Mirion Technologies, Inc. $MIR Stake Lessened by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its holdings in Mirion Technologies, Inc. (NYSE:MIR) by 6.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 526,619 shares of the company’s stock after selling 35,455 shares during the period. Gamco Investors INC. ET AL owned about 0.21% of Mirion Technologies worth $12,249,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wolff Wiese Magana LLC purchased a new stake in Mirion Technologies in the 3rd quarter worth about $26,000. Salomon & Ludwin LLC purchased a new position in Mirion Technologies during the 3rd quarter valued at about $30,000. Fortress Investment Group LLC purchased a new position in Mirion Technologies during the 2nd quarter valued at about $32,000. EverSource Wealth Advisors LLC increased its holdings in shares of Mirion Technologies by 470.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $35,000 after purchasing an additional 1,354 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in shares of Mirion Technologies by 96.5% in the 3rd 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 during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Trading Down 3.4%

Shares of NYSE MIR opened at $20.60 on Friday. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 187.29 and a beta of 0.99. The business has a 50 day simple moving average of $23.85 and a 200 day simple moving average of $23.99. Mirion Technologies, Inc. has a 52 week low of $12.00 and a 52 week high of $30.28. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.34 and a current ratio of 2.83.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Citigroup decreased their price target on shares of Mirion Technologies from $32.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, February 12th. The Goldman Sachs Group dropped their price objective on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. 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 target price for the company. Finally, Morgan Stanley initiated coverage on shares of Mirion Technologies in a report on Friday, January 23rd. They set an “equal weight” rating and a $29.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Mirion Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $28.38.

Insider Activity at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 350,000 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the transaction, the director owned 3,509,075 shares in the company, valued at $86,779,424.75. This represents a 9.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.30% of the stock is currently owned by company insiders.

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.