Mirion Technologies, Inc. $MIR Stock Position Boosted by Emerald Advisers LLC

Emerald Advisers LLC raised its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 21.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,381,574 shares of the company’s stock after buying an additional 244,428 shares during the period. Emerald Advisers LLC’s holdings in Mirion Technologies were worth $25,683,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of Mirion Technologies in the 3rd quarter worth approximately $25,000. UMB Bank n.a. increased its stake in shares of Mirion Technologies by 175.4% during the fourth quarter. UMB Bank n.a. now owns 1,344 shares of the company’s stock valued at $31,000 after acquiring an additional 856 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Mirion Technologies by 470.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $35,000 after acquiring an additional 1,354 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Mirion Technologies by 58.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company’s stock worth $40,000 after purchasing an additional 631 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in Mirion Technologies by 78.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock worth $47,000 after purchasing an additional 887 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors.

Mirion Technologies Trading Down 4.6%

Shares of NYSE:MIR opened at $16.21 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.63 and a current ratio of 3.19. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 162.15 and a beta of 1.03. Mirion Technologies, Inc. has a 1-year low of $15.58 and a 1-year high of $30.28. The company has a 50 day moving average price of $17.85 and a 200 day moving average price of $20.49.

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

Insider Activity

In related 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 value of $164,976.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 2.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on MIR. Weiss Ratings lowered Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Citigroup dropped their price objective on Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. The Goldman Sachs Group cut their price objective on Mirion Technologies from $28.00 to $25.00 and set a “buy” rating for the company in a report on Friday. JPMorgan Chase & Co. lowered their target price on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. Finally, Melius Research upgraded shares of Mirion Technologies to a “strong-buy” rating in a research report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.38.

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.