Axiom Investors LLC DE Increases Stake in Mirion Technologies, Inc. $MIR

Axiom Investors LLC DE raised its position in Mirion Technologies, Inc. (NYSE:MIR) by 26.1% during the fourth quarter, HoldingsChannel reports. The firm owned 721,496 shares of the company’s stock after purchasing an additional 149,206 shares during the period. Axiom Investors LLC DE’s holdings in Mirion Technologies were worth $16,897,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in Mirion Technologies in the 3rd quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its holdings in 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 in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Mirion Technologies by 78.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock worth $47,000 after acquiring an additional 887 shares during the period. GAMMA Investing LLC raised its holdings in shares of Mirion Technologies by 138.5% during the 4th quarter. GAMMA Investing LLC now owns 2,242 shares of the company’s stock worth $53,000 after acquiring an additional 1,302 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of Mirion Technologies by 68.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,781 shares of the company’s stock worth $65,000 after acquiring an additional 1,130 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Analyst Upgrades and Downgrades

MIR has been the topic of several analyst reports. Weiss Ratings lowered Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Melius Research upgraded Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. Morgan Stanley reduced their price target on Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 11th. The Goldman Sachs Group reduced 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. Finally, Citigroup reduced their price target on Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.13.

Mirion Technologies Stock Down 1.6%

Shares of MIR opened at $16.98 on Wednesday. The firm has a market cap of $4.25 billion, a P/E ratio of 169.81 and a beta of 1.03. Mirion Technologies, Inc. has a 12-month low of $16.43 and a 12-month high of $30.28. The company’s 50-day moving average price is $18.73 and its 200 day moving average price is $21.73. The company has a current ratio of 3.19, a quick ratio of 2.63 and a debt-to-equity ratio of 0.63.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $257.60 million for the quarter, compared to analyst estimates of $244.78 million. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. Mirion Technologies’s revenue was up 27.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, sell-side analysts forecast that Mirion Technologies, Inc. will post 0.51 earnings per share for the current year.

Insiders Place Their Bets

In other Mirion Technologies news, CAO Christopher A. Moore sold 8,400 shares of Mirion Technologies stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $19.64, for a total value of $164,976.00. Following the completion of the transaction, the chief accounting officer directly owned 22,157 shares of the company’s stock, valued at $435,163.48. The trade was a 27.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.20% of the stock is currently owned by corporate 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.