Mirion Technologies, Inc. (NYSE:MIR) Stock Position Raised by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in Mirion Technologies, Inc. (NYSE:MIR) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,502,455 shares of the company’s stock after acquiring an additional 147,408 shares during the period. Geode Capital Management LLC owned about 1.94% of Mirion Technologies worth $49,851,000 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. Innealta Capital LLC acquired a new stake in shares of Mirion Technologies during the second quarter worth approximately $39,000. Quest Partners LLC lifted its stake in Mirion Technologies by 680.5% in the third quarter. Quest Partners LLC now owns 6,728 shares of the company’s stock valued at $74,000 after acquiring an additional 5,866 shares during the last quarter. Integrated Advisors Network LLC bought a new position in shares of Mirion Technologies in the third quarter valued at approximately $120,000. Paloma Partners Management Co bought a new position in shares of Mirion Technologies in the third quarter valued at approximately $122,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Mirion Technologies in the third quarter valued at approximately $147,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction that occurred on 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 directly owns 1,544,017 shares of the company’s stock, valued at $21,786,079.87. This trade represents a 0.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Emmanuelle Lee sold 3,405 shares of the firm’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. Corporate insiders own 2.20% of the company’s stock.

Mirion Technologies Stock Performance

Mirion Technologies stock opened at $17.60 on Tuesday. The company has a current ratio of 2.16, a quick ratio of 1.55 and a debt-to-equity ratio of 0.43. Mirion Technologies, Inc. has a 1 year low of $9.11 and a 1 year high of $18.81. The company has a market cap of $4.09 billion, a PE ratio of -51.76 and a beta of 0.76. The company’s 50-day moving average is $15.99 and its two-hundred day moving average is $12.56.

Mirion Technologies (NYSE:MIR) last announced 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 negative net margin of 7.84% and a positive return on equity of 4.33%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 earnings per share. Equities analysts anticipate that Mirion Technologies, Inc. will post 0.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Mirion Technologies from $16.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. B. Riley initiated coverage on Mirion Technologies in a research report on Thursday, September 26th. They issued a “buy” rating and a $14.00 price target on the stock. Robert W. Baird initiated coverage on shares of Mirion Technologies in a report on Thursday, December 19th. They issued an “outperform” rating and a $22.00 target price on the stock. Baird R W raised shares of Mirion Technologies to a “strong-buy” rating in a report on Thursday, December 19th. Finally, 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 report on Wednesday, December 4th. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $19.25.

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.