Nicholas Investment Partners LP Raises Position in Mirion Technologies, Inc. $MIR

Nicholas Investment Partners LP raised its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 641,660 shares of the company’s stock after acquiring an additional 56,187 shares during the period. Mirion Technologies comprises approximately 1.1% of Nicholas Investment Partners LP’s investment portfolio, making the stock its 24th largest holding. Nicholas Investment Partners LP owned 0.25% of Mirion Technologies worth $15,028,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Mirion Technologies by 28.0% during the 3rd quarter. Vanguard Group Inc. now owns 30,418,327 shares of the company’s stock valued at $707,530,000 after acquiring an additional 6,651,735 shares in the last quarter. Tudor Investment Corp ET AL lifted its stake in Mirion Technologies by 174,900.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 17,500,000 shares of the company’s stock valued at $407,050,000 after acquiring an additional 17,490,000 shares in the last quarter. State Street Corp lifted its stake in Mirion Technologies by 4.3% during the 4th quarter. State Street Corp now owns 9,198,795 shares of the company’s stock valued at $215,436,000 after acquiring an additional 382,449 shares in the last quarter. Cooperman Leon G lifted its stake in Mirion Technologies by 17.7% during the 3rd quarter. Cooperman Leon G now owns 8,383,441 shares of the company’s stock valued at $194,999,000 after acquiring an additional 1,258,441 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Mirion Technologies by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 5,786,596 shares of the company’s stock valued at $135,545,000 after acquiring an additional 157,687 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on MIR shares. Morgan Stanley dropped 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, March 11th. Robert W. Baird dropped their price objective on Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Weiss Ratings cut Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Melius Research upgraded Mirion Technologies to a “strong-buy” rating in a research note on Monday, March 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.13.

Insider Activity at Mirion Technologies

In other news, CAO Christopher A. Moore sold 8,400 shares of Mirion Technologies stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $19.64, for a total transaction of $164,976.00. Following the sale, the chief accounting officer directly owned 22,157 shares in the company, valued at $435,163.48. The trade was a 27.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.30% of the stock is owned by insiders.

Mirion Technologies Trading Up 1.1%

NYSE MIR opened at $16.60 on Friday. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 165.98 and a beta of 1.03. Mirion Technologies, Inc. has a one year low of $15.58 and a one year 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 business’s fifty day moving average is $18.61 and its 200-day moving average is $21.60.

Mirion Technologies (NYSE:MIR) last released its earnings results on Tuesday, April 28th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $257.60 million for the quarter, compared to analysts’ expectations of $244.78 million. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The business’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Equities research analysts predict that Mirion Technologies, Inc. will post 0.51 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.