Thornburg Investment Management Inc. Invests $5.30 Million in Mirion Technologies, Inc. $MIR

Thornburg Investment Management Inc. bought a new position in shares of Mirion Technologies, Inc. (NYSE:MIR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 226,209 shares of the company’s stock, valued at approximately $5,298,000.

Several other large investors also recently modified their holdings of MIR. Tudor Investment Corp ET AL grew its holdings in shares of Mirion Technologies by 174,900.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 17,500,000 shares of the company’s stock worth $407,050,000 after purchasing an additional 17,490,000 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Mirion Technologies by 28.0% during the 3rd quarter. Vanguard Group Inc. now owns 30,418,327 shares of the company’s stock worth $707,530,000 after purchasing an additional 6,651,735 shares in the last quarter. Two Creeks Capital Management LP acquired a new stake in shares of Mirion Technologies during the 3rd quarter worth $83,707,000. UBS Group AG grew its holdings in shares of Mirion Technologies by 181.4% during the 3rd quarter. UBS Group AG now owns 4,796,833 shares of the company’s stock worth $111,574,000 after purchasing an additional 3,092,136 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Mirion Technologies by 713.2% during the 2nd quarter. Invesco Ltd. now owns 2,617,252 shares of the company’s stock worth $56,349,000 after purchasing an additional 2,295,414 shares in the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mirion Technologies

In other news, CAO Christopher A. Moore sold 8,400 shares of Mirion Technologies stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $19.64, for a total transaction of $164,976.00. Following the sale, the chief accounting officer directly owned 22,157 shares of the company’s stock, valued at approximately $435,163.48. This trade represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.

Mirion Technologies Stock Performance

NYSE:MIR opened at $16.72 on Tuesday. The stock’s 50-day simple moving average is $18.57 and its 200 day simple moving average is $21.51. The firm has a market capitalization of $4.19 billion, a PE ratio of 167.16 and a beta of 1.03. The company has a quick ratio of 2.63, a current ratio of 3.19 and a debt-to-equity ratio of 0.63. Mirion Technologies, Inc. has a twelve month low of $15.58 and a twelve month high of $30.28.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $257.60 million for the quarter, compared to analyst estimates of $244.78 million. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.Mirion Technologies’s revenue was up 27.5% compared to the same quarter last year. During the same period last year, the firm posted $0.10 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, analysts anticipate that Mirion Technologies, Inc. will post 0.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Robert W. Baird reduced their target price on Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Melius Research raised Mirion Technologies to a “strong-buy” rating in a research note on Monday, March 23rd. JPMorgan Chase & Co. reduced their price objective on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, March 26th. Weiss Ratings lowered Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Citigroup reduced their price objective on Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Mirion Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $27.13.

Mirion Technologies 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.