Fmr LLC Purchases 12,947 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Fmr LLC raised its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 258.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,957 shares of the company’s stock after acquiring an additional 12,947 shares during the quarter. Fmr LLC’s holdings in Mirion Technologies were worth $199,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of 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 purchasing an additional 1,031,966 shares in the last quarter. American Century Companies Inc. lifted its stake in Mirion Technologies by 61.9% in the second quarter. American Century Companies Inc. now owns 3,942,571 shares of the company’s stock valued at $42,343,000 after buying an additional 1,507,101 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Mirion Technologies by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,559,576 shares of the company’s stock worth $17,265,000 after buying an additional 38,474 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of 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 worth $8,772,000 after buying an additional 97,887 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Mirion Technologies by 509.8% in the 2nd quarter. Millennium Management LLC now owns 533,534 shares of the company’s stock valued at $5,730,000 after acquiring an additional 446,034 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Mirion Technologies Price Performance

MIR stock opened at $17.89 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 business has a 50-day simple moving average of $15.91 and a two-hundred day simple moving average of $12.49. The company has a market capitalization of $4.16 billion, a P/E ratio of -52.62 and a beta of 0.76. Mirion Technologies, Inc. has a 52-week low of $9.11 and a 52-week high of $18.81.

Mirion Technologies (NYSE:MIR) last announced its earnings results 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 company had revenue of $206.80 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 EPS. Research analysts expect that Mirion Technologies, Inc. will post 0.33 EPS for the current fiscal year.

Insider Transactions at Mirion Technologies

In related news, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $14.11, for a total transaction of $105,825.00. Following the completion of the transaction, the chief executive officer now owns 1,544,017 shares in the company, valued at approximately $21,786,079.87. This represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Emmanuelle Lee sold 3,405 shares of Mirion Technologies stock in a transaction dated 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 sold a total of 23,405 shares of company stock worth $285,939 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MIR. Baird R W raised shares of Mirion Technologies to a “strong-buy” rating in a research note on Thursday. Citigroup increased their price objective on shares of Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. B. Riley initiated coverage on Mirion Technologies in a research report on Thursday, September 26th. They issued a “buy” rating and a $14.00 target price for the company. Robert W. Baird initiated coverage on Mirion Technologies in a report on Thursday. They issued an “outperform” rating and a $22.00 price target on the stock. Finally, The Goldman Sachs Group boosted their price objective on Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $19.25.

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.