100,000 Shares in Mirion Technologies, Inc. $MIR Purchased by Monashee Investment Management LLC

Monashee Investment Management LLC bought a new stake in shares of Mirion Technologies, Inc. (NYSE:MIR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 100,000 shares of the company’s stock, valued at approximately $2,326,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Mirion Technologies by 28.0% during the third quarter. Vanguard Group Inc. now owns 30,418,327 shares of the company’s stock worth $707,530,000 after purchasing an additional 6,651,735 shares in the last quarter. Invesco Ltd. increased its stake in 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 buying an additional 2,295,414 shares during the period. Loomis Sayles & Co. L P purchased a new stake in Mirion Technologies during the 2nd quarter worth approximately $34,269,000. Massachusetts Financial Services Co. MA lifted its holdings in Mirion Technologies by 40.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,391,772 shares of the company’s stock worth $125,413,000 after buying an additional 1,558,104 shares in the last quarter. Finally, Hood River Capital Management LLC purchased a new position in Mirion Technologies in the 2nd quarter valued at approximately $31,655,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.30% of the stock is owned by corporate insiders.

Mirion Technologies Stock Down 1.4%

Mirion Technologies stock opened at $21.61 on Friday. The stock has a market cap of $5.41 billion, a PE ratio of 196.43 and a beta of 0.97. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.83 and a quick ratio of 2.34. The stock’s fifty day moving average is $24.09 and its two-hundred day moving average is $23.96. Mirion Technologies, Inc. has a 1-year low of $12.00 and a 1-year high of $30.28.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Mirion Technologies had a net margin of 3.11% and a return on equity of 6.97%. The business had revenue of $277.40 million during the quarter, compared to analysts’ expectations of $281.17 million. During the same quarter in the previous year, the company posted $0.17 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. On average, sell-side analysts expect that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MIR shares. Citigroup cut their price objective on Mirion Technologies from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. The Goldman Sachs Group decreased their target price on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Evercore assumed coverage on Mirion Technologies in a report on Tuesday, November 25th. They set an “outperform” rating and a $29.00 price target on the stock. Finally, 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 price target on the stock. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.38.

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.