Troluce Capital Advisors LLC Trims Position in Mirion Technologies, Inc. $MIR

Troluce Capital Advisors LLC reduced its holdings in Mirion Technologies, Inc. (NYSE:MIR) by 23.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,539,212 shares of the company’s stock after selling 460,788 shares during the period. Mirion Technologies comprises approximately 2.8% of Troluce Capital Advisors LLC’s holdings, making the stock its 4th biggest position. Troluce Capital Advisors LLC’s holdings in Mirion Technologies were worth $27,598,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. US Bancorp DE lifted its holdings in shares of Mirion Technologies by 6.6% during the third quarter. US Bancorp DE now owns 6,874 shares of the company’s stock worth $160,000 after purchasing an additional 425 shares during the period. Kennedy Capital Management LLC grew its stake in shares of Mirion Technologies by 0.4% in the fourth quarter. Kennedy Capital Management LLC now owns 125,076 shares of the company’s stock worth $2,929,000 after purchasing an additional 505 shares during the last quarter. Altshuler Shaham Ltd increased its holdings in Mirion Technologies by 5.1% in the fourth quarter. Altshuler Shaham Ltd now owns 11,704 shares of the company’s stock valued at $274,000 after purchasing an additional 563 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in Mirion Technologies by 58.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company’s stock valued at $40,000 after purchasing an additional 631 shares during the period. Finally, UMB Bank n.a. raised its position in Mirion Technologies by 175.4% during the 4th quarter. UMB Bank n.a. now owns 1,344 shares of the company’s stock worth $31,000 after purchasing an additional 856 shares during the last quarter. Institutional investors own 78.51% of the company’s stock.

Analyst Upgrades and Downgrades

MIR has been the topic of several recent research reports. Citigroup cut their target price on Mirion Technologies from $28.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. B. Riley Financial decreased their price target on Mirion Technologies from $29.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Morgan Stanley lowered their price objective on Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Monday, July 13th. Jefferies Financial Group initiated coverage on Mirion Technologies in a research note on Thursday. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $23.00 target price on shares of Mirion Technologies in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.56.

Mirion Technologies Price Performance

MIR stock opened at $16.97 on Friday. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 169.70 and a beta of 1.05. The company has a quick ratio of 2.63, a current ratio of 3.20 and a debt-to-equity ratio of 0.64. Mirion Technologies, Inc. has a 12-month low of $14.11 and a 12-month high of $30.28. The company’s fifty day simple moving average is $15.95 and its 200 day simple moving average is $18.04.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Mirion Technologies had a return on equity of 6.59% and a net margin of 2.39%.The firm had revenue of $266.80 million during the quarter, compared to the consensus estimate of $269.32 million. During the same period last year, the business posted $0.11 EPS. The business’s revenue was up 19.7% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, analysts expect that Mirion Technologies, Inc. will post 0.54 earnings per share for the current year.

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.