Emerald Mutual Fund Advisers Trust Has $16.24 Million Stock Holdings in Mirion Technologies, Inc. $MIR

Emerald Mutual Fund Advisers Trust boosted its position in Mirion Technologies, Inc. (NYSE:MIR) by 24.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 873,466 shares of the company’s stock after acquiring an additional 168,970 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Mirion Technologies were worth $16,238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of MIR. Tudor Investment Corp ET AL grew its position in shares of Mirion Technologies by 174,900.0% in the third quarter. Tudor Investment Corp ET AL now owns 17,500,000 shares of the company’s stock valued at $407,050,000 after purchasing an additional 17,490,000 shares during the last quarter. UBS Group AG increased its stake in shares of Mirion Technologies by 181.4% in the third quarter. UBS Group AG now owns 4,796,833 shares of the company’s stock worth $111,574,000 after purchasing an additional 3,092,136 shares during the period. TCW Group Inc. acquired a new position in shares of Mirion Technologies during the 4th quarter worth about $57,439,000. Invesco Ltd. lifted its position in shares of Mirion Technologies by 713.2% during the 2nd quarter. Invesco Ltd. now owns 2,617,252 shares of the company’s stock worth $56,349,000 after purchasing an additional 2,295,414 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Mirion Technologies by 126.1% during the 4th quarter. Bank of New York Mellon Corp now owns 3,076,945 shares of the company’s stock valued at $72,062,000 after purchasing an additional 1,716,020 shares during the period. 78.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Weiss Ratings lowered Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Robert W. Baird cut their price target on Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Citigroup reduced their price objective on Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Melius Research upgraded shares of Mirion Technologies to a “strong-buy” rating in a research note on Monday, March 23rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.38.

Insider Buying and Selling at Mirion Technologies

In other news, CAO Christopher A. Moore sold 8,400 shares of Mirion Technologies stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $19.64, for a total transaction of $164,976.00. Following the sale, the chief accounting officer owned 22,157 shares of the company’s stock, valued at approximately $435,163.48. This trade represents a 27.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.

Mirion Technologies Stock Down 4.6%

NYSE MIR opened at $16.21 on Tuesday. Mirion Technologies, Inc. has a twelve month low of $15.58 and a twelve month high of $30.28. The stock has a market cap of $4.06 billion, a PE ratio of 162.15 and a beta of 1.03. The firm has a 50-day simple moving average of $17.85 and a 200 day simple moving average of $20.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.63 and a current ratio of 3.19.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $257.60 million for the quarter, compared to analyst estimates of $244.78 million. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The company’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, research analysts forecast that Mirion Technologies, Inc. will post 0.54 EPS for the current 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.