Empowered Funds LLC Sells 251,870 Shares of Mirion Technologies, Inc. $MIR

Key Points

• Empowered Funds LLC cut its Mirion Technologies stake by 90.3% in the first quarter, selling 251,870 shares and retaining 26,950 shares valued at approximately $501,000. Institutional investors collectively own 78.51% of the company.
• Analysts maintain a generally positive outlook, with Mirion holding a consensus “Moderate Buy” rating and an average price target of $26.25, despite several recent target reductions.
• Mirion reported quarterly EPS of $0.12, exceeding estimates of $0.10, while revenue rose 19.7% year over year to $266.8 million. Shares opened at $15.24, near the lower end of their 12-month range.

Empowered Funds LLC lessened its holdings in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 90.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,950 shares of the company's stock after selling 251,870 shares during the quarter. Empowered Funds LLC's holdings in Mirion Technologies were worth $501,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. US Bancorp DE raised its stake in Mirion Technologies by 6.6% during the third quarter. US Bancorp DE now owns 6,874 shares of the company's stock valued at $160,000 after buying an additional 425 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Mirion Technologies by 4.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 10,567 shares of the company's stock worth $247,000 after acquiring an additional 484 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in shares of Mirion Technologies by 0.4% during the fourth quarter. Kennedy Capital Management LLC now owns 125,076 shares of the company's stock valued at $2,929,000 after acquiring an additional 505 shares in the last quarter. Altshuler Shaham Ltd increased its holdings in shares of Mirion Technologies by 5.1% during the fourth quarter. Altshuler Shaham Ltd now owns 11,704 shares of the company's stock valued at $274,000 after acquiring an additional 563 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Mirion Technologies by 58.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company's stock worth $40,000 after purchasing an additional 631 shares during the last quarter. Institutional investors own 78.51% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on MIR. The Goldman Sachs Group reissued a "buy" rating and set a $23.00 price objective on shares of Mirion Technologies in a research report on Wednesday, July 29th. Morgan Stanley decreased their target price on shares of Mirion Technologies from $27.00 to $25.00 and set an "equal weight" rating for the company in a report on Monday, July 13th. Citigroup dropped their target price on shares of Mirion Technologies from $28.00 to $24.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Weiss Ratings upgraded shares of Mirion Technologies from a "sell (d)" rating to a "hold (c)" rating in a report on Monday, August 3rd. Finally, B. Riley Financial lowered their price objective on Mirion Technologies from $29.00 to $27.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. One research 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. According to MarketBeat.com, Mirion Technologies has a consensus rating of "Moderate Buy" and an average target price of $26.25.

Mirion Technologies Trading Up 1.2%

Shares of MIR stock opened at $15.24 on Wednesday. The company has a current ratio of 3.20, a quick ratio of 2.63 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 stock has a market capitalization of $3.80 billion, a P/E ratio of 152.45 and a beta of 1.05. The firm's 50 day moving average is $16.77 and its 200 day moving average is $19.12.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. Mirion Technologies had a net margin of 2.39% and a return on equity of 6.59%. The business had revenue of $266.80 million during the quarter, compared to analyst estimates of $269.32 million. During the same period in the previous year, the business earned $0.11 EPS. The company's quarterly 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. Research 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.

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