Sanctuary Advisors LLC Makes New Investment in Mirion Technologies, Inc. (NYSE:MIR)

Sanctuary Advisors LLC purchased a new position in Mirion Technologies, Inc. (NYSE:MIR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,330 shares of the company’s stock, valued at approximately $170,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in 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 in the last quarter. State Street Corp boosted its holdings in Mirion Technologies by 2.7% in the third quarter. State Street Corp now owns 5,365,728 shares of the company’s stock worth $59,399,000 after acquiring an additional 138,648 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Mirion Technologies by 3.4% in the third quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company’s stock worth $49,851,000 after acquiring an additional 147,408 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of 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 purchasing an additional 1,507,101 shares in the last quarter. Finally, Corsair Capital Management L.P. lifted its holdings in shares of Mirion Technologies by 83.9% in the third quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company’s stock valued at $34,991,000 after purchasing an additional 1,441,846 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MIR. Baird R W upgraded Mirion Technologies to a “strong-buy” rating in a report on Thursday, December 19th. The Goldman Sachs Group raised their target price on Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Citigroup raised their target price on Mirion Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Robert W. Baird began coverage on Mirion Technologies in a report on Thursday, December 19th. They issued an “outperform” rating and a $22.00 target price on the stock. Finally, B. Riley began coverage on Mirion Technologies in a report on Thursday, September 26th. They issued a “buy” rating and a $14.00 target price on the stock. 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 company presently has a consensus rating of “Buy” and an average price target of $19.25.

Insiders Place Their Bets

In other Mirion Technologies news, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $14.11, for a total value of $105,825.00. Following the completion of the sale, the chief executive officer now directly owns 1,544,017 shares of the company’s stock, valued at $21,786,079.87. This trade represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Emmanuelle Lee sold 3,405 shares of Mirion Technologies 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 disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Mirion Technologies Stock Performance

Shares of MIR opened at $17.46 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. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of -51.35 and a beta of 0.76. The stock has a 50 day moving average of $16.34 and a 200 day moving average of $12.83. Mirion Technologies, Inc. has a 12 month low of $9.11 and a 12 month high of $18.81.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business 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 business’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.03 earnings per share. As a group, sell-side analysts forecast that Mirion Technologies, Inc. will post 0.33 earnings per share for the current year.

About Mirion Technologies

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.