Mutual of America Capital Management LLC Takes Position in Mirion Technologies, Inc. $MIR

Mutual of America Capital Management LLC bought a new position in shares of Mirion Technologies, Inc. (NYSE:MIR) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 27,457 shares of the company’s stock, valued at approximately $639,000.

A number of other hedge funds also recently bought and sold shares of MIR. Wolff Wiese Magana LLC purchased a new stake in Mirion Technologies in the 3rd quarter worth approximately $26,000. Salomon & Ludwin LLC bought a new position in shares of Mirion Technologies during the third quarter valued at approximately $30,000. Fortress Investment Group LLC bought a new position in shares of Mirion Technologies during the second quarter valued at approximately $32,000. EverSource Wealth Advisors LLC lifted its stake in Mirion Technologies by 470.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after acquiring an additional 1,354 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Mirion Technologies by 96.5% in the third quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company’s stock valued at $38,000 after acquiring an additional 811 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Insiders Place Their Bets

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 350,000 shares of Mirion Technologies stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the completion of the transaction, the director owned 3,509,075 shares in the company, valued at approximately $86,779,424.75. The trade was a 9.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Mirion Technologies from $28.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Evercore ISI initiated coverage on shares of Mirion Technologies in a research report on Tuesday, November 25th. They set an “outperform” rating and a $29.00 price target on the stock. Morgan Stanley assumed coverage on shares of Mirion Technologies in a report on Friday, January 23rd. They issued an “equal weight” rating and a $29.00 price objective for the company. Citigroup reduced their target price on Mirion Technologies from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mirion Technologies in a research note on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.38.

Mirion Technologies Price Performance

Shares of MIR opened at $25.44 on Wednesday. Mirion Technologies, Inc. has a fifty-two week low of $12.00 and a fifty-two week high of $30.28. The firm’s 50-day simple moving average is $25.07 and its two-hundred day simple moving average is $23.90. The stock has a market cap of $6.46 billion, a PE ratio of 231.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.63, a quick ratio of 4.32 and a current ratio of 4.83.

About Mirion Technologies

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.