Connor Clark & Lunn Investment Management Ltd. Takes $281,000 Position in Mirion Technologies, Inc. (NYSE:MIR)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Mirion Technologies, Inc. (NYSE:MIR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,396 shares of the company’s stock, valued at approximately $281,000.

Several other institutional investors have also recently made changes to their positions in MIR. Millennium Management LLC boosted its position in Mirion Technologies by 509.8% during the second quarter. Millennium Management LLC now owns 533,534 shares of the company’s stock valued at $5,730,000 after purchasing an additional 446,034 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in shares of Mirion Technologies during the second quarter worth about $1,890,000. Rice Hall James & Associates LLC acquired a new position in Mirion Technologies during the 2nd quarter valued at approximately $2,377,000. Bank of New York Mellon Corp raised its holdings in shares of Mirion Technologies by 13.6% in the second quarter. Bank of New York Mellon Corp now owns 816,754 shares of the company’s stock worth $8,772,000 after buying an additional 97,887 shares during the last quarter. Finally, Maverick Capital Ltd. lifted its holdings in shares of Mirion Technologies by 291.9% during the second quarter. Maverick Capital Ltd. now owns 159,811 shares of the company’s stock worth $1,716,000 after purchasing an additional 119,037 shares during the period. Institutional investors own 78.51% of the company’s stock.

Insider Activity at Mirion Technologies

In other news, insider Emmanuelle Lee sold 5,000 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $10.60, for a total transaction of $53,000.00. Following the completion of the sale, the insider now owns 138,193 shares in the company, valued at approximately $1,464,845.80. This represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas D. Logan sold 7,500 shares of the business’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 value of $105,825.00. Following the completion of the transaction, the chief executive officer now directly owns 1,544,017 shares in the company, valued at approximately $21,786,079.87. The trade was a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,405 shares of company stock valued at $285,939 over the last ninety days. Insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on MIR. B. Riley started coverage on Mirion Technologies in a research report on Thursday, September 26th. They issued a “buy” rating and a $14.00 price objective on the stock. Citigroup boosted their price objective on Mirion Technologies from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their price target on Mirion Technologies from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st.

Mirion Technologies Stock Up 3.6 %

Shares of MIR opened at $16.87 on Monday. The company’s 50-day simple moving average is $14.04 and its 200-day simple moving average is $11.76. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. Mirion Technologies, Inc. has a 1 year low of $8.73 and a 1 year high of $17.03. The stock has a market capitalization of $3.92 billion, a PE ratio of -49.62 and a beta of 0.73.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the previous year, the business posted $0.03 EPS. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. Analysts forecast that Mirion Technologies, Inc. will post 0.36 earnings per share 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.