State of Alaska Department of Revenue Acquires Shares of 125,407 Mirion Technologies, Inc. $MIR

State of Alaska Department of Revenue bought a new position in shares of Mirion Technologies, Inc. (NYSE:MIR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 125,407 shares of the company’s stock, valued at approximately $2,916,000. State of Alaska Department of Revenue owned about 0.05% of Mirion Technologies at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in Mirion Technologies by 258.2% during the first quarter. Royal Bank of Canada now owns 98,828 shares of the company’s stock worth $1,433,000 after buying an additional 71,241 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Mirion Technologies by 124.3% during the 1st quarter. AQR Capital Management LLC now owns 199,211 shares of the company’s stock valued at $2,889,000 after acquiring an additional 110,399 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Mirion Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 122,962 shares of the company’s stock worth $1,783,000 after purchasing an additional 5,366 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Mirion Technologies by 8.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 434,583 shares of the company’s stock worth $6,301,000 after purchasing an additional 34,973 shares during the period. Finally, Intech Investment Management LLC boosted its holdings in Mirion Technologies by 38.0% in the 1st quarter. Intech Investment Management LLC now owns 127,952 shares of the company’s stock valued at $1,855,000 after purchasing an additional 35,218 shares during the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

Mirion Technologies Trading Up 2.3%

Shares of MIR stock opened at $26.56 on Tuesday. Mirion Technologies, Inc. has a fifty-two week low of $12.00 and a fifty-two week high of $30.28. The company has a 50 day moving average price of $24.96 and a 200 day moving average price of $23.32. The stock has a market capitalization of $6.74 billion, a P/E ratio of 241.49 and a beta of 0.95. 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 (NYSE:MIR) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. Mirion Technologies had a net margin of 2.93% and a return on equity of 7.09%. The company had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $222.17 million. During the same quarter last year, the company posted $0.08 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Equities research analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Lawrence D. Kingsley sold 350,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the director directly owned 3,509,075 shares of the company’s stock, valued at $86,779,424.75. The trade was a 9.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Robert W. Baird lifted their price target on shares of Mirion Technologies from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Northland Securities lifted their target price on Mirion Technologies from $26.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mirion Technologies in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on Mirion Technologies from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Finally, The Goldman Sachs Group boosted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Mirion Technologies has a consensus rating of “Buy” and a consensus target price of $28.29.

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.