Kingdon Capital Management L.L.C. Decreases Stake in Mirion Technologies, Inc. $MIR

Kingdon Capital Management L.L.C. lowered its holdings in Mirion Technologies, Inc. (NYSE:MIR) by 11.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 375,000 shares of the company’s stock after selling 50,000 shares during the period. Kingdon Capital Management L.L.C. owned approximately 0.15% of Mirion Technologies worth $8,722,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada grew its stake in Mirion Technologies by 258.2% during the 1st quarter. Royal Bank of Canada now owns 98,828 shares of the company’s stock worth $1,433,000 after buying an additional 71,241 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Mirion Technologies by 124.3% during the first quarter. AQR Capital Management LLC now owns 199,211 shares of the company’s stock valued at $2,889,000 after acquiring an additional 110,399 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Mirion Technologies by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 122,962 shares of the company’s stock valued at $1,783,000 after buying an additional 5,366 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of 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 purchasing an additional 34,973 shares during the last quarter. Finally, Savant Capital LLC acquired a new stake in Mirion Technologies during the second quarter valued at approximately $481,000. Institutional investors and hedge funds own 78.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MIR shares. JPMorgan Chase & Co. reduced their price objective on Mirion Technologies from $33.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, March 9th. The Goldman Sachs Group reduced their price target on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Evercore assumed coverage on shares of Mirion Technologies in a research report on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 target price for the company. Morgan Stanley dropped 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 note on Wednesday, March 11th. Finally, Citigroup cut their price objective on Mirion Technologies from $32.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.63.

Mirion Technologies Price Performance

NYSE MIR opened at $18.64 on Monday. The company has a quick ratio of 2.34, a current ratio of 2.83 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $4.67 billion, a PE ratio of 169.49 and a beta of 0.99. The company has a 50 day moving average price of $23.55 and a two-hundred day moving average price of $24.02. Mirion Technologies, Inc. has a 12-month low of $12.00 and a 12-month high of $30.28.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Mirion Technologies had a return on equity of 6.97% and a net margin of 3.11%.The business had revenue of $277.40 million for the quarter, compared to analyst estimates of $281.17 million. During the same quarter last year, the company earned $0.17 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. As a group, equities analysts predict that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

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.