TimesSquare Capital Management LLC Sells 46,078 Shares of Mirion Technologies, Inc. $MIR

TimesSquare Capital Management LLC trimmed its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 967,261 shares of the company’s stock after selling 46,078 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.38% of Mirion Technologies worth $22,653,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MIR. Tudor Investment Corp ET AL boosted its position in shares of Mirion Technologies by 174,900.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 17,500,000 shares of the company’s stock worth $407,050,000 after purchasing an additional 17,490,000 shares in the last quarter. Vanguard Group Inc. boosted its position 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 worth $707,530,000 after purchasing an additional 6,651,735 shares in the last quarter. Two Creeks Capital Management LP bought a new stake in shares of Mirion Technologies in the 3rd quarter worth approximately $83,707,000. UBS Group AG boosted its position 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 worth $111,574,000 after purchasing an additional 3,092,136 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Mirion Technologies by 713.2% in the 2nd quarter. Invesco Ltd. now owns 2,617,252 shares of the company’s stock worth $56,349,000 after purchasing an additional 2,295,414 shares in the last quarter. 78.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MIR. Citigroup dropped their price target on Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. JPMorgan Chase & Co. dropped their price target on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, March 26th. Weiss Ratings cut Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Robert W. Baird decreased their price objective 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. Finally, The Goldman Sachs Group decreased their price objective 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. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.13.

Mirion Technologies Price Performance

Shares of NYSE MIR opened at $18.34 on Wednesday. Mirion Technologies, Inc. has a twelve month low of $16.43 and a twelve month high of $30.28. The firm has a market cap of $4.59 billion, a P/E ratio of 183.42 and a beta of 1.07. The company has a 50 day moving average of $19.25 and a 200 day moving average of $22.69. The company has a quick ratio of 2.63, a current ratio of 3.19 and a debt-to-equity ratio of 0.63.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. The company had revenue of $257.60 million during the quarter, compared to analyst estimates of $244.78 million. During the same period in the previous year, the business earned $0.10 EPS. The firm’s revenue for the quarter 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, research analysts expect that Mirion Technologies, Inc. will post 0.51 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Christopher A. Moore sold 8,400 shares of the business’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 directly owned 22,157 shares in the company, valued at $435,163.48. The trade was a 27.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by insiders.

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.