Pinnbrook Capital Management LP Makes New Investment in Mirion Technologies, Inc. $MIR

Pinnbrook Capital Management LP acquired a new stake in shares of Mirion Technologies, Inc. (NYSE:MIR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 335,070 shares of the company’s stock, valued at approximately $7,794,000. Pinnbrook Capital Management LP owned about 0.13% of Mirion Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Mirion Technologies by 28.0% in the 3rd quarter. Vanguard Group Inc. now owns 30,418,327 shares of the company’s stock valued at $707,530,000 after buying an additional 6,651,735 shares during the last quarter. UBS Group AG lifted its position in Mirion Technologies by 181.4% during the 3rd quarter. UBS Group AG now owns 4,796,833 shares of the company’s stock worth $111,574,000 after acquiring an additional 3,092,136 shares during the last quarter. Invesco Ltd. boosted its holdings in Mirion Technologies by 713.2% during the second quarter. Invesco Ltd. now owns 2,617,252 shares of the company’s stock valued at $56,349,000 after acquiring an additional 2,295,414 shares during the period. Loomis Sayles & Co. L P bought a new stake in Mirion Technologies during the second quarter valued at about $34,269,000. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Mirion Technologies by 40.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,391,772 shares of the company’s stock valued at $125,413,000 after purchasing an additional 1,558,104 shares during the last quarter. 78.51% of the stock is owned by institutional investors.

Mirion Technologies Stock Down 7.0%

Shares of MIR stock opened at $18.64 on Friday. The stock has a market cap of $4.67 billion, a P/E ratio of 169.49 and a beta of 0.99. Mirion Technologies, Inc. has a one year low of $12.00 and a one year high of $30.28. The stock has a fifty day moving average price of $23.55 and a 200 day moving average price of $23.97. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.83 and a quick ratio of 2.34.

Mirion Technologies (NYSE:MIR) last posted its earnings results on Tuesday, February 10th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The business had revenue of $277.40 million during the quarter, compared to the consensus estimate of $281.17 million. Mirion Technologies had a net margin of 3.11% and a return on equity of 6.97%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 EPS. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. Analysts predict that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

MIR has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on Mirion Technologies from $33.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, March 9th. Morgan Stanley dropped their price target on Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Citigroup reduced their price objective on Mirion Technologies from $32.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Evercore started coverage on shares of Mirion Technologies in a research note on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price objective on the stock. Finally, The Goldman Sachs Group dropped their target price on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.63.

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.