Bamco Inc. NY Makes New Investment in Mirion Technologies, Inc. $MIR

Bamco Inc. NY acquired a new stake in shares of Mirion Technologies, Inc. (NYSE:MIR) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 500,000 shares of the company’s stock, valued at approximately $11,630,000. Bamco Inc. NY owned 0.20% of Mirion Technologies at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Royal Bank of Canada lifted its position in Mirion Technologies by 258.2% in the first quarter. Royal Bank of Canada now owns 98,828 shares of the company’s stock worth $1,433,000 after purchasing an additional 71,241 shares during the period. AQR Capital Management LLC raised its stake 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 buying an additional 110,399 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 buying an additional 5,366 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Mirion Technologies by 8.8% during 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 worth $6,301,000 after acquiring an additional 34,973 shares during the period. Finally, Savant Capital LLC acquired a new stake in shares of Mirion Technologies during the 2nd quarter valued at about $481,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MIR has been the subject of several recent research reports. Citigroup dropped their price target on shares of Mirion Technologies from $32.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. The Goldman Sachs Group reduced their target price on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. JPMorgan Chase & Co. lowered their target price on Mirion Technologies from $33.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, March 9th. Morgan Stanley reduced their price target on shares of Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 11th. Finally, Evercore began coverage on shares of Mirion Technologies in a research note on Tuesday, November 25th. They set an “outperform” 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.63.

Mirion Technologies Price Performance

MIR opened at $18.64 on Monday. The stock has a market cap of $4.67 billion, a P/E ratio of 169.49 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 company has a fifty day simple moving average of $23.55 and a 200 day simple moving average of $24.02. Mirion Technologies, Inc. has a 12 month low of $12.00 and a 12 month high of $30.28.

Mirion Technologies (NYSE:MIR) last announced its earnings results on Tuesday, February 10th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). The company had revenue of $277.40 million for the quarter, compared to analyst estimates of $281.17 million. Mirion Technologies had a return on equity of 6.97% and a net margin of 3.11%.The business’s quarterly revenue was up 9.1% on a year-over-year basis. 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, research analysts expect that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

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.