Tidal Investments LLC Buys 65,670 Shares of Mirion Technologies, Inc. $MIR

Key Points

• Tidal Investments increased its Mirion Technologies stake by 8.5%, purchasing 65,670 shares to hold 840,683 shares valued at approximately $15.1 million. Institutional investors collectively own 78.51% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $25.56, despite some target reductions.
• Mirion shares opened at $15.82, near their 52-week low, while the company recently beat quarterly EPS estimates ($0.12 versus $0.10) and reported 19.7% year-over-year revenue growth.

Tidal Investments LLC grew its stake in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 8.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 840,683 shares of the company's stock after purchasing an additional 65,670 shares during the period. Tidal Investments LLC owned approximately 0.34% of Mirion Technologies worth $15,073,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nykredit A S acquired a new stake in shares of Mirion Technologies in the 2nd quarter valued at about $137,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Mirion Technologies during the 2nd quarter worth approximately $276,000. California State Teachers Retirement System boosted its holdings in Mirion Technologies by 1,649.8% in the second quarter. California State Teachers Retirement System now owns 4,796,078 shares of the company's stock worth $85,994,000 after acquiring an additional 4,521,982 shares in the last quarter. B. Metzler seel. Sohn & Co. AG bought a new position in Mirion Technologies in the second quarter worth approximately $2,597,000. Finally, Wellington Management Group LLP grew its stake in Mirion Technologies by 31.2% in the second quarter. Wellington Management Group LLP now owns 1,098,987 shares of the company's stock valued at $19,705,000 after acquiring an additional 261,175 shares during the period. Institutional investors own 78.51% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Jefferies Financial Group started coverage on Mirion Technologies in a report on Thursday, September 3rd. They set a "buy" rating and a $20.00 price objective for the company. The Goldman Sachs Group reiterated a "buy" rating and issued a $23.00 target price on shares of Mirion Technologies in a report on Wednesday, July 29th. Weiss Ratings raised shares of Mirion Technologies from a "sell (d)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. B. Riley Financial decreased their price target on shares of Mirion Technologies from $29.00 to $27.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Finally, Citigroup lowered their price objective on shares of Mirion Technologies from $28.00 to $24.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.56.

Mirion Technologies Trading Down 4.8%

NYSE MIR opened at $15.82 on Friday. The business's fifty day moving average is $15.86 and its 200-day moving average is $17.86. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.20 and a quick ratio of 2.63. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 158.20 and a beta of 1.05. Mirion Technologies, Inc. has a one year low of $14.11 and a one year high of $30.28.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. The firm had revenue of $266.80 million for the quarter, compared to analysts' expectations of $269.32 million. Mirion Technologies had a return on equity of 6.59% and a net margin of 2.39%.The business's revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Equities research analysts predict that Mirion Technologies, Inc. will post 0.54 EPS 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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