Sterling Capital Management LLC Sells 30,566 Shares of Mirion Technologies, Inc. $MIR

Sterling Capital Management LLC decreased its holdings in Mirion Technologies, Inc. (NYSE:MIR) by 44.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,236 shares of the company’s stock after selling 30,566 shares during the period. Sterling Capital Management LLC’s holdings in Mirion Technologies were worth $711,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tudor Investment Corp ET AL grew its holdings in shares of Mirion Technologies by 174,900.0% in the third quarter. Tudor Investment Corp ET AL now owns 17,500,000 shares of the company’s stock worth $407,050,000 after purchasing an additional 17,490,000 shares during the last quarter. State Street Corp lifted its holdings in Mirion Technologies by 4.3% during the 4th quarter. State Street Corp now owns 9,198,795 shares of the company’s stock valued at $215,436,000 after buying an additional 382,449 shares in the last quarter. Cooperman Leon G boosted its position in Mirion Technologies by 17.7% in the 3rd quarter. Cooperman Leon G now owns 8,383,441 shares of the company’s stock valued at $194,999,000 after buying an additional 1,258,441 shares during the period. Geode Capital Management LLC boosted its position in Mirion Technologies by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 5,786,596 shares of the company’s stock valued at $135,545,000 after buying an additional 157,687 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Mirion Technologies by 3.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,248,506 shares of the company’s stock worth $122,920,000 after acquiring an additional 193,914 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors.

Insider Activity at Mirion Technologies

In other Mirion Technologies news, CAO Christopher A. Moore sold 8,400 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $19.64, for a total transaction of $164,976.00. Following the completion of the transaction, the chief accounting officer owned 22,157 shares of the company’s stock, valued at $435,163.48. This represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.30% of the stock is owned by insiders.

Mirion Technologies Stock Performance

NYSE:MIR opened at $17.90 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.63 and a current ratio of 3.19. The stock has a market capitalization of $4.48 billion, a PE ratio of 179.04 and a beta of 1.03. Mirion Technologies, Inc. has a fifty-two week low of $15.58 and a fifty-two week high of $30.28. The company has a fifty day moving average of $18.26 and a two-hundred day moving average of $20.89.

Mirion Technologies (NYSE:MIR) last released its 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 net margin of 2.56% and a return on equity of 6.44%. The business had revenue of $257.60 million during the quarter, compared to analysts’ expectations of $244.78 million. During the same quarter in the previous year, the company earned $0.10 earnings per share. The company’s quarterly revenue was up 27.5% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, research analysts forecast that Mirion Technologies, Inc. will post 0.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MIR has been the topic of a number of research reports. Weiss Ratings lowered shares of Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Citigroup cut their target price 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. reduced their price target on shares of Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday, March 26th. Robert W. Baird lowered their price target on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Finally, Melius Research raised shares of Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.12.

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.