State of Alaska Department of Revenue Buys New Holdings in Mirion Technologies, Inc. $MIR

State of Alaska Department of Revenue acquired a new stake in Mirion Technologies, Inc. (NYSE:MIR) during the third quarter, HoldingsChannel.com reports. The fund acquired 125,407 shares of the company’s stock, valued at approximately $2,916,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MIR. Nisa Investment Advisors LLC lifted its position in shares of Mirion Technologies by 16.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,909 shares of the company’s stock worth $91,000 after purchasing an additional 543 shares during the last quarter. Peregrine Capital Management LLC purchased a new stake in Mirion Technologies during the 3rd quarter worth about $10,306,000. Absher Wealth Management LLC acquired a new position in shares of Mirion Technologies during the 3rd quarter worth about $209,000. Louisiana State Employees Retirement System purchased a new position in shares of Mirion Technologies in the 3rd quarter valued at about $2,438,000. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Mirion Technologies during the 3rd quarter worth about $30,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Mirion Technologies Stock Up 2.3%

Shares of NYSE:MIR opened at $26.56 on Tuesday. Mirion Technologies, Inc. has a 1-year low of $12.00 and a 1-year high of $30.28. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.83 and a quick ratio of 4.32. The stock has a market cap of $6.74 billion, a P/E ratio of 241.49 and a beta of 0.95. The firm has a fifty day moving average price of $24.96 and a 200 day moving average price of $23.32.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Mirion Technologies had a net margin of 2.93% and a return on equity of 7.09%. The company 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 business posted $0.08 earnings per share. Mirion Technologies’s quarterly revenue was up 7.9% on a year-over-year basis. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Sell-side analysts predict that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Robert W. Baird increased their price target on shares of Mirion Technologies from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Citigroup cut their price target on shares of Mirion Technologies from $35.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. Evercore ISI began coverage on shares of Mirion Technologies in a research report on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mirion Technologies in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their target price on Mirion Technologies from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $28.29.

Insider Buying and Selling

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 350,000 shares of the stock in a transaction that occurred 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 directly owned 3,509,075 shares of the company’s stock, valued at approximately $86,779,424.75. This trade represents a 9.07% decrease in their position. 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 currently owned by corporate insiders.

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.