Keystone Investors PTE Ltd. Sells 571,706 Shares of Mirion Technologies, Inc. $MIR

Keystone Investors PTE Ltd. lowered its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 64.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 309,887 shares of the company’s stock after selling 571,706 shares during the quarter. Keystone Investors PTE Ltd.’s holdings in Mirion Technologies were worth $7,258,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Mirion Technologies by 28.0% during the third quarter. Vanguard Group Inc. now owns 30,418,327 shares of the company’s stock worth $707,530,000 after buying an additional 6,651,735 shares in the last quarter. Tudor Investment Corp ET AL grew its holdings 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 worth $407,050,000 after buying an additional 17,490,000 shares in the last quarter. Cooperman Leon G grew its holdings in Mirion Technologies by 17.7% during the third quarter. Cooperman Leon G now owns 8,383,441 shares of the company’s stock worth $194,999,000 after buying an additional 1,258,441 shares in the last quarter. Geode Capital Management LLC grew its holdings in Mirion Technologies by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 5,786,596 shares of the company’s stock worth $135,545,000 after buying an additional 157,687 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Mirion Technologies by 3.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,248,506 shares of the company’s stock worth $122,920,000 after buying an additional 193,914 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

Mirion Technologies Stock Up 1.1%

MIR stock opened at $16.60 on Friday. The stock’s fifty day simple moving average is $18.61 and its two-hundred day simple moving average is $21.60. The company has a current ratio of 3.19, a quick ratio of 2.63 and a debt-to-equity ratio of 0.63. Mirion Technologies, Inc. has a 1-year low of $15.58 and a 1-year high of $30.28. The stock has a market cap of $4.16 billion, a P/E ratio of 165.98 and a beta of 1.03.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.10 earnings per share for the quarter, topping 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 business had revenue of $257.60 million for the quarter, compared to analysts’ expectations of $244.78 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. 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. Analysts expect that Mirion Technologies, Inc. will post 0.51 EPS for the current year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MIR shares. JPMorgan Chase & Co. decreased their price target on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday, March 26th. Weiss Ratings downgraded Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Citigroup decreased their price target on Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Morgan Stanley decreased their price target on 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, Robert W. Baird decreased their price target on Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.13.

About Mirion Technologies

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.