Hollow Brook Wealth Management LLC Sells 84,138 Shares of Mirion Technologies, Inc. $MIR

Hollow Brook Wealth Management LLC trimmed its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 32.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,579 shares of the company’s stock after selling 84,138 shares during the quarter. Mirion Technologies makes up 1.0% of Hollow Brook Wealth Management LLC’s holdings, making the stock its 27th biggest holding. Hollow Brook Wealth Management LLC’s holdings in Mirion Technologies were worth $4,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Rhumbline Advisers increased its holdings in Mirion Technologies by 91.1% in the third quarter. Rhumbline Advisers now owns 608,834 shares of the company’s stock worth $14,161,000 after purchasing an additional 290,232 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Mirion Technologies by 12.9% during the third quarter. Victory Capital Management Inc. now owns 1,082,626 shares of the company’s stock valued at $25,182,000 after acquiring an additional 123,952 shares in the last quarter. Maven Securities LTD bought a new stake in shares of Mirion Technologies during the third quarter valued at approximately $6,396,000. Stephens Investment Management Group LLC bought a new stake in shares of Mirion Technologies during the fourth quarter valued at approximately $18,969,000. Finally, TimesSquare Capital Management LLC bought a new stake in shares of Mirion Technologies during the third quarter valued at approximately $23,570,000. 78.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Morgan Stanley decreased their price objective on Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, March 11th. Citigroup decreased their price objective on Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Weiss Ratings downgraded Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Robert W. Baird decreased their price objective on Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Finally, Melius Research upgraded Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.13.

Mirion Technologies Stock Up 0.9%

Shares of NYSE:MIR opened at $16.72 on Tuesday. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 167.16 and a beta of 1.03. The company has a quick ratio of 2.63, a current ratio of 3.19 and a debt-to-equity ratio of 0.63. Mirion Technologies, Inc. has a 12-month low of $15.58 and a 12-month high of $30.28. The business’s 50 day moving average is $18.57 and its 200 day moving average is $21.51.

Mirion Technologies (NYSE:MIR) last announced its earnings results on Tuesday, April 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $257.60 million for the quarter, compared to analysts’ expectations of $244.78 million. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.Mirion Technologies’s quarterly revenue was up 27.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, sell-side analysts forecast that Mirion Technologies, Inc. will post 0.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Mirion Technologies news, CAO Christopher A. Moore sold 8,400 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $19.64, for a total value of $164,976.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.20% of the company’s stock.

Mirion Technologies Company 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.