Nicholas Investment Partners LP Increases Stake in Mirion Technologies, Inc. $MIR

Nicholas Investment Partners LP increased its position in Mirion Technologies, Inc. (NYSE:MIR) by 9.6% in the 4th quarter, HoldingsChannel reports. The fund owned 641,660 shares of the company’s stock after purchasing an additional 56,187 shares during the period. Mirion Technologies accounts for about 1.1% of Nicholas Investment Partners LP’s holdings, making the stock its 24th biggest position. Nicholas Investment Partners LP’s holdings in Mirion Technologies were worth $15,028,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MIR. Royal Bank of Canada increased its holdings in Mirion Technologies by 258.2% in the 1st quarter. Royal Bank of Canada now owns 98,828 shares of the company’s stock worth $1,433,000 after acquiring an additional 71,241 shares during the last quarter. AQR Capital Management LLC increased its holdings in Mirion Technologies by 124.3% in the 1st 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Mirion Technologies by 4.6% in the 1st 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Mirion Technologies by 8.8% in 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 during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in Mirion Technologies in the 2nd quarter worth about $288,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MIR shares. Robert W. Baird decreased their price objective on Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Melius Research raised Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. Citigroup reduced their target price on Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Morgan Stanley reduced their target price on Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, March 11th. Finally, Weiss Ratings lowered Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $27.13.

Mirion Technologies Stock Performance

Shares of MIR opened at $16.60 on Friday. The company has a market cap of $4.16 billion, a PE ratio of 165.98 and a beta of 1.03. The company has a current ratio of 3.19, a quick ratio of 2.63 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $18.61 and a 200-day moving average price of $21.60. Mirion Technologies, Inc. has a 12-month low of $15.58 and a 12-month high of $30.28.

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 analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $257.60 million during the quarter, compared to the consensus estimate of $244.78 million. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The company’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same quarter last year, the company posted $0.10 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, equities analysts forecast that Mirion Technologies, Inc. will post 0.51 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Christopher A. Moore sold 8,400 shares of Mirion Technologies stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $19.64, for a total transaction of $164,976.00. Following the completion of the sale, the chief accounting officer owned 22,157 shares in the company, valued at approximately $435,163.48. This trade represents a 27.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.30% of the company’s stock.

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.