Entropy Technologies LP Takes Position in Mirion Technologies, Inc. $MIR

Entropy Technologies LP bought a new stake in shares of Mirion Technologies, Inc. (NYSE:MIR) during the 1st quarter, HoldingsChannel reports. The firm bought 38,507 shares of the company’s stock, valued at approximately $716,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Advisory Services Network LLC purchased a new position in Mirion Technologies in the 3rd quarter worth approximately $25,000. UMB Bank n.a. raised its stake in shares of Mirion Technologies by 175.4% during the fourth quarter. UMB Bank n.a. now owns 1,344 shares of the company’s stock valued at $31,000 after purchasing an additional 856 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Mirion Technologies by 470.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $35,000 after purchasing an additional 1,354 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Mirion Technologies by 58.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company’s stock worth $40,000 after purchasing an additional 631 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of Mirion Technologies by 78.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock worth $47,000 after purchasing an additional 887 shares in the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Christopher A. Moore sold 8,400 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $19.64, for a total value of $164,976.00. Following the completion of the sale, the chief accounting officer directly owned 22,157 shares of the company’s stock, valued at $435,163.48. The trade was a 27.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.20% of the company’s stock.

Mirion Technologies Trading Up 0.1%

NYSE MIR opened at $16.87 on Wednesday. Mirion Technologies, Inc. has a 12 month low of $15.57 and a 12 month high of $30.28. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.19 and a quick ratio of 2.63. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 168.72 and a beta of 1.03. The company’s fifty day moving average price is $17.28 and its two-hundred day moving average price is $19.91.

Mirion Technologies (NYSE:MIR) last released its earnings results on Tuesday, July 28th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $266.80 million during the quarter, compared to the consensus estimate of $269.32 million. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. The company’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, research analysts predict that Mirion Technologies, Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MIR. The Goldman Sachs Group lowered their price target on shares of Mirion Technologies from $28.00 to $25.00 and set a “buy” rating for the company in a report on Friday, July 10th. Weiss Ratings lowered shares of Mirion Technologies from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, July 20th. Morgan Stanley decreased 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 report on Monday, July 13th. Finally, Citigroup dropped their target price on Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Mirion Technologies presently has an average rating of “Moderate Buy” and an average target price of $27.00.

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.