Artemis Investment Management LLP Purchases 1,018,304 Shares of Mirion Technologies, Inc. $MIR

Key Points

• Artemis Investment Management more than doubled its stake in Mirion, buying 1,018,304 shares in Q4 to hold 1,971,711 shares (0.78% of the company) valued at about $46.18 million.
• Mirion beat the recent quarter's estimates with $0.10 EPS versus $0.09 expected and revenue of $257.6 million (up 27.5% YoY), and set FY2026 guidance of $0.480–$0.550 EPS (analysts forecast ~ $0.51).
• Analysts remain broadly positive with a consensus rating of "Moderate Buy" and an average price target of $27.13, despite several banks trimming their price targets recently.

Artemis Investment Management LLP raised its position in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 106.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,971,711 shares of the company's stock after purchasing an additional 1,018,304 shares during the period. Artemis Investment Management LLP owned 0.78% of Mirion Technologies worth $46,177,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in Mirion Technologies in the 3rd quarter valued at $25,000. Wolff Wiese Magana LLC bought a new stake in shares of Mirion Technologies during the 3rd quarter worth $26,000. Salomon & Ludwin LLC bought a new stake in shares of Mirion Technologies during the 3rd quarter worth $30,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Mirion Technologies by 470.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company's stock worth $35,000 after acquiring an additional 1,354 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Mirion Technologies by 96.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company's stock worth $38,000 after acquiring an additional 811 shares during the last quarter. 78.51% of the stock is owned by institutional investors.

Mirion Technologies Price Performance

MIR stock opened at $19.63 on Friday. The firm's 50-day moving average price is $19.78 and its two-hundred day moving average price is $23.17. Mirion Technologies, Inc. has a 12-month low of $15.55 and a 12-month high of $30.28. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 196.28 and a beta of 1.07. The company has a current ratio of 3.19, a quick ratio of 2.34 and a debt-to-equity ratio of 0.63.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. The firm 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 company earned $0.10 earnings per share. The company's revenue for the quarter was up 27.5% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, equities analysts predict that Mirion Technologies, Inc. will post 0.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MIR. Citigroup dropped their price objective on shares of Mirion Technologies from $29.00 to $28.00 and set a "buy" rating for the company in a report on Thursday. JPMorgan Chase & Co. dropped their price objective on shares of Mirion Technologies from $30.00 to $27.00 and set an "overweight" rating for the company in a report on Thursday, March 26th. Robert W. Baird dropped their price objective on shares of Mirion Technologies from $29.00 to $26.00 and set an "outperform" rating for the company in a report on Monday, March 30th. Melius Research raised shares of Mirion Technologies to a "strong-buy" rating in a report on Monday, March 23rd. Finally, The Goldman Sachs Group dropped their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $27.13.

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.

Want to see what other hedge funds are holding MIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mirion Technologies, Inc. (NYSE:MIR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.