Mirion Technologies, Inc. (NYSE:MIR) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in Mirion Technologies, Inc. (NYSE:MIR) by 28.4% during the third quarter, Holdings Channel.com reports. The fund owned 14,716 shares of the company’s stock after selling 5,843 shares during the quarter. Principal Financial Group Inc.’s holdings in Mirion Technologies were worth $163,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC lifted its stake in shares of Mirion Technologies by 680.5% in the 3rd quarter. Quest Partners LLC now owns 6,728 shares of the company’s stock valued at $74,000 after purchasing an additional 5,866 shares in the last quarter. SkyView Investment Advisors LLC acquired a new position in Mirion Technologies during the third quarter valued at approximately $111,000. Integrated Advisors Network LLC purchased a new stake in Mirion Technologies during the third quarter worth approximately $120,000. Paloma Partners Management Co acquired a new stake in shares of Mirion Technologies in the third quarter worth $122,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Mirion Technologies in the 3rd quarter valued at $147,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Insiders Place Their Bets

In other news, insider Emmanuelle Lee sold 3,405 shares of the business’s stock in a transaction 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,544,017 shares in the company, valued at approximately $21,786,079.87. This trade represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MIR has been the subject of several analyst reports. Baird R W raised Mirion Technologies to a “strong-buy” rating in a research report on Thursday, December 19th. Citigroup upped their price target on Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. The Goldman Sachs Group lifted their price objective on shares of Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Robert W. Baird started coverage on shares of Mirion Technologies in a research note on Thursday, December 19th. They issued an “outperform” rating and a $22.00 target price for the company. Finally, B. Riley assumed coverage on shares of Mirion Technologies in a research note on Thursday, September 26th. They set a “buy” rating and a $14.00 price target on the stock. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $19.25.

Mirion Technologies Trading Down 2.9 %

NYSE MIR opened at $16.98 on Wednesday. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of -49.94 and a beta of 0.75. 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 12 month low of $9.11 and a 12 month high of $18.81. The company’s fifty day moving average price is $16.65 and its two-hundred day moving average price is $13.07.

Mirion Technologies (NYSE:MIR) last released its 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 firm had revenue of $206.80 million for the quarter, compared to the consensus estimate of $203.67 million. Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.03 EPS. As a group, research analysts predict that Mirion Technologies, Inc. will post 0.33 earnings per share for the current fiscal 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.