American Century Companies Inc. Sells 143,814 Shares of Mirion Technologies, Inc. $MIR

American Century Companies Inc. cut its position in Mirion Technologies, Inc. (NYSE:MIR) by 4.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,229,538 shares of the company’s stock after selling 143,814 shares during the period. American Century Companies Inc. owned about 1.27% of Mirion Technologies worth $75,119,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MIR. Thrivent Financial for Lutherans bought a new position in Mirion Technologies during the third quarter worth about $4,182,000. JPMorgan Chase & Co. raised its position in shares of Mirion Technologies by 187.2% during the second quarter. JPMorgan Chase & Co. now owns 825,269 shares of the company’s stock worth $17,768,000 after purchasing an additional 537,900 shares during the period. Rhumbline Advisers lifted its holdings in shares of Mirion Technologies by 91.1% during the 3rd 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 bought a new position in shares of Mirion Technologies during the 3rd quarter valued at about $2,438,000. Finally, New York State Teachers Retirement System acquired a new position in shares of Mirion Technologies in the 3rd quarter valued at approximately $1,269,000. Institutional investors and hedge funds own 78.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MIR. Morgan Stanley began coverage on shares of Mirion Technologies in a research note on Friday, January 23rd. They issued an “equal weight” rating and a $29.00 price target on the stock. The Goldman Sachs Group dropped their price objective on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Citigroup reduced their target price on shares of Mirion Technologies from $32.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Finally, Evercore initiated coverage on Mirion Technologies in a report on Tuesday, November 25th. They set an “outperform” rating and a $29.00 target price for the company. Seven investment 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, Mirion Technologies presently has an average rating of “Moderate Buy” and an average price target of $28.38.

Insider Buying and Selling at Mirion Technologies

In related news, Director Lawrence D. Kingsley sold 350,000 shares of Mirion Technologies 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 sale, the director 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is owned by insiders.

Mirion Technologies Stock Performance

Shares of MIR stock opened at $21.92 on Wednesday. Mirion Technologies, Inc. has a 12 month low of $12.00 and a 12 month high of $30.28. The company’s fifty day simple moving average is $24.02 and its 200-day simple moving average is $23.99. The firm has a market cap of $5.49 billion, a PE ratio of 199.29 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.

Mirion Technologies (NYSE:MIR) last released its earnings results on Tuesday, February 10th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Mirion Technologies had a net margin of 3.11% and a return on equity of 6.97%. The business had revenue of $277.40 million during the quarter, compared to the consensus estimate of $281.17 million. During the same period last year, the business posted $0.17 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. Equities research 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.