Bastion Asset Management Inc. Purchases New Position in Mirion Technologies, Inc. $MIR

Bastion Asset Management Inc. acquired a new stake in Mirion Technologies, Inc. (NYSE:MIR) in the 1st quarter, Holdings Channel reports. The fund acquired 389,158 shares of the company’s stock, valued at approximately $7,290,000. Mirion Technologies comprises approximately 2.2% of Bastion Asset Management Inc.’s investment portfolio, making the stock its 13th largest position.

Several other hedge funds also recently made changes to their positions in the company. Stephens Investment Management Group LLC purchased a new position in Mirion Technologies during the 4th quarter worth approximately $18,969,000. Tredje AP fonden purchased a new stake in Mirion Technologies in the fourth quarter valued at approximately $6,576,000. UBS Group AG boosted its holdings in shares of Mirion Technologies by 1.2% in the fourth quarter. UBS Group AG now owns 4,852,587 shares of the company’s stock valued at $113,648,000 after acquiring an additional 55,754 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Mirion Technologies during the fourth quarter worth approximately $31,208,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Mirion Technologies by 81.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,030,230 shares of the company’s stock worth $24,550,000 after acquiring an additional 462,643 shares during the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Stock Down 0.9%

MIR stock opened at $16.18 on Friday. The stock has a market capitalization of $4.05 billion, a PE ratio of 161.83 and a beta of 1.03. The company has a fifty day moving average of $17.62 and a 200-day moving average of $20.33. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.63 and a current ratio of 3.19. Mirion Technologies, Inc. has a one year low of $15.58 and a one year high of $30.28.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $257.60 million during the quarter, compared to analysts’ expectations of $244.78 million. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. The firm’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, analysts expect that Mirion Technologies, Inc. will post 0.54 EPS for the current year.

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, CAO Christopher A. Moore sold 8,400 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $19.64, for a total transaction of $164,976.00. Following the transaction, the chief accounting officer owned 22,157 shares in the company, valued at approximately $435,163.48. The trade was a 27.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MIR shares. Morgan Stanley reduced their price target on shares of Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Monday. Citigroup dropped their price objective on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings cut shares of Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. decreased their target price on shares of Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, March 26th. Finally, Melius Research raised Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.38.

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.