New York State Teachers Retirement System Has $2.29 Million Position in Mirion Technologies, Inc. $MIR

New York State Teachers Retirement System lifted its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 79.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 97,836 shares of the company’s stock after buying an additional 43,300 shares during the period. New York State Teachers Retirement System’s holdings in Mirion Technologies were worth $2,291,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Tudor Investment Corp ET AL raised its position in Mirion Technologies by 174,900.0% during 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 in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Mirion Technologies by 28.0% in the 3rd quarter. Vanguard Group Inc. now owns 30,418,327 shares of the company’s stock valued at $707,530,000 after purchasing an additional 6,651,735 shares in the last quarter. Two Creeks Capital Management LP bought a new position in shares of Mirion Technologies in the 3rd quarter valued at $83,707,000. UBS Group AG increased its stake in shares of Mirion Technologies by 181.4% in the 3rd quarter. UBS Group AG now owns 4,796,833 shares of the company’s stock valued at $111,574,000 after purchasing an additional 3,092,136 shares during the last quarter. Finally, Invesco Ltd. raised its holdings 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 buying an additional 2,295,414 shares in the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MIR. JPMorgan Chase & Co. dropped their price objective on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, March 26th. Weiss Ratings downgraded Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday. 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. Melius Research upgraded shares of Mirion Technologies to a “strong-buy” rating in a research note on Monday, March 23rd. Finally, The Goldman Sachs Group decreased their price target on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Mirion Technologies currently has an average rating of “Moderate Buy” and an average price target of $27.13.

Mirion Technologies Trading Down 4.0%

Shares of MIR stock opened at $18.97 on Friday. Mirion Technologies, Inc. has a twelve month low of $16.06 and a twelve month high of $30.28. The stock’s fifty day simple moving average is $19.73 and its 200 day simple moving average is $23.05. 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 firm has a market capitalization of $4.75 billion, a P/E ratio of 189.68 and a beta of 1.07.

Mirion Technologies (NYSE:MIR) last posted its earnings results 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 return on equity of 6.44% and a net margin of 2.56%.The firm had revenue of $257.60 million during the quarter, compared to the consensus estimate of $244.78 million. During the same period last year, the company earned $0.10 earnings per share. The business’s quarterly 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. As a group, sell-side analysts predict that Mirion Technologies, Inc. will post 0.51 EPS for the current fiscal year.

Insider Activity

In related news, CAO Christopher A. Moore sold 8,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were 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 $435,163.48. This trade represents a 27.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.30% of the stock is owned by corporate insiders.

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.