Cooperman Leon G Increases Holdings in Mirion Technologies, Inc. $MIR

Cooperman Leon G lifted its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 17.7% in the third quarter, HoldingsChannel reports. The fund owned 8,383,441 shares of the company’s stock after buying an additional 1,258,441 shares during the period. Mirion Technologies accounts for approximately 6.1% of Cooperman Leon G’s investment portfolio, making the stock its 5th largest holding. Cooperman Leon G’s holdings in Mirion Technologies were worth $194,999,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MIR. Wolff Wiese Magana LLC bought a new position in Mirion Technologies in the third quarter valued at about $26,000. Salomon & Ludwin LLC acquired a new position in Mirion Technologies during the 3rd quarter valued at about $30,000. Fortress Investment Group LLC bought a new position in shares of Mirion Technologies in the 2nd quarter valued at about $32,000. EverSource Wealth Advisors LLC boosted its stake in shares of Mirion Technologies by 470.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $35,000 after purchasing an additional 1,354 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Mirion Technologies by 96.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company’s stock worth $38,000 after buying an additional 811 shares during the period. Institutional investors and hedge funds own 78.51% of the company’s stock.

Mirion Technologies Price Performance

MIR 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 12 month low of $12.00 and a 12 month high of $30.28. The company has a quick ratio of 2.34, a current ratio of 2.83 and a debt-to-equity ratio of 0.62. The company has a fifty day simple moving average of $23.55 and a 200 day simple moving average of $23.99.

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 the consensus estimate of $0.16 by ($0.01). Mirion Technologies had a return on equity of 6.97% and a net margin of 3.11%.The business had revenue of $277.40 million for the quarter, compared to the consensus estimate of $281.17 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. On average, research analysts expect that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

MIR has been the topic of several analyst reports. Citigroup cut their price objective on shares of Mirion Technologies from $32.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. JPMorgan Chase & Co. dropped their target price on shares of 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 target on Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday. The Goldman Sachs Group decreased their price objective on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Finally, 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. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Mirion Technologies 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.