Yousif Capital Management LLC Makes New $1.74 Million Investment in Mirion Technologies, Inc. $MIR

Yousif Capital Management LLC acquired a new stake in Mirion Technologies, Inc. (NYSE:MIR) during the third quarter, Holdings Channel reports. The institutional investor acquired 74,991 shares of the company’s stock, valued at approximately $1,744,000.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position 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 in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Mirion Technologies by 39.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 253,080 shares of the company’s stock worth $5,887,000 after buying an additional 71,607 shares during the last quarter. Zevenbergen Capital Investments LLC grew its holdings in shares of Mirion Technologies by 2,169.6% in the 3rd quarter. Zevenbergen Capital Investments LLC now owns 231,500 shares of the company’s stock valued at $5,385,000 after acquiring an additional 221,300 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Mirion Technologies by 803.7% in the second quarter. Osaic Holdings Inc. now owns 5,802 shares of the company’s stock valued at $125,000 after acquiring an additional 5,160 shares during the last quarter. Finally, FSC Wealth Advisors LLC bought a new stake in Mirion Technologies during the second quarter worth about $59,000. Institutional investors and hedge funds own 78.51% of the company’s stock.

Insider Activity at Mirion Technologies

In related news, Director Lawrence D. Kingsley sold 350,000 shares of the company’s stock in a transaction dated 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 owned 3,509,075 shares in the company, valued at approximately $86,779,424.75. This represents a 9.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on MIR. Evercore ISI initiated coverage on Mirion Technologies in a research report on Tuesday, November 25th. They set an “outperform” rating and a $29.00 price target on the stock. Citigroup decreased their target price on shares of Mirion Technologies from $35.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, December 8th. The Goldman Sachs Group upped their price target on shares of Mirion Technologies from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. JPMorgan Chase & Co. increased their price target on shares of Mirion Technologies from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mirion Technologies in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $28.29.

Mirion Technologies Stock Up 0.2%

MIR opened at $23.81 on Tuesday. The stock’s fifty day simple moving average is $25.32 and its 200 day simple moving average is $23.03. Mirion Technologies, Inc. has a 1-year low of $12.00 and a 1-year high of $30.28. The stock has a market cap of $6.04 billion, a PE ratio of 216.45 and a beta of 0.94. The company has a current ratio of 4.83, a quick ratio of 4.32 and a debt-to-equity ratio of 0.63.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Mirion Technologies had a net margin of 2.93% and a return on equity of 7.09%. The firm had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $222.17 million. During the same period in the previous year, the business posted $0.08 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, research analysts expect that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

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.