Geode Capital Management LLC Increases Stock Position in Mirion Technologies, Inc. $MIR

Geode Capital Management LLC increased its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,786,596 shares of the company’s stock after buying an additional 157,687 shares during the period. Geode Capital Management LLC’s holdings in Mirion Technologies were worth $135,545,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in Mirion Technologies by 25.2% during the third quarter. EverSource Wealth Advisors LLC now owns 2,056 shares of the company’s stock worth $48,000 after buying an additional 414 shares in the last quarter. US Bancorp DE boosted its holdings in Mirion Technologies by 6.6% during the third quarter. US Bancorp DE now owns 6,874 shares of the company’s stock worth $160,000 after buying an additional 425 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Mirion Technologies by 4.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 10,567 shares of the company’s stock worth $247,000 after buying an additional 484 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Mirion Technologies by 1.7% during the third quarter. Oppenheimer & Co. Inc. now owns 32,062 shares of the company’s stock worth $746,000 after buying an additional 550 shares in the last quarter. Finally, Xponance Inc. boosted its holdings in Mirion Technologies by 4.2% during the third quarter. Xponance Inc. now owns 17,360 shares of the company’s stock worth $404,000 after buying an additional 701 shares in the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.

Mirion Technologies Stock Performance

MIR opened at $18.20 on Friday. The company has a quick ratio of 2.63, a current ratio of 3.19 and a debt-to-equity ratio of 0.63. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 181.96 and a beta of 1.03. Mirion Technologies, Inc. has a 52-week low of $16.43 and a 52-week high of $30.28. The firm’s fifty day simple moving average is $18.80 and its two-hundred day simple moving average is $21.88.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data 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 business had revenue of $257.60 million for the quarter, compared to the consensus estimate of $244.78 million. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. The company’s revenue was up 27.5% compared to the same quarter last year. During the same period last year, the firm posted $0.10 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Equities analysts anticipate that Mirion Technologies, Inc. will post 0.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

MIR has been the topic of a number of recent analyst reports. Robert W. Baird lowered their price target on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. The Goldman Sachs Group lowered their price target on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. JPMorgan Chase & Co. lowered their price target on shares of Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. Melius Research raised shares of Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. Finally, Morgan Stanley lowered their price target on shares of Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $27.13.

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, CAO Christopher A. Moore sold 8,400 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $19.64, for a total transaction of $164,976.00. Following the transaction, the chief accounting officer directly owned 22,157 shares of the company’s stock, valued at $435,163.48. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.30% of the stock is currently owned by 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.