Emerald Advisers LLC Buys 171,920 Shares of Mirion Technologies, Inc. $MIR

Emerald Advisers LLC grew its stake in Mirion Technologies, Inc. (NYSE:MIR) by 17.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,137,165 shares of the company’s stock after acquiring an additional 171,920 shares during the quarter. Emerald Advisers LLC owned 0.49% of Mirion Technologies worth $26,450,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MIR. Invesco Ltd. grew its holdings in Mirion Technologies by 713.2% during the second quarter. Invesco Ltd. now owns 2,617,252 shares of the company’s stock valued at $56,349,000 after purchasing an additional 2,295,414 shares during the period. Loomis Sayles & Co. L P acquired a new stake in Mirion Technologies in the second quarter worth $34,269,000. Massachusetts Financial Services Co. MA boosted its position in shares of Mirion Technologies by 40.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,391,772 shares of the company’s stock worth $125,413,000 after purchasing an additional 1,558,104 shares in the last quarter. Hood River Capital Management LLC acquired a new position in shares of Mirion Technologies in the 2nd quarter valued at $31,655,000. Finally, Conestoga Capital Advisors LLC acquired a new position in shares of Mirion Technologies in the 3rd quarter valued at $31,443,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MIR has been the topic of several research analyst reports. Citigroup dropped their price objective on Mirion Technologies from $35.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. Robert W. Baird increased their price target on Mirion Technologies from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Northland Securities lifted their price objective on Mirion Technologies from $26.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Evercore ISI assumed coverage on Mirion Technologies in a research report on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mirion Technologies in a report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.29.

Insider Activity at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 350,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total value of $8,655,500.00. Following the completion of the transaction, the director owned 3,509,075 shares in the company, valued at $86,779,424.75. This trade represents a 9.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is currently owned by corporate insiders.

Mirion Technologies Trading Up 1.9%

NYSE:MIR opened at $26.77 on Thursday. The company has a market cap of $6.79 billion, a P/E ratio of 243.38 and a beta of 0.95. Mirion Technologies, Inc. has a twelve month low of $12.00 and a twelve month high of $30.28. The business has a 50 day moving average price of $24.85 and a two-hundred day moving average price of $23.60. The company has a quick ratio of 4.32, a current ratio of 4.83 and a debt-to-equity ratio of 0.63.

Mirion Technologies (NYSE:MIR) last announced 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. The business had revenue of $223.10 million for the quarter, compared to analyst estimates of $222.17 million. Mirion Technologies had a net margin of 2.93% and a return on equity of 7.09%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 earnings per share. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, analysts expect that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal 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.