Creative Planning Lowers Holdings in Mirion Technologies, Inc. (NYSE:MIR)

Creative Planning reduced its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 9.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,763 shares of the company’s stock after selling 1,081 shares during the quarter. Creative Planning’s holdings in Mirion Technologies were worth $119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Mirion Technologies by 0.8% during the first quarter. Vanguard Group Inc. now owns 21,308,031 shares of the company’s stock valued at $242,272,000 after acquiring an additional 159,404 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Mirion Technologies by 509.8% in the second 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 last quarter. State of New Jersey Common Pension Fund D purchased a new stake in shares of Mirion Technologies in the second quarter worth about $1,890,000. Rice Hall James & Associates LLC bought a new position in Mirion Technologies during the second quarter valued at approximately $2,377,000. Finally, Bank of New York Mellon Corp grew its holdings in Mirion Technologies by 13.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 816,754 shares of the company’s stock valued at $8,772,000 after buying an additional 97,887 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on MIR. B. Riley initiated coverage on Mirion Technologies in a research report on Thursday, September 26th. They set a “buy” rating and a $14.00 target price for the company. The Goldman Sachs Group lifted their price objective on shares of Mirion Technologies from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Citigroup upped their target price on shares of Mirion Technologies from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, October 31st.

Mirion Technologies Trading Down 3.6 %

MIR stock opened at $14.43 on Wednesday. Mirion Technologies, Inc. has a twelve month low of $8.06 and a twelve month high of $15.98. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. The firm’s fifty day simple moving average is $12.34 and its two-hundred day simple moving average is $11.21. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of -43.03 and a beta of 0.73.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $206.80 million during the quarter, compared to analysts’ expectations of $203.67 million. Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share. As a group, analysts anticipate that Mirion Technologies, Inc. will post 0.36 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Thomas D. Logan sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $10.47, for a total value of $78,525.00. Following the completion of the sale, the chief executive officer now owns 1,544,017 shares in the company, valued at approximately $16,165,857.99. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mirion Technologies news, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $10.47, for a total transaction of $78,525.00. Following the transaction, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at approximately $16,165,857.99. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Emmanuelle Lee sold 3,405 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $14.27, for a total transaction of $48,589.35. The disclosure for this sale can be found here. Insiders have sold 30,905 shares of company stock worth $368,439 in the last three months. Corporate insiders own 2.20% of the company’s stock.

Mirion Technologies Company 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.