Teachers Retirement System of The State of Kentucky Buys New Position in Mirion Technologies, Inc. $MIR

Teachers Retirement System of The State of Kentucky purchased a new position in shares of Mirion Technologies, Inc. (NYSE:MIR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 52,500 shares of the company’s stock, valued at approximately $1,221,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Wolff Wiese Magana LLC acquired a new position in shares of Mirion Technologies in the third quarter valued at approximately $26,000. Salomon & Ludwin LLC acquired a new position in Mirion Technologies in the 3rd quarter valued at $30,000. Fortress Investment Group LLC purchased a new position in Mirion Technologies during the 2nd quarter worth $32,000. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 acquiring an additional 1,354 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Mirion Technologies by 96.5% during the third quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company’s stock worth $38,000 after acquiring an additional 811 shares during the period. 78.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Lawrence D. Kingsley sold 350,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the sale, the director owned 3,509,075 shares of the company’s stock, valued at $86,779,424.75. This trade represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on MIR. Morgan Stanley began coverage on Mirion Technologies in a report on Friday, January 23rd. They issued an “equal weight” rating and a $29.00 price objective on the stock. The Goldman Sachs Group cut their price objective on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Citigroup reduced their target price on Mirion Technologies from $32.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, Evercore initiated coverage on shares of Mirion Technologies in a research note on Tuesday, November 25th. They set an “outperform” rating and a $29.00 price target on the stock. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.38.

Mirion Technologies Price Performance

Mirion Technologies stock opened at $21.32 on Friday. The firm has a market capitalization of $5.34 billion, a PE ratio of 193.84 and a beta of 0.99. Mirion Technologies, Inc. has a 52 week low of $12.00 and a 52 week high of $30.28. The firm’s 50-day simple moving average is $23.92 and its 200 day simple moving average is $23.96. The company has a quick ratio of 2.34, a current ratio of 2.83 and a debt-to-equity ratio of 0.62.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period last year, the company earned $0.17 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. On average, equities research analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

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.