Munro Partners Acquires 78,035 Shares of Mirion Technologies, Inc. $MIR

Munro Partners increased its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR) by 64.0% during the third quarter, Holdings Channel.com reports. The fund owned 199,910 shares of the company’s stock after purchasing an additional 78,035 shares during the quarter. Munro Partners’ holdings in Mirion Technologies were worth $4,650,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of MIR. Yousif Capital Management LLC bought a new stake in Mirion Technologies in the 3rd quarter valued at about $1,744,000. Farther Finance Advisors LLC boosted its stake in shares of Mirion Technologies by 96.5% in the third 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 period. Exchange Traded Concepts LLC grew its position in Mirion Technologies by 39.5% during the third quarter. Exchange Traded Concepts LLC now owns 253,080 shares of the company’s stock worth $5,887,000 after buying an additional 71,607 shares in the last quarter. Zevenbergen Capital Investments LLC increased its stake in Mirion Technologies by 2,169.6% during the 3rd quarter. Zevenbergen Capital Investments LLC now owns 231,500 shares of the company’s stock worth $5,385,000 after acquiring an additional 221,300 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in Mirion Technologies by 803.7% in the 2nd quarter. Osaic Holdings Inc. now owns 5,802 shares of the company’s stock valued at $125,000 after acquiring an additional 5,160 shares in the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

Insider Activity at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 350,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the sale, the director directly owned 3,509,075 shares in the company, valued at approximately $86,779,424.75. The trade was a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

Mirion Technologies Stock Performance

NYSE MIR opened at $23.89 on Wednesday. The firm’s fifty day moving average price is $25.38 and its two-hundred day moving average price is $22.92. The stock has a market cap of $6.06 billion, a PE ratio of 217.24 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a quick ratio of 4.32 and a current ratio of 4.83. Mirion Technologies, Inc. has a fifty-two week low of $12.00 and a fifty-two week high of $30.28.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $222.17 million. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.Mirion Technologies’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, equities analysts expect that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MIR. Weiss Ratings reissued a “hold (c)” rating on shares of Mirion Technologies in a report on Wednesday, October 8th. Evercore ISI began coverage on shares of Mirion Technologies in a research report on Tuesday, November 25th. They set an “outperform” rating and a $29.00 price objective for the company. The Goldman Sachs Group raised their target price on shares of Mirion Technologies from $22.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Northland Securities boosted their target price on shares of Mirion Technologies from $26.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Finally, Robert W. Baird increased their price target on shares of Mirion Technologies from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $28.29.

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.