Cinctive Capital Management LP Buys New Stake in Mirion Technologies, Inc. (NYSE:MIR)

Cinctive Capital Management LP acquired a new stake in Mirion Technologies, Inc. (NYSE:MIR - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 85,313 shares of the company's stock, valued at approximately $944,000.

Several other institutional investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its holdings in shares of Mirion Technologies by 7.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 111,519 shares of the company's stock worth $1,268,000 after buying an additional 7,264 shares during the period. Schwartz Investment Counsel Inc. increased its holdings in Mirion Technologies by 1.3% during the 2nd quarter. Schwartz Investment Counsel Inc. now owns 1,519,300 shares of the company's stock worth $16,317,000 after purchasing an additional 20,000 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Mirion Technologies by 13.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 816,754 shares of the company's stock valued at $8,772,000 after acquiring an additional 97,887 shares during the period. Legato Capital Management LLC increased its holdings in shares of Mirion Technologies by 51.5% in the 2nd quarter. Legato Capital Management LLC now owns 181,968 shares of the company's stock valued at $1,954,000 after acquiring an additional 61,888 shares during the period. Finally, Innealta Capital LLC purchased a new position in shares of Mirion Technologies in the 2nd quarter valued at $39,000. 78.51% of the stock is owned by institutional investors.

Mirion Technologies Trading Up 0.8 %

MIR traded up $0.13 during trading hours on Wednesday, reaching $17.08. The company's stock had a trading volume of 2,289,098 shares, compared to its average volume of 1,384,097. Mirion Technologies, Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $17.35. The stock has a market cap of $3.97 billion, a PE ratio of -50.22 and a beta of 0.76. The business's 50-day moving average is $14.41 and its 200-day moving average is $11.88. 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 (NYSE:MIR - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $206.80 million for the quarter, compared to analysts' expectations of $203.67 million. Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The firm's revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.03 EPS. As a group, equities research analysts predict that Mirion Technologies, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Mirion Technologies

In related news, CEO Thomas D. Logan sold 7,500 shares of the firm's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $10.47, for a total value of $78,525.00. Following the completion of the sale, the chief executive officer now owns 1,544,017 shares in the company, valued at $16,165,857.99. This trade represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the insider now directly owns 138,193 shares of the company's stock, valued at approximately $1,464,845.80. This trade represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,405 shares of company stock worth $285,939 over the last 90 days. Corporate insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MIR. B. Riley began coverage on Mirion Technologies in a research report on Thursday, September 26th. They issued a "buy" rating and a $14.00 price objective for the company. Citigroup raised their price objective on Mirion Technologies from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, The Goldman Sachs Group raised their price objective on Mirion Technologies from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st.

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.