Citigroup Inc. Has $11.17 Million Position in Mirion Technologies, Inc. $MIR

Citigroup Inc. boosted its position in Mirion Technologies, Inc. (NYSE:MIR) by 86.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 480,372 shares of the company’s stock after buying an additional 223,271 shares during the quarter. Citigroup Inc. owned approximately 0.21% of Mirion Technologies worth $11,173,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Thrivent Financial for Lutherans bought a new stake in Mirion Technologies during the 3rd quarter worth about $4,182,000. JPMorgan Chase & Co. boosted its position in Mirion Technologies by 187.2% during the second quarter. JPMorgan Chase & Co. now owns 825,269 shares of the company’s stock valued at $17,768,000 after purchasing an additional 537,900 shares during the last quarter. Rhumbline Advisers grew its stake in Mirion Technologies by 91.1% in the third quarter. Rhumbline Advisers now owns 608,834 shares of the company’s stock valued at $14,161,000 after purchasing an additional 290,232 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Mirion Technologies during the 3rd quarter worth approximately $2,438,000. Finally, New York State Teachers Retirement System bought a new stake in shares of Mirion Technologies during the 3rd quarter worth approximately $1,269,000. 78.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. The Goldman Sachs Group reduced their price target on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Morgan Stanley assumed coverage on Mirion Technologies in a report on Friday, January 23rd. They set an “equal weight” rating and a $29.00 target price on the stock. Evercore assumed coverage on Mirion Technologies in a research note on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price target on the stock. Finally, Citigroup reduced their price objective 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. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.38.

Mirion Technologies Price Performance

Mirion Technologies stock opened at $21.61 on Friday. The stock has a 50-day moving average price of $24.09 and a two-hundred day moving average price of $23.96. Mirion Technologies, Inc. has a 12 month low of $12.00 and a 12 month high of $30.28. The company has a market capitalization of $5.41 billion, a PE ratio of 196.43 and a beta of 0.97. The company has a current ratio of 2.83, a quick ratio of 2.34 and a debt-to-equity ratio of 0.62.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Mirion Technologies had a return on equity of 6.97% and a net margin of 3.11%.The company had revenue of $277.40 million during the quarter, compared to analyst estimates of $281.17 million. During the same period in the prior year, the firm earned $0.17 earnings per share. Mirion Technologies’s revenue was up 9.1% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. Analysts expect that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Insiders Place Their Bets

In related news, Director Lawrence D. Kingsley sold 350,000 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the completion of the sale, the director owned 3,509,075 shares in the company, valued at approximately $86,779,424.75. This represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 6.30% of the company’s stock.

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.