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

Fmr LLC lifted its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 258.4% in the 3rd quarter, Holdings Channel reports. The fund owned 17,957 shares of the company’s stock after buying an additional 12,947 shares during the quarter. Fmr LLC’s holdings in Mirion Technologies were worth $199,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Telemark Asset Management LLC bought a new position in Mirion Technologies during the third quarter worth about $4,428,000. Eagle Asset Management Inc. lifted its stake in shares of Mirion Technologies by 60.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 505,247 shares of the company’s stock valued at $5,593,000 after buying an additional 190,654 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 valued at $17,265,000 after buying an additional 38,474 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in Mirion Technologies in the 3rd quarter worth approximately $147,000. Finally, Intech Investment Management LLC purchased a new position in Mirion Technologies in the 3rd quarter valued at approximately $583,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, insider Emmanuelle Lee sold 3,405 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $14.27, for a total transaction of $48,589.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $10.47, for a total transaction 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 approximately $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. In 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 Stock Performance

NYSE:MIR opened at $17.89 on Friday. The stock has a market cap of $4.16 billion, a P/E ratio of -52.62 and a beta of 0.76. 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’s 50-day moving average price is $15.91 and its two-hundred day moving average price is $12.49. Mirion Technologies, Inc. has a twelve month low of $9.11 and a twelve month 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 for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. The company had revenue of $206.80 million during the quarter, compared to analysts’ expectations of $203.67 million. During the same period in the prior year, the business earned $0.03 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities analysts predict that Mirion Technologies, Inc. will post 0.33 EPS for the current fiscal year.

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.