Alta Park Capital LP Sells 48,639 Shares of Mirion Technologies, Inc. $MIR

Alta Park Capital LP cut its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR) by 8.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 562,522 shares of the company’s stock after selling 48,639 shares during the quarter. Mirion Technologies makes up 1.6% of Alta Park Capital LP’s portfolio, making the stock its 29th largest position. Alta Park Capital LP’s holdings in Mirion Technologies were worth $13,174,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MIR. Royal Bank of Canada raised its holdings in shares of Mirion Technologies by 258.2% in the 1st quarter. Royal Bank of Canada now owns 98,828 shares of the company’s stock valued at $1,433,000 after purchasing an additional 71,241 shares during the period. AQR Capital Management LLC raised its holdings in shares of Mirion Technologies by 124.3% in the 1st quarter. AQR Capital Management LLC now owns 199,211 shares of the company’s stock valued at $2,889,000 after purchasing an additional 110,399 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Mirion Technologies by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 122,962 shares of the company’s stock valued at $1,783,000 after purchasing an additional 5,366 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Mirion Technologies by 8.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 434,583 shares of the company’s stock valued at $6,301,000 after purchasing an additional 34,973 shares during the period. Finally, Cetera Investment Advisers bought a new stake in shares of Mirion Technologies in the 2nd quarter valued at about $288,000. 78.51% of the stock is owned by institutional investors.

Insider Activity

In other Mirion Technologies news, CAO Christopher A. Moore sold 8,400 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $19.64, for a total transaction of $164,976.00. Following the transaction, the chief accounting officer owned 22,157 shares in the company, valued at $435,163.48. This represents a 27.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 11th. Robert W. Baird dropped their target price on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Weiss Ratings cut shares of Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Citigroup dropped their target price on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, Melius Research raised shares of Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $27.13.

Mirion Technologies Stock Up 1.8%

Mirion Technologies stock opened at $17.62 on Thursday. The company’s 50-day moving average price is $18.51 and its two-hundred day moving average price is $21.39. Mirion Technologies, Inc. has a twelve month low of $15.58 and a twelve month high of $30.28. The stock has a market cap of $4.41 billion, a P/E ratio of 176.19 and a beta of 1.03. The company has a quick ratio of 2.63, a current ratio of 3.19 and a debt-to-equity ratio of 0.63.

Mirion Technologies (NYSE:MIR) last announced its earnings results on Tuesday, April 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. The firm had revenue of $257.60 million for the quarter, compared to analyst estimates of $244.78 million. During the same quarter in the prior year, the business posted $0.10 EPS. The business’s revenue was up 27.5% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, analysts expect that Mirion Technologies, Inc. will post 0.51 EPS 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.