Lisanti Capital Growth LLC Invests $1.56 Million in Mirion Technologies, Inc. $MIR

Lisanti Capital Growth LLC purchased a new position in Mirion Technologies, Inc. (NYSE:MIR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 67,175 shares of the company’s stock, valued at approximately $1,562,000.

A number of other large investors have also added to or reduced their stakes in the stock. Wolff Wiese Magana LLC bought a new stake in Mirion Technologies in the third quarter worth about $26,000. Salomon & Ludwin LLC purchased a new stake in shares of Mirion Technologies during the 3rd quarter worth approximately $30,000. Fortress Investment Group LLC bought a new stake in shares of Mirion Technologies in the 2nd quarter worth approximately $32,000. EverSource Wealth Advisors LLC lifted its stake in Mirion Technologies by 470.1% in the second 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 lifted its stake in Mirion Technologies by 96.5% in the third quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company’s stock valued at $38,000 after purchasing an additional 811 shares during the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Stock Down 1.6%

Shares of NYSE MIR opened at $24.89 on Friday. The company has a quick ratio of 4.32, a current ratio of 4.83 and a debt-to-equity ratio of 0.63. The company has a market cap of $6.32 billion, a P/E ratio of 226.29 and a beta of 0.95. Mirion Technologies, Inc. has a 52 week low of $12.00 and a 52 week high of $30.28. The business has a 50-day simple moving average of $25.07 and a two-hundred day simple moving average of $23.82.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.The firm had revenue of $223.10 million for the quarter, compared to analysts’ expectations of $222.17 million. During the same period in the prior year, the business posted $0.08 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. Research analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 350,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $24.73, for a total value of $8,655,500.00. Following the sale, the director directly owned 3,509,075 shares in the company, valued at $86,779,424.75. This represents a 9.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on MIR shares. Morgan Stanley assumed coverage on Mirion Technologies in a research report on Friday, January 23rd. They issued an “equal weight” rating and a $29.00 target price for the company. Citigroup cut their price target on Mirion Technologies from $35.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Evercore ISI assumed 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. JPMorgan Chase & Co. upped their price objective on shares of Mirion Technologies from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Mirion Technologies in a research report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mirion Technologies has an average rating of “Moderate Buy” and an average target price of $28.38.

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.