Two Creeks Capital Management LP Acquires Shares of 3,598,763 Mirion Technologies, Inc. $MIR

Two Creeks Capital Management LP bought a new stake in shares of Mirion Technologies, Inc. (NYSE:MIR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,598,763 shares of the company’s stock, valued at approximately $83,707,000. Mirion Technologies accounts for approximately 6.0% of Two Creeks Capital Management LP’s portfolio, making the stock its 4th biggest holding. Two Creeks Capital Management LP owned about 1.42% of Mirion Technologies as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position 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 purchasing an additional 6,651,735 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Mirion Technologies by 40.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,391,772 shares of the company’s stock valued at $125,413,000 after buying an additional 1,558,104 shares during the period. UBS Group AG raised 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 valued at $111,574,000 after buying an additional 3,092,136 shares in the last quarter. Invesco Ltd. raised its position in shares of Mirion Technologies by 5.3% in the 3rd quarter. Invesco Ltd. now owns 2,756,890 shares of the company’s stock valued at $64,125,000 after buying an additional 139,638 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Mirion Technologies by 14.8% in the 2nd quarter. Raymond James Financial Inc. now owns 1,972,536 shares of the company’s stock valued at $42,469,000 after buying an additional 254,688 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Evercore assumed coverage on shares of Mirion Technologies in a research report on Tuesday, November 25th. They set an “outperform” rating and a $29.00 price target on the stock. Morgan Stanley cut their target price on Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday. Citigroup reduced their target price on Mirion Technologies from $32.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. The Goldman Sachs Group lowered their price target on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, JPMorgan Chase & Co. dropped their price objective on Mirion Technologies from $33.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, March 9th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.63.

Mirion Technologies Stock Performance

Shares of Mirion Technologies stock opened at $18.64 on Friday. The company’s 50 day moving average price is $23.55 and its two-hundred day moving average price is $23.97. The firm has a market capitalization of $4.67 billion, a P/E ratio of 169.49 and a beta of 0.99. Mirion Technologies, Inc. has a fifty-two week low of $12.00 and a fifty-two week high of $30.28. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.83 and a quick ratio of 2.34.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.15 earnings per share (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 company 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 posted $0.17 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. On average, equities analysts forecast 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.