New York State Common Retirement Fund Grows Position in Mirion Technologies, Inc. $MIR

New York State Common Retirement Fund lifted its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 27.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 169,875 shares of the company’s stock after acquiring an additional 36,694 shares during the period. New York State Common Retirement Fund owned 0.07% of Mirion Technologies worth $3,951,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its stake in shares of Mirion Technologies by 713.2% during the 2nd quarter. Invesco Ltd. now owns 2,617,252 shares of the company’s stock worth $56,349,000 after purchasing an additional 2,295,414 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in Mirion Technologies in the 2nd quarter worth approximately $34,269,000. Massachusetts Financial Services Co. MA raised its holdings in Mirion Technologies by 40.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,391,772 shares of the company’s stock valued at $125,413,000 after acquiring an additional 1,558,104 shares during the last quarter. Hood River Capital Management LLC purchased a new position in shares of Mirion Technologies during the 2nd quarter worth $31,655,000. Finally, Conestoga Capital Advisors LLC acquired a new stake in shares of Mirion Technologies during the third quarter worth $31,443,000. Institutional investors and hedge funds own 78.51% of the company’s stock.

Insiders Place Their Bets

In related news, Director Lawrence D. Kingsley sold 350,000 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the completion of the sale, the director directly owned 3,509,075 shares of the company’s stock, valued at approximately $86,779,424.75. This represents a 9.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.30% of the company’s stock.

Mirion Technologies Trading Up 3.7%

NYSE MIR opened at $24.07 on Friday. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 218.84 and a beta of 0.97. The company has a debt-to-equity ratio of 0.63, a quick ratio of 4.32 and a current ratio of 4.83. Mirion Technologies, Inc. has a one year low of $12.00 and a one year high of $30.28. The company’s 50 day moving average price is $24.94 and its 200 day moving average price is $23.92.

Analyst Upgrades and Downgrades

MIR has been the subject of several analyst reports. Morgan Stanley assumed coverage on Mirion Technologies in a research note on Friday, January 23rd. They issued an “equal weight” rating and a $29.00 target price for the company. Citigroup cut their price objective on shares of Mirion Technologies from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Evercore assumed coverage on shares of Mirion Technologies in a report on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 target price for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of Mirion Technologies from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.