Entropy Technologies LP Purchases Shares of 38,507 Mirion Technologies, Inc. $MIR

Entropy Technologies LP purchased a new stake in Mirion Technologies, Inc. (NYSE:MIR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,507 shares of the company’s stock, valued at approximately $716,000.

Other hedge funds have also modified their holdings of the company. US Bancorp DE grew its holdings in Mirion Technologies by 6.6% during the 3rd quarter. US Bancorp DE now owns 6,874 shares of the company’s stock valued at $160,000 after buying an additional 425 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Mirion Technologies by 4.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 10,567 shares of the company’s stock worth $247,000 after acquiring an additional 484 shares during the last quarter. Kennedy Capital Management LLC lifted its position in shares of Mirion Technologies by 0.4% in the fourth quarter. Kennedy Capital Management LLC now owns 125,076 shares of the company’s stock valued at $2,929,000 after acquiring an additional 505 shares in the last quarter. Altshuler Shaham Ltd lifted its position in shares of Mirion Technologies by 5.1% in the fourth quarter. Altshuler Shaham Ltd now owns 11,704 shares of the company’s stock valued at $274,000 after acquiring an additional 563 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Mirion Technologies by 58.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company’s stock valued at $40,000 after acquiring an additional 631 shares during the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mirion Technologies

In other news, CAO Christopher A. Moore sold 8,400 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $19.64, for a total value of $164,976.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MIR has been the subject of a number of recent research reports. Citigroup dropped their price objective on Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Weiss Ratings lowered shares of Mirion Technologies from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, July 20th. Morgan Stanley decreased their price target on shares of Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday, July 13th. Finally, The Goldman Sachs Group lowered their price target on shares of Mirion Technologies from $28.00 to $25.00 and set a “buy” rating for the company in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Mirion Technologies Stock Performance

Mirion Technologies stock opened at $16.87 on Wednesday. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 168.72 and a beta of 1.03. Mirion Technologies, Inc. has a 12 month low of $15.57 and a 12 month high of $30.28. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.19 and a quick ratio of 2.63. The stock’s 50-day moving average is $17.28 and its 200-day moving average is $19.91.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Tuesday, July 28th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $266.80 million during the quarter, compared to analysts’ expectations of $269.32 million. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Equities analysts anticipate that Mirion Technologies, Inc. will post 0.53 earnings per share for the current year.

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.