Geode Capital Management LLC Boosts Stock Position in Mirion Technologies, Inc. (NYSE:MIR)

Geode Capital Management LLC grew its holdings in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,502,455 shares of the company's stock after purchasing an additional 147,408 shares during the period. Geode Capital Management LLC owned approximately 1.94% of Mirion Technologies worth $49,851,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of MIR. Dimensional Fund Advisors LP increased its holdings in Mirion Technologies by 20.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,111,933 shares of the company's stock valued at $65,642,000 after purchasing an additional 1,031,966 shares during the last quarter. State Street Corp boosted its position in shares of Mirion Technologies by 2.7% during the third quarter. State Street Corp now owns 5,365,728 shares of the company's stock worth $59,399,000 after buying an additional 138,648 shares during the period. American Century Companies Inc. grew its stake in shares of Mirion Technologies by 61.9% in the second quarter. American Century Companies Inc. now owns 3,942,571 shares of the company's stock valued at $42,343,000 after buying an additional 1,507,101 shares in the last quarter. Corsair Capital Management L.P. raised its holdings in shares of Mirion Technologies by 83.9% in the 3rd 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 period. Finally, ArrowMark Colorado Holdings LLC raised its holdings in shares of Mirion Technologies by 8.7% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,000,060 shares of the company's stock valued at $33,211,000 after buying an additional 241,334 shares during the period. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Thomas D. Logan sold 7,500 shares of the firm's 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 transaction, the chief executive officer now owns 1,544,017 shares in the company, valued at $21,786,079.87. This trade represents a 0.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Emmanuelle Lee sold 3,405 shares of the business's stock in a transaction that occurred on Thursday, October 31st. The shares were 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. Company insiders own 2.20% of the company's stock.

Wall Street Analysts Forecast Growth

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

Mirion Technologies Stock Up 1.8 %

NYSE MIR traded up $0.31 on Tuesday, hitting $17.91. 635,723 shares of the stock were exchanged, compared to its average volume of 1,443,492. Mirion Technologies, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $18.81. The company has a 50-day moving average price of $15.99 and a 200-day moving average price of $12.56. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. The company has a market cap of $4.16 billion, a PE ratio of -52.68 and a beta of 0.76.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued 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). Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The firm had revenue of $206.80 million for the quarter, compared to analyst estimates of $203.67 million. During the same quarter in the previous year, the firm posted $0.03 EPS. The business's revenue for the quarter was up 8.2% on a year-over-year basis. Sell-side analysts anticipate that Mirion Technologies, Inc. will post 0.33 EPS 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.