Summit Creek Advisors LLC Makes New Investment in Mirion Technologies, Inc. $MIR

Summit Creek Advisors LLC bought a new stake in shares of Mirion Technologies, Inc. (NYSE:MIRFree Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 198,422 shares of the company’s stock, valued at approximately $3,558,000.

Other hedge funds have also made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Mirion Technologies by 258.2% during the first quarter. Royal Bank of Canada now owns 98,828 shares of the company’s stock valued at $1,433,000 after buying an additional 71,241 shares during the period. AQR Capital Management LLC lifted its stake in Mirion Technologies by 124.3% in the first quarter. AQR Capital Management LLC now owns 199,211 shares of the company’s stock worth $2,889,000 after acquiring an additional 110,399 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Mirion Technologies by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 122,962 shares of the company’s stock worth $1,783,000 after acquiring an additional 5,366 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in 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 in the last quarter. Finally, Cetera Investment Advisers purchased a new position in Mirion Technologies during the 2nd quarter valued at about $288,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MIR. Weiss Ratings upgraded shares of Mirion Technologies from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, August 3rd. B. Riley Financial dropped their price objective on shares of Mirion Technologies from $29.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. The Goldman Sachs Group reissued a “buy” rating and set a $23.00 price objective on shares of Mirion Technologies in a report on Wednesday, July 29th. Morgan Stanley reduced their price objective on shares of Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Monday, July 13th. Finally, Citigroup lowered their target price on Mirion Technologies from $28.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Mirion Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $26.25.

Read Our Latest Stock Report on MIR

Mirion Technologies Stock Down 2.9%

Mirion Technologies stock opened at $15.29 on Wednesday. Mirion Technologies, Inc. has a 1-year low of $14.11 and a 1-year high of $30.28. The business has a fifty day moving average price of $16.57 and a 200-day moving average price of $18.77. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.20 and a quick ratio of 2.63. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 152.85 and a beta of 1.05.

Mirion Technologies (NYSE:MIRGet Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. Mirion Technologies had a return on equity of 6.59% and a net margin of 2.39%.The company had revenue of $266.80 million for the quarter, compared to analyst estimates of $269.32 million. During the same period in the prior year, the company posted $0.11 EPS. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Equities research analysts forecast that Mirion Technologies, Inc. will post 0.54 EPS for the current fiscal year.

Mirion Technologies Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Mirion Technologies (NYSE:MIR)

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