TimesSquare Capital Management LLC Trims Stake in Mirion Technologies, Inc. $MIR

TimesSquare Capital Management LLC trimmed its stake in Mirion Technologies, Inc. (NYSE:MIR) by 4.5% in the 4th quarter, HoldingsChannel reports. The firm owned 967,261 shares of the company’s stock after selling 46,078 shares during the period. TimesSquare Capital Management LLC’s holdings in Mirion Technologies were worth $22,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisory Services Network LLC purchased a new stake in shares of Mirion Technologies in the 3rd quarter worth $25,000. EverSource Wealth Advisors LLC increased its stake in shares of Mirion Technologies by 470.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after purchasing an additional 1,354 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Mirion Technologies by 138.5% in the 4th quarter. GAMMA Investing LLC now owns 2,242 shares of the company’s stock worth $53,000 after purchasing an additional 1,302 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Mirion Technologies by 68.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,781 shares of the company’s stock worth $65,000 after buying an additional 1,130 shares during the period. Finally, NewEdge Advisors LLC bought a new position in Mirion Technologies in the 3rd quarter worth $108,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mirion Technologies

In other Mirion Technologies news, CAO Christopher A. Moore sold 8,400 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $19.64, for a total transaction of $164,976.00. Following the completion of the transaction, the chief accounting officer owned 22,157 shares of the company’s stock, valued at $435,163.48. This represents a 27.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MIR. The Goldman Sachs Group dropped their target price on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Weiss Ratings downgraded shares of Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Robert W. Baird dropped their target price on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Morgan Stanley dropped their target price on shares of 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, Citigroup dropped their target price on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.13.

Mirion Technologies Trading Up 1.7%

Shares of Mirion Technologies stock opened at $18.34 on Wednesday. The company has a fifty day moving average of $19.25 and a 200 day moving average of $22.69. Mirion Technologies, Inc. has a fifty-two week low of $16.43 and a fifty-two week high of $30.28. The company has a market capitalization of $4.59 billion, a P/E ratio of 183.42 and a beta of 1.07. 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 released its quarterly earnings data on Tuesday, April 28th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. The business had revenue of $257.60 million during the quarter, compared to the consensus estimate of $244.78 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The business’s revenue was up 27.5% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, sell-side analysts anticipate that Mirion Technologies, Inc. will post 0.51 earnings per share for the current fiscal 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.