Ghisallo Capital Management LLC Takes Position in Mirion Technologies, Inc. $MIR

Ghisallo Capital Management LLC purchased a new position in Mirion Technologies, Inc. (NYSE:MIR) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 774,900 shares of the company’s stock, valued at approximately $18,024,000. Ghisallo Capital Management LLC owned approximately 0.31% of Mirion Technologies as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of MIR. Vanguard Group Inc. increased its holdings in shares of Mirion Technologies by 28.0% in the 3rd quarter. Vanguard Group Inc. now owns 30,418,327 shares of the company’s stock valued at $707,530,000 after acquiring an additional 6,651,735 shares during the last quarter. Two Creeks Capital Management LP acquired a new position in Mirion Technologies in the third quarter worth $83,707,000. UBS Group AG increased its stake in Mirion Technologies by 181.4% during the third quarter. UBS Group AG now owns 4,796,833 shares of the company’s stock valued at $111,574,000 after purchasing an additional 3,092,136 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Mirion Technologies by 713.2% during the second 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 period. Finally, Loomis Sayles & Co. L P acquired a new position in shares of Mirion Technologies in the 2nd quarter valued at about $34,269,000. Institutional investors own 78.51% of the company’s stock.

Mirion Technologies Stock Performance

Shares of MIR stock opened at $18.64 on Friday. Mirion Technologies, Inc. has a 12-month low of $12.00 and a 12-month high of $30.28. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 169.49 and a beta of 0.99. The business has a 50 day simple moving average of $23.55 and a 200 day simple moving average of $23.97. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.83 and a quick ratio of 2.34.

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

Analyst Ratings Changes

Several research firms recently weighed in on MIR. Evercore started coverage on shares of Mirion Technologies in a research note on Tuesday, November 25th. They set an “outperform” rating and a $29.00 price objective on the stock. The Goldman Sachs Group cut their price target on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. JPMorgan Chase & Co. lowered their price objective on Mirion Technologies from $33.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, March 9th. Morgan Stanley cut their target price on Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Citigroup lowered their price target on shares of Mirion Technologies from $32.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.63.

About Mirion Technologies

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.