Cooperman Leon G Boosts Stake in Mirion Technologies, Inc. $MIR

Cooperman Leon G boosted its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR) by 17.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,383,441 shares of the company’s stock after purchasing an additional 1,258,441 shares during the period. Mirion Technologies comprises 6.1% of Cooperman Leon G’s portfolio, making the stock its 5th biggest holding. Cooperman Leon G owned about 3.30% of Mirion Technologies worth $194,999,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MIR. EverSource Wealth Advisors LLC raised its holdings in shares of Mirion Technologies by 25.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,056 shares of the company’s stock worth $48,000 after buying an additional 414 shares in the last quarter. US Bancorp DE boosted its stake in Mirion Technologies by 6.6% in the 3rd quarter. US Bancorp DE now owns 6,874 shares of the company’s stock valued at $160,000 after buying an additional 425 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Mirion Technologies by 16.1% in the third quarter. Nisa Investment Advisors LLC now owns 3,909 shares of the company’s stock valued at $91,000 after acquiring an additional 543 shares during the period. Oppenheimer & Co. Inc. raised its stake in Mirion Technologies by 1.7% during the third quarter. Oppenheimer & Co. Inc. now owns 32,062 shares of the company’s stock worth $746,000 after acquiring an additional 550 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Mirion Technologies by 2.7% during the second quarter. Ameritas Investment Partners Inc. now owns 21,455 shares of the company’s stock valued at $462,000 after acquiring an additional 557 shares during the period. 78.51% of the stock is owned by institutional investors and hedge funds.

Mirion Technologies Stock Down 7.0%

Shares of NYSE:MIR opened at $18.64 on Friday. Mirion Technologies, Inc. has a 12 month low of $12.00 and a 12 month high of $30.28. The company’s 50-day moving average price is $23.55 and its two-hundred day moving average price is $23.99. The company has a quick ratio of 2.34, a current ratio of 2.83 and a debt-to-equity ratio of 0.62. The firm has a market cap of $4.67 billion, a P/E ratio of 169.49 and a beta of 0.99.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). Mirion Technologies had a net margin of 3.11% and a return on equity of 6.97%. The company had revenue of $277.40 million during the quarter, compared to analyst estimates of $281.17 million. During the same quarter in the previous year, the business posted $0.17 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. As a group, research analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Mirion Technologies Company 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.