Swedbank AB Sells 607,000 Shares of Mirion Technologies, Inc. $MIR

Swedbank AB cut its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR) by 15.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,398,200 shares of the company’s stock after selling 607,000 shares during the quarter. Swedbank AB’s holdings in Mirion Technologies were worth $79,586,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in shares of Mirion Technologies during the third quarter valued at $25,000. Wolff Wiese Magana LLC bought a new position in Mirion Technologies during the 3rd quarter worth $26,000. EverSource Wealth Advisors LLC lifted its holdings in 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 buying an additional 1,354 shares during the period. Farther Finance Advisors LLC grew its position in shares of Mirion Technologies by 96.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company’s stock valued at $38,000 after buying an additional 811 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Mirion Technologies by 138.5% in the 4th quarter. GAMMA Investing LLC now owns 2,242 shares of the company’s stock valued at $53,000 after buying an additional 1,302 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Mirion Technologies Trading Up 1.6%

NYSE MIR opened at $20.46 on Thursday. The stock has a market capitalization of $5.12 billion, a P/E ratio of 204.55 and a beta of 1.07. The business has a 50 day simple moving average of $19.76 and a 200 day simple moving average of $23.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.19 and a quick ratio of 2.63. Mirion Technologies, Inc. has a one year low of $15.98 and a one year high of $30.28.

Mirion Technologies (NYSE:MIR) last issued its quarterly 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 firm had revenue of $257.60 million for the quarter, compared to analyst estimates of $244.78 million. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The company’s revenue was up 27.5% compared to the same quarter last year. During the same period 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. Research analysts expect that Mirion Technologies, Inc. will post 0.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. The Goldman Sachs Group cut their price objective on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Melius Research upgraded shares of Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. Citigroup dropped their price target on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. JPMorgan Chase & Co. decreased their price objective on shares of Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, March 26th. Finally, Morgan Stanley lowered their target price on shares of Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 11th. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Mirion Technologies has an average rating of “Moderate Buy” and a consensus target price of $27.13.

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.