Mirion Technologies, Inc. $MIR Shares Sold by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC decreased its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 22.3% during the third quarter, Holdings Channel.com reports. The fund owned 970,261 shares of the company’s stock after selling 277,800 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in Mirion Technologies were worth $13,700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Mirion Technologies by 14.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,694,288 shares of the company’s stock worth $87,240,000 after purchasing an additional 591,730 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Mirion Technologies by 47.4% in the first quarter. Bank of New York Mellon Corp now owns 4,536,732 shares of the company’s stock worth $84,338,000 after purchasing an additional 1,459,787 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in shares of Mirion Technologies in the first quarter worth $49,261,000. Emerald Advisers LLC increased its stake in shares of Mirion Technologies by 21.5% in the first quarter. Emerald Advisers LLC now owns 1,381,574 shares of the company’s stock worth $25,683,000 after purchasing an additional 244,428 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Mirion Technologies by 2.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,059,030 shares of the company’s stock valued at $19,762,000 after purchasing an additional 28,800 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Trading Down 6.1%

Shares of MIR opened at $17.89 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.02 and a quick ratio of 2.49. Mirion Technologies, Inc. has a 1 year low of $14.04 and a 1 year high of $28.81. The company has a 50 day simple moving average of $15.91 and a two-hundred day simple moving average of $18.24. The firm has a market cap of $4.46 billion, a P/E ratio of 39.69 and a beta of 1.07.

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

Analysts Set New Price Targets

MIR has been the topic of a number of analyst reports. Weiss Ratings cut shares of Mirion Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 30th. Citigroup cut their price target on Mirion Technologies from $28.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. The Goldman Sachs Group reissued a “buy” rating and set a $23.00 price target on shares of Mirion Technologies in a report on Wednesday, July 29th. Morgan Stanley lowered their price objective on Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Monday, July 13th. Finally, B. Riley Financial reaffirmed a “buy” rating and issued a $25.00 price objective (down from $27.00) on shares of Mirion Technologies in a research note on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mirion Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $24.88.

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.