State Street Corp Increases Holdings in Mirion Technologies, Inc. (NYSE:MIR)

State Street Corp grew its holdings in Mirion Technologies, Inc. (NYSE:MIR) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,365,728 shares of the company’s stock after buying an additional 138,648 shares during the quarter. State Street Corp owned approximately 2.31% of Mirion Technologies worth $59,399,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Innealta Capital LLC purchased a new stake in shares of Mirion Technologies in the 2nd quarter worth about $39,000. Quest Partners LLC boosted its position in Mirion Technologies by 680.5% during the 3rd 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 in the last quarter. Integrated Advisors Network LLC purchased a new position in shares of Mirion Technologies during the 3rd quarter worth approximately $120,000. Paloma Partners Management Co bought a new position in shares of Mirion Technologies in the 3rd quarter worth approximately $122,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Mirion Technologies in the 3rd quarter valued at approximately $147,000. 78.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on MIR. The Goldman Sachs Group raised their price objective on Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Citigroup boosted their price objective on shares of Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, B. Riley started coverage on shares of Mirion Technologies in a research note on Thursday, September 26th. They set a “buy” rating and a $14.00 target price for the company.

Mirion Technologies Stock Down 4.0 %

MIR stock opened at $17.44 on Thursday. The stock has a market capitalization of $4.05 billion, a P/E ratio of -51.29 and a beta of 0.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55. Mirion Technologies, Inc. has a 1-year low of $9.11 and a 1-year high of $18.81. The business has a fifty day moving average price of $15.72 and a 200-day moving average price of $12.39.

Mirion Technologies (NYSE:MIR) last issued its 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). Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The business had revenue of $206.80 million during the quarter, compared to analysts’ expectations of $203.67 million. During the same period last year, the firm posted $0.03 EPS. Mirion Technologies’s quarterly revenue was up 8.2% compared to the same quarter last year. Equities analysts forecast that Mirion Technologies, Inc. will post 0.33 earnings per share for the current fiscal year.

Insider Transactions at Mirion Technologies

In related news, insider Emmanuelle Lee sold 3,405 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $14.27, for a total value of $48,589.35. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was 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 $21,786,079.87. The trade was a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,405 shares of company stock worth $285,939 in the last ninety days. Insiders own 2.20% of the company’s stock.

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.