Principal Financial Group Inc. Sells 5,843 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Principal Financial Group Inc. cut its position in Mirion Technologies, Inc. (NYSE:MIR) by 28.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,716 shares of the company’s stock after selling 5,843 shares during the quarter. Principal Financial Group Inc.’s holdings in Mirion Technologies were worth $163,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position 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 during the last quarter. Swedbank AB acquired a new stake in shares of Mirion Technologies in the first quarter valued at about $122,546,000. Dimensional Fund Advisors LP boosted its stake in shares of Mirion Technologies by 20.3% in the second quarter. Dimensional Fund Advisors LP now owns 6,111,933 shares of the company’s stock worth $65,642,000 after acquiring an additional 1,031,966 shares during the last quarter. American Century Companies Inc. grew 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 in the last quarter. Finally, Schwartz Investment Counsel Inc. increased its stake in shares of Mirion Technologies by 1.3% in the 2nd quarter. Schwartz Investment Counsel Inc. now owns 1,519,300 shares of the company’s stock worth $16,317,000 after acquiring an additional 20,000 shares during the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Emmanuelle Lee sold 3,405 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $14.27, for a total value of $48,589.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were 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 directly owns 1,544,017 shares of the company’s stock, valued at $16,165,857.99. This represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,405 shares of company stock valued at $285,939 in the last three months. 2.20% of the stock is currently owned by corporate insiders.

Mirion Technologies Price Performance

MIR opened at $16.60 on Tuesday. The company’s 50 day simple moving average is $13.39 and its 200 day simple moving average is $11.54. The stock has a market capitalization of $3.86 billion, a PE ratio of -49.35 and a beta of 0.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. Mirion Technologies, Inc. has a 1 year low of $8.65 and a 1 year high of $17.03.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 negative net margin of 7.84% and a positive return on equity of 4.33%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $0.03 EPS. As a group, sell-side analysts expect that Mirion Technologies, Inc. will post 0.36 EPS for the current year.

Wall Street Analyst Weigh In

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

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.