Lord Abbett & CO. LLC Sells 54,503 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Lord Abbett & CO. LLC lowered its stake in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 3.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,387,535 shares of the company's stock after selling 54,503 shares during the quarter. Lord Abbett & CO. LLC owned 0.60% of Mirion Technologies worth $15,360,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MIR. 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. Corsair Capital Management L.P. increased its holdings in Mirion Technologies by 83.9% during the third quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company's stock valued at $34,991,000 after buying an additional 1,441,846 shares during the last quarter. Dimensional Fund Advisors LP raised its position 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 worth $65,642,000 after acquiring an additional 1,031,966 shares during the period. Nicholas Investment Partners LP bought a new position in Mirion Technologies in the second quarter worth approximately $5,223,000. Finally, Millennium Management LLC boosted its stake in shares of Mirion Technologies by 509.8% during the 2nd quarter. Millennium Management LLC now owns 533,534 shares of the company's stock worth $5,730,000 after acquiring an additional 446,034 shares during the last quarter. Institutional investors own 78.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MIR. The Goldman Sachs Group upped their price objective on Mirion Technologies from $16.00 to $21.00 and gave the stock a "buy" rating in a research note on Thursday. Citigroup upped their price target on Mirion Technologies from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Finally, B. Riley initiated coverage on Mirion Technologies in a research report on Thursday, September 26th. They set a "buy" rating and a $14.00 price objective on the stock.

Insiders Place Their Bets

In other news, insider Emmanuelle Lee sold 3,405 shares of the firm's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $14.27, for a total transaction of $48,589.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of the business's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $14.11, for a total value of $105,825.00. Following the completion of the sale, the chief executive officer now owns 1,544,017 shares in the company, valued at $21,786,079.87. This represents a 0.48 % 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 in the last three months. 2.20% of the stock is owned by company insiders.

Mirion Technologies Price Performance

Shares of MIR stock traded up $0.62 on Monday, hitting $18.66. 2,134,536 shares of the stock traded hands, compared to its average volume of 1,425,487. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of -54.32 and a beta of 0.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55. The firm has a 50 day simple moving average of $15.38 and a two-hundred day simple moving average of $12.24. Mirion Technologies, Inc. has a 52 week low of $9.11 and a 52 week high of $18.81.

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

Mirion Technologies Company 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.