Kornitzer Capital Management Inc. KS Acquires New Holdings in Mirion Technologies, Inc. $MIR

Kornitzer Capital Management Inc. KS bought a new position in Mirion Technologies, Inc. (NYSE:MIR) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 174,665 shares of the company’s stock, valued at approximately $3,247,000.

Other large investors have also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL grew its holdings in Mirion Technologies by 174,900.0% during the third quarter. Tudor Investment Corp ET AL now owns 17,500,000 shares of the company’s stock valued at $407,050,000 after purchasing an additional 17,490,000 shares during the last quarter. State Street Corp lifted its stake in shares of Mirion Technologies by 4.3% in the fourth quarter. State Street Corp now owns 9,198,795 shares of the company’s stock worth $215,436,000 after buying an additional 382,449 shares during the last quarter. Cooperman Leon G boosted its holdings in shares of Mirion Technologies by 17.7% during the 3rd quarter. Cooperman Leon G now owns 8,383,441 shares of the company’s stock worth $194,999,000 after buying an additional 1,258,441 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Mirion Technologies by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 5,786,596 shares of the company’s stock worth $135,545,000 after buying an additional 157,687 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Mirion Technologies by 3.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,248,506 shares of the company’s stock worth $122,920,000 after buying an additional 193,914 shares during the period. Institutional investors own 78.51% of the company’s stock.

Mirion Technologies Price Performance

Shares of NYSE:MIR traded up $0.41 during midday trading on Friday, reaching $17.00. 3,380,397 shares of the company’s stock were exchanged, compared to its average volume of 4,100,274. The company’s 50 day simple moving average is $17.92 and its two-hundred day simple moving average is $20.57. The firm has a market capitalization of $4.26 billion, a PE ratio of 170.04 and a beta of 1.03. Mirion Technologies, Inc. has a 12 month low of $15.58 and a 12 month high of $30.28. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.63 and a current ratio of 3.19.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Tuesday, April 28th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $257.60 million for the quarter, compared to analyst estimates of $244.78 million. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. The firm’s revenue was up 27.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Equities research analysts expect that Mirion Technologies, Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Robert W. Baird dropped their target price on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Citigroup decreased their price target on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Melius Research raised Mirion Technologies to a “strong-buy” rating in a research report on Monday, March 23rd. The Goldman Sachs Group dropped their price objective on Mirion Technologies from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. cut their price objective on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Mirion Technologies has an average rating of “Moderate Buy” and an average target price of $26.62.

Insider Buying and Selling

In other Mirion Technologies news, CAO Christopher A. Moore sold 8,400 shares of Mirion Technologies stock in a transaction that occurred 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 of the company’s stock, valued at approximately $435,163.48. The trade was a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.30% of the stock is currently owned by corporate insiders.

Mirion Technologies 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.