Mirion Technologies, Inc. $MIR Shares Sold by Pier Capital LLC

Pier Capital LLC reduced its stake in Mirion Technologies, Inc. (NYSE:MIR) by 9.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 717,392 shares of the company’s stock after selling 77,434 shares during the quarter. Mirion Technologies makes up 2.7% of Pier Capital LLC’s investment portfolio, making the stock its largest holding. Pier Capital LLC’s holdings in Mirion Technologies were worth $16,801,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in Mirion Technologies in the 3rd quarter worth approximately $25,000. Wolff Wiese Magana LLC acquired a new stake in Mirion Technologies in the 3rd quarter worth approximately $26,000. EverSource Wealth Advisors LLC lifted its holdings in Mirion Technologies by 470.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after purchasing an additional 1,354 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Mirion Technologies by 96.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company’s stock worth $38,000 after purchasing an additional 811 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Mirion Technologies by 138.5% in the 4th quarter. GAMMA Investing LLC now owns 2,242 shares of the company’s stock worth $53,000 after purchasing an additional 1,302 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Robert W. Baird reduced their target price on Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Melius Research upgraded Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. The Goldman Sachs Group reduced their target price on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Weiss Ratings lowered Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday. Finally, Morgan Stanley cut their price target 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. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Mirion Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $27.13.

Mirion Technologies Stock Down 3.2%

Shares of MIR stock opened at $19.74 on Friday. Mirion Technologies, Inc. has a 12 month low of $16.06 and a 12 month high of $30.28. The firm has a market cap of $4.94 billion, a PE ratio of 197.36 and a beta of 1.07. The stock has a 50 day moving average of $19.73 and a 200-day moving average of $23.05. 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 (NYSE:MIR) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The company had revenue of $257.60 million during the quarter, compared to analyst estimates of $244.78 million. During the same period in the previous year, the company earned $0.10 earnings per share. The company’s quarterly revenue was up 27.5% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, equities analysts predict that Mirion Technologies, Inc. will post 0.51 EPS for the current year.

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.