Exchange Traded Concepts LLC Purchases 40,709 Shares of Mirion Technologies, Inc. $MIR

Exchange Traded Concepts LLC increased its position in Mirion Technologies, Inc. (NYSE:MIR) by 16.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 293,789 shares of the company’s stock after purchasing an additional 40,709 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.12% of Mirion Technologies worth $6,881,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in Mirion Technologies during the third quarter valued at $25,000. Wolff Wiese Magana LLC bought a new stake in shares of Mirion Technologies during the 3rd quarter valued at $26,000. Salomon & Ludwin LLC purchased a new stake in shares of Mirion Technologies in the 3rd quarter worth about $30,000. Fortress Investment Group LLC bought a new position in shares of Mirion Technologies in the 2nd quarter worth about $32,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Mirion Technologies by 470.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after acquiring an additional 1,354 shares in the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MIR. JPMorgan Chase & Co. lowered their price target on shares of Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday. Morgan Stanley decreased their target price on shares of Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 11th. The Goldman Sachs Group lowered their target price on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Citigroup dropped their price target on Mirion Technologies from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Finally, Melius Research upgraded Mirion Technologies to a “strong-buy” rating in a research note on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.25.

Mirion Technologies Stock Performance

Shares of Mirion Technologies stock opened at $17.94 on Monday. Mirion Technologies, Inc. has a 1 year low of $12.00 and a 1 year high of $30.28. The firm’s 50-day moving average is $22.17 and its 200 day moving average is $23.85. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 163.07 and a beta of 0.99. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.83 and a quick ratio of 2.34.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data 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). The firm had revenue of $277.40 million for the quarter, compared to the consensus estimate of $281.17 million. Mirion Technologies had a net margin of 3.11% and a return on equity of 6.97%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. Sell-side analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Mirion Technologies Company 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.