Castleark Management LLC Buys Shares of 348,130 Mirion Technologies, Inc. $MIR

Castleark Management LLC bought a new stake in shares of Mirion Technologies, Inc. (NYSE:MIR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 348,130 shares of the company’s stock, valued at approximately $8,153,000.

Other hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in Mirion Technologies during the 3rd quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its holdings 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 worth $35,000 after purchasing an additional 1,354 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings 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. Global Retirement Partners LLC grew its holdings 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. Finally, GAMMA Investing LLC grew its holdings in shares of Mirion Technologies by 138.5% during the fourth 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. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Price Performance

Shares of Mirion Technologies stock opened at $16.60 on Friday. The company has a quick ratio of 2.63, a current ratio of 3.19 and a debt-to-equity ratio of 0.63. The company has a market cap of $4.16 billion, a PE ratio of 165.98 and a beta of 1.03. The business has a 50 day moving average of $18.61 and a 200 day moving average of $21.60. Mirion Technologies, Inc. has a 52 week low of $15.58 and a 52 week high of $30.28.

Mirion Technologies (NYSE:MIR) last announced its earnings results on Tuesday, April 28th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company 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 firm’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, equities research analysts forecast that Mirion Technologies, Inc. will post 0.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, CAO Christopher A. Moore sold 8,400 shares of the stock in a transaction on 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 transaction, the chief accounting officer owned 22,157 shares in the company, valued at approximately $435,163.48. This represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.30% of the company’s stock.

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.