Gabelli Funds LLC Has $6.84 Million Stock Holdings in Mirion Technologies, Inc. $MIR

Gabelli Funds LLC lowered its stake in Mirion Technologies, Inc. (NYSE:MIR) by 14.5% during the first quarter, Holdings Channel.com reports. The fund owned 367,980 shares of the company’s stock after selling 62,270 shares during the period. Gabelli Funds LLC’s holdings in Mirion Technologies were worth $6,841,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Advisory Services Network LLC acquired a new position in Mirion Technologies during the third quarter valued at approximately $25,000. UMB Bank n.a. raised its stake in shares of Mirion Technologies by 175.4% during the 4th quarter. UMB Bank n.a. now owns 1,344 shares of the company’s stock worth $31,000 after purchasing an additional 856 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Mirion Technologies by 470.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after purchasing an additional 1,354 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Mirion Technologies by 58.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company’s stock valued at $40,000 after buying an additional 631 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of Mirion Technologies by 78.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock valued at $47,000 after buying an additional 887 shares during the last quarter. Institutional investors own 78.51% of the company’s stock.

Analysts Set New Price Targets

MIR has been the subject of several analyst reports. Morgan Stanley decreased their target price on shares of Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Monday, July 13th. Citigroup cut their price target on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Robert W. Baird cut their price target on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. The Goldman Sachs Group decreased their price objective on shares of Mirion Technologies from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Finally, Weiss Ratings cut shares of Mirion Technologies from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Mirion Technologies Trading Up 1.5%

Shares of Mirion Technologies stock opened at $16.80 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.19 and a quick ratio of 2.63. The business has a fifty day simple moving average of $17.31 and a two-hundred day simple moving average of $19.96. Mirion Technologies, Inc. has a 1 year low of $15.57 and a 1 year high of $30.28. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 167.95 and a beta of 1.03.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $257.60 million for the quarter, compared to the consensus estimate of $244.78 million. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. The company’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 earnings per share. Research analysts forecast that Mirion Technologies, Inc. will post 0.53 EPS for the current year.

Insider Activity

In related news, CAO Christopher A. Moore sold 8,400 shares of Mirion Technologies stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $19.64, for a total transaction of $164,976.00. Following the completion of the sale, the chief accounting officer owned 22,157 shares of the company’s stock, valued at approximately $435,163.48. The trade was a 27.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

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.