Nuveen LLC Makes New $20.13 Million Investment in Mirion Technologies, Inc. $MIR

Nuveen LLC acquired a new position in Mirion Technologies, Inc. (NYSE:MIR) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 1,388,424 shares of the company’s stock, valued at approximately $20,132,000.

A number of other institutional investors have also recently made changes to their positions in MIR. CWM LLC lifted its position in shares of Mirion Technologies by 1,026.3% during the 1st quarter. CWM LLC now owns 6,431 shares of the company’s stock valued at $93,000 after buying an additional 5,860 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Mirion Technologies by 2,310.3% during the 1st quarter. GAMMA Investing LLC now owns 7,279 shares of the company’s stock valued at $106,000 after acquiring an additional 6,977 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Mirion Technologies by 162.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company’s stock valued at $116,000 after acquiring an additional 4,120 shares during the last quarter. KBC Group NV boosted its position in shares of Mirion Technologies by 31.0% during the 1st quarter. KBC Group NV now owns 10,485 shares of the company’s stock valued at $152,000 after acquiring an additional 2,483 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Mirion Technologies by 14.9% during the 1st quarter. Principal Financial Group Inc. now owns 14,057 shares of the company’s stock valued at $204,000 after acquiring an additional 1,820 shares during the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Stock Performance

Shares of NYSE MIR opened at $19.7180 on Wednesday. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 657.27 and a beta of 0.83. The company has a current ratio of 2.54, a quick ratio of 2.01 and a debt-to-equity ratio of 0.55. Mirion Technologies, Inc. has a 1-year low of $9.11 and a 1-year high of $22.80. The stock’s 50-day moving average is $20.97 and its 200 day moving average is $17.63.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company 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%.Mirion Technologies’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $0.10 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, sell-side analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MIR has been the subject of a number of research analyst reports. Wall Street Zen downgraded Mirion Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Robert W. Baird lifted their price target on Mirion Technologies from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Wednesday, July 9th. Citigroup lifted their price target on Mirion Technologies from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Finally, B. Riley reiterated a “buy” rating and set a $22.00 price target (up previously from $17.00) on shares of Mirion Technologies in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $22.25.

Insider Buying and Selling

In other Mirion Technologies news, CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $21.31, for a total value of $6,925,750.00. Following the transaction, the chief executive officer directly owned 3,742,305 shares of the company’s stock, valued at $79,748,519.55. The trade was a 7.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by company insiders.

Mirion Technologies Company 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.