Allspring Global Investments Holdings LLC Trims Stake in Mirion Technologies, Inc. (NYSE:MIR)

Allspring Global Investments Holdings LLC cut its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 26.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,902 shares of the company’s stock after selling 11,767 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Mirion Technologies were worth $353,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MIR. Swedbank AB purchased a new stake in Mirion Technologies during the 1st quarter valued at approximately $122,546,000. American Century Companies Inc. raised its stake in Mirion Technologies by 61.9% during the 2nd quarter. American Century Companies Inc. now owns 3,942,571 shares of the company’s stock valued at $42,343,000 after acquiring an additional 1,507,101 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Mirion Technologies by 20.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,111,933 shares of the company’s stock valued at $65,642,000 after acquiring an additional 1,031,966 shares during the last quarter. Nicholas Investment Partners LP purchased a new stake in Mirion Technologies during the 2nd quarter valued at approximately $5,223,000. Finally, Millennium Management LLC increased its position in Mirion Technologies by 509.8% during the 2nd quarter. Millennium Management LLC now owns 533,534 shares of the company’s stock worth $5,730,000 after purchasing an additional 446,034 shares during the period. 78.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mirion Technologies

In related news, CEO Thomas D. Logan sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $14.11, for a total value of $105,825.00. Following the sale, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at approximately $21,786,079.87. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Thomas D. Logan sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $14.11, for a total value of $105,825.00. Following the sale, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at approximately $21,786,079.87. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Emmanuelle Lee sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $10.60, for a total value of $53,000.00. Following the completion of the sale, the insider now directly owns 138,193 shares in the company, valued at approximately $1,464,845.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,639 shares of company stock valued at $539,247. 2.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. The Goldman Sachs Group boosted their target price on Mirion Technologies from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup boosted their target price on Mirion Technologies from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, B. Riley assumed coverage on Mirion Technologies in a research report on Thursday, September 26th. They set a “buy” rating and a $14.00 target price on the stock.

Mirion Technologies Trading Down 1.0 %

MIR opened at $14.65 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. The stock’s 50 day simple moving average is $11.82 and its 200 day simple moving average is $11.02. Mirion Technologies, Inc. has a 1-year low of $7.20 and a 1-year high of $15.17.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $206.80 million during the quarter, compared to analyst estimates of $203.67 million. Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. On average, sell-side analysts anticipate that Mirion Technologies, Inc. will post 0.31 earnings per share for the current year.

Mirion Technologies Profile

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.