CI Investments Inc. Has $2.25 Million Holdings in Mirion Technologies, Inc. $MIR

CI Investments Inc. lifted its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 82.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,565 shares of the company’s stock after purchasing an additional 43,700 shares during the quarter. CI Investments Inc.’s holdings in Mirion Technologies were worth $2,246,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MIR. Segall Bryant & Hamill LLC increased its stake in Mirion Technologies by 2.5% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,116,098 shares of the company’s stock valued at $25,960,000 after purchasing an additional 26,881 shares in the last quarter. Monashee Investment Management LLC acquired a new position in shares of Mirion Technologies during the third quarter valued at about $2,326,000. Keystone Investors PTE Ltd. acquired a new position in shares of Mirion Technologies during the third quarter valued at about $20,506,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Mirion Technologies during the third quarter worth about $188,000. Finally, Handelsbanken Fonder AB raised its holdings in shares of Mirion Technologies by 18.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 72,531 shares of the company’s stock worth $1,687,000 after acquiring an additional 11,500 shares during the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

Mirion Technologies Price Performance

Shares of NYSE MIR opened at $21.32 on Friday. The company has a market capitalization of $5.34 billion, a PE ratio of 193.84 and a beta of 0.99. The company has a quick ratio of 2.34, a current ratio of 2.83 and a debt-to-equity ratio of 0.62. The stock’s 50 day moving average price is $23.92 and its 200-day moving average price is $23.96. Mirion Technologies, Inc. has a twelve month low of $12.00 and a twelve month high of $30.28.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 6.97% and a net margin of 3.11%.The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. On average, equities analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group dropped their price target on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Citigroup dropped their target price on Mirion Technologies from $32.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Evercore began coverage on Mirion Technologies in a research report on Tuesday, November 25th. They set an “outperform” rating and a $29.00 target price on the stock. Finally, Morgan Stanley began coverage on Mirion Technologies in a research report on Friday, January 23rd. They issued an “equal weight” rating and a $29.00 price target for the company. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Mirion Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $28.38.

Insider Activity at Mirion Technologies

In related news, Director Lawrence D. Kingsley sold 350,000 shares of the business’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 directly owned 3,509,075 shares of the company’s stock, valued at approximately $86,779,424.75. The trade was a 9.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.30% of the stock is owned by 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.