2,310.3% in the first quarter. GAMMA Investing LLC now owns 7,279 shares of the company’s stock worth $106,000 after purchasing an additional 6,977 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Mirion Technologies Stock Down 1.1%

MIR opened at $24.19 on Monday. The company has a fifty day moving average of $22.36 and a two-hundred day moving average of $19.85. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 806.33 and a beta of 0.88. Mirion Technologies, Inc. has a fifty-two week low of $12.00 and a fifty-two week high of $25.54. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.01 and a current ratio of 2.54.

Mirion Technologies (NYSE:MIR) last posted its earnings results on Thursday, July 31st. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $222.90 million for the quarter, compared to analysts’ expectations of $216.78 million. Mirion Technologies had a return on equity of 6.57% and a net margin of 1.12%.The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $0.10 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, research analysts expect that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

MIR has been the topic of several research reports. Northland Securities increased their price target on shares of Mirion Technologies from $26.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mirion Technologies in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Mirion Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Northland Capmk raised shares of Mirion Technologies to a “strong-buy” rating in a report on Sunday, August 24th. Finally, Citigroup lifted their price objective on Mirion Technologies from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $26.33.

Insider Buying and Selling at Mirion Technologies

In other news, CEO Thomas D. Logan sold 325,000 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $21.31, for a total transaction of $6,925,750.00. Following the transaction, the chief executive officer owned 3,742,305 shares in the company, valued at $79,748,519.55. This trade represents a 7.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 6.30% of the stock is currently owned by insiders.

Mirion Technologies Profile

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.