100,000 Shares in Mirion Technologies, Inc. $MIR Acquired by Monashee Investment Management LLC

Monashee Investment Management LLC bought a new position in Mirion Technologies, Inc. (NYSE:MIR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 100,000 shares of the company’s stock, valued at approximately $2,326,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Mirion Technologies by 28.0% during the third quarter. Vanguard Group Inc. now owns 30,418,327 shares of the company’s stock valued at $707,530,000 after purchasing an additional 6,651,735 shares during the last quarter. Invesco Ltd. lifted its position in Mirion Technologies by 713.2% during the second quarter. Invesco Ltd. now owns 2,617,252 shares of the company’s stock valued at $56,349,000 after acquiring an additional 2,295,414 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of Mirion Technologies in the 2nd quarter worth $34,269,000. Massachusetts Financial Services Co. MA boosted its holdings in Mirion Technologies by 40.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,391,772 shares of the company’s stock worth $125,413,000 after acquiring an additional 1,558,104 shares in the last quarter. Finally, Hood River Capital Management LLC acquired a new stake in Mirion Technologies in the 2nd quarter worth approximately $31,655,000. 78.51% of the stock is owned by institutional investors.

Mirion Technologies Stock Down 1.4%

Shares of NYSE MIR opened at $21.61 on Friday. The company has a 50 day simple moving average of $24.09 and a 200-day simple moving average of $23.96. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.83 and a quick ratio of 2.34. The company has a market capitalization of $5.41 billion, a P/E ratio of 196.43 and a beta of 0.97. Mirion Technologies, Inc. has a 1 year low of $12.00 and a 1 year high of $30.28.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). The business had revenue of $277.40 million during the quarter, compared to analyst estimates of $281.17 million. Mirion Technologies had a net margin of 3.11% and a return on equity of 6.97%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company earned $0.17 EPS. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. On average, equities research analysts predict that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MIR shares. Evercore began coverage on Mirion Technologies in a research note on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 target price for the company. The Goldman Sachs Group decreased their target price on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Citigroup reduced their price target on Mirion Technologies from $32.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, Morgan Stanley began coverage on shares of Mirion Technologies in a report on Friday, January 23rd. They set an “equal weight” rating and a $29.00 price objective on the stock. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Mirion Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.38.

Insider Buying and Selling at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 350,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $24.73, for a total value of $8,655,500.00. Following the transaction, the director directly owned 3,509,075 shares in the company, valued at approximately $86,779,424.75. This represents a 9.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.30% of the stock is currently owned by corporate insiders.

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.