Connor Clark & Lunn Investment Management Ltd. Takes $281,000 Position in Mirion Technologies, Inc. (NYSE:MIR)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Mirion Technologies, Inc. (NYSE:MIR) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 25,396 shares of the company’s stock, valued at approximately $281,000.

Several other institutional investors have also added to or reduced their stakes in MIR. Price T Rowe Associates Inc. MD increased its position in Mirion Technologies by 7.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 111,519 shares of the company’s stock valued at $1,268,000 after buying an additional 7,264 shares in the last quarter. Boston Partners boosted its holdings in Mirion Technologies by 121.6% in the first quarter. Boston Partners now owns 72,135 shares of the company’s stock worth $820,000 after acquiring an additional 39,582 shares in the last quarter. Schwartz Investment Counsel Inc. grew its stake in Mirion Technologies by 1.3% in the second quarter. Schwartz Investment Counsel Inc. now owns 1,519,300 shares of the company’s stock valued at $16,317,000 after acquiring an additional 20,000 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Mirion Technologies by 13.6% during the second quarter. Bank of New York Mellon Corp now owns 816,754 shares of the company’s stock valued at $8,772,000 after acquiring an additional 97,887 shares in the last quarter. Finally, Legato Capital Management LLC increased its holdings in shares of Mirion Technologies by 51.5% during the second quarter. Legato Capital Management LLC now owns 181,968 shares of the company’s stock valued at $1,954,000 after acquiring an additional 61,888 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Emmanuelle Lee sold 5,000 shares of the business’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 transaction, the insider now directly owns 138,193 shares in the company, valued at $1,464,845.80. The trade was a 3.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies stock in a transaction dated 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 of the company’s stock, valued at $16,165,857.99. The trade was a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,405 shares of company stock valued at $285,939. Insiders own 2.20% of the company’s stock.

Mirion Technologies Price Performance

Mirion Technologies stock opened at $16.87 on Monday. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of -49.62 and a beta of 0.73. 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 business has a 50-day simple moving average of $14.04 and a 200 day simple moving average of $11.76. Mirion Technologies, Inc. has a 52 week low of $8.73 and a 52 week high of $17.03.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) 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 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%. Mirion Technologies’s revenue for the quarter 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. On average, research analysts forecast that Mirion Technologies, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.