Mirion Technologies, Inc. $MIR Shares Purchased by Blackhawk Capital Partners LLC

Blackhawk Capital Partners LLC raised its stake in Mirion Technologies, Inc. (NYSE:MIR) by 68.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,254 shares of the company’s stock after acquiring an additional 36,361 shares during the quarter. Blackhawk Capital Partners LLC’s holdings in Mirion Technologies were worth $2,076,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MIR. Massachusetts Financial Services Co. MA increased its position in Mirion Technologies by 40.6% during the 3rd 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. Invesco Ltd. grew its holdings in shares of Mirion Technologies by 713.2% during the second quarter. Invesco Ltd. now owns 2,617,252 shares of the company’s stock worth $56,349,000 after buying an additional 2,295,414 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Mirion Technologies by 14.8% in the second quarter. Raymond James Financial Inc. now owns 1,972,536 shares of the company’s stock valued at $42,469,000 after buying an additional 254,688 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of Mirion Technologies during the second quarter valued at approximately $34,269,000. Finally, Hood River Capital Management LLC acquired a new stake in Mirion Technologies during the second quarter worth approximately $31,655,000. Institutional investors and hedge funds own 78.51% of the company’s stock.

Insider Activity

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 value of $8,655,500.00. Following the completion of the sale, the director owned 3,509,075 shares of the company’s stock, valued at $86,779,424.75. This represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Morgan Stanley began coverage on Mirion Technologies in a report on Friday. They issued an “equal weight” rating and a $29.00 price target for the company. 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. Citigroup dropped their target price on Mirion Technologies from $35.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Mirion Technologies in a research note on Wednesday, October 8th. Finally, Northland Securities upped their price objective on shares of Mirion Technologies from $26.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Seven investment 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.38.

Mirion Technologies Price Performance

MIR stock opened at $25.55 on Friday. The company has a market cap of $6.48 billion, a PE ratio of 232.27 and a beta of 0.95. The company has a current ratio of 4.83, a quick ratio of 4.32 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $24.92 and a two-hundred day moving average price of $23.65. Mirion Technologies, Inc. has a 12-month low of $12.00 and a 12-month high of $30.28.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.The business had revenue of $223.10 million for the quarter, compared to analyst estimates of $222.17 million. During the same period in the previous year, the company posted $0.08 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, research analysts predict 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.