Two Creeks Capital Management LP Takes $83.71 Million Position in Mirion Technologies, Inc. $MIR

Two Creeks Capital Management LP bought a new position in shares of Mirion Technologies, Inc. (NYSE:MIR) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 3,598,763 shares of the company’s stock, valued at approximately $83,707,000. Mirion Technologies makes up 6.0% of Two Creeks Capital Management LP’s portfolio, making the stock its 4th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Mirion Technologies by 28.0% during the 3rd quarter. Vanguard Group Inc. now owns 30,418,327 shares of the company’s stock worth $707,530,000 after acquiring an additional 6,651,735 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Mirion Technologies by 40.6% during 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 acquiring an additional 1,558,104 shares during the last quarter. UBS Group AG lifted its holdings in shares of Mirion Technologies by 181.4% during the third quarter. UBS Group AG now owns 4,796,833 shares of the company’s stock worth $111,574,000 after purchasing an additional 3,092,136 shares during the period. Invesco Ltd. grew its stake in shares of Mirion Technologies by 5.3% in the third quarter. Invesco Ltd. now owns 2,756,890 shares of the company’s stock worth $64,125,000 after purchasing an additional 139,638 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of Mirion Technologies by 14.8% in the second quarter. Raymond James Financial Inc. now owns 1,972,536 shares of the company’s stock worth $42,469,000 after purchasing an additional 254,688 shares during the last quarter. 78.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Mirion Technologies Stock Performance

Shares of Mirion Technologies stock opened at $18.64 on Friday. The business has a 50-day moving average price of $23.55 and a two-hundred day moving average price of $23.97. Mirion Technologies, Inc. has a 1-year low of $12.00 and a 1-year high of $30.28. The company has a current ratio of 2.83, a quick ratio of 2.34 and a debt-to-equity ratio of 0.62. The company has a market cap of $4.67 billion, a P/E ratio of 169.49 and a beta of 0.99.

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

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.