Charles Schwab Investment Management Inc. Acquires 38,474 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Charles Schwab Investment Management Inc. boosted its holdings in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 2.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,559,576 shares of the company's stock after acquiring an additional 38,474 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.67% of Mirion Technologies worth $17,265,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in Mirion Technologies by 20.3% in the second quarter. Dimensional Fund Advisors LP now owns 6,111,933 shares of the company's stock valued at $65,642,000 after acquiring an additional 1,031,966 shares during the last quarter. American Century Companies Inc. increased its position in shares of Mirion Technologies by 61.9% during the 2nd quarter. American Century Companies Inc. now owns 3,942,571 shares of the company's stock valued at $42,343,000 after purchasing an additional 1,507,101 shares during the last quarter. Schwartz Investment Counsel Inc. raised its holdings in shares of Mirion Technologies by 1.3% during the 2nd quarter. Schwartz Investment Counsel Inc. now owns 1,519,300 shares of the company's stock valued at $16,317,000 after buying an additional 20,000 shares in the last quarter. Bank of New York Mellon Corp lifted its position in 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 worth $8,772,000 after buying an additional 97,887 shares during the last quarter. Finally, Millennium Management LLC grew 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 acquiring an additional 446,034 shares during the last quarter. Hedge funds and other institutional investors own 78.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MIR. 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 report on Wednesday. The Goldman Sachs Group boosted their price target on shares of Mirion Technologies from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, B. Riley assumed coverage on Mirion Technologies in a research note on Thursday, September 26th. They set a "buy" rating and a $14.00 price objective on the stock.

Mirion Technologies Trading Up 0.5 %

Shares of NYSE MIR traded up $0.09 during mid-day trading on Friday, hitting $18.12. The stock had a trading volume of 2,561,516 shares, compared to its average volume of 2,090,071. The business has a 50 day moving average price of $14.69 and a two-hundred day moving average price of $11.99. Mirion Technologies, Inc. has a 1 year low of $9.09 and a 1 year high of $18.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. The firm has a market cap of $4.21 billion, a P/E ratio of -53.29 and a beta of 0.76.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) 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 firm 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 firm posted $0.03 EPS. Mirion Technologies's revenue was up 8.2% compared to the same quarter last year. On average, equities analysts anticipate that Mirion Technologies, Inc. will post 0.36 EPS for the current fiscal year.

Insider Transactions at Mirion Technologies

In related news, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies 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 sale, the chief executive officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Emmanuelle Lee sold 3,405 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $14.27, for a total value of $48,589.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,405 shares of company stock worth $285,939. 2.20% of the stock is currently owned by insiders.

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.