State Street Corp Grows Position in Mirion Technologies, Inc. (NYSE:MIR)

State Street Corp increased its position in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 2.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,365,728 shares of the company's stock after purchasing an additional 138,648 shares during the quarter. State Street Corp owned approximately 2.31% of Mirion Technologies worth $59,399,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MIR. Innealta Capital LLC bought a new stake in shares of Mirion Technologies during the 2nd quarter worth $39,000. Quest Partners LLC grew its position in shares of Mirion Technologies by 680.5% during the 3rd quarter. Quest Partners LLC now owns 6,728 shares of the company's stock valued at $74,000 after acquiring an additional 5,866 shares during the period. Integrated Advisors Network LLC bought a new position in shares of Mirion Technologies during the 3rd quarter valued at approximately $120,000. Paloma Partners Management Co purchased a new stake in shares of Mirion Technologies during the 3rd quarter worth approximately $122,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Mirion Technologies in the 3rd quarter valued at about $147,000. 78.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on MIR shares. Robert W. Baird initiated coverage on Mirion Technologies in a report on Thursday. They issued an "outperform" rating and a $22.00 price target for the company. B. Riley started coverage on Mirion Technologies in a report on Thursday, September 26th. They set a "buy" rating and a $14.00 target price for the company. The Goldman Sachs Group increased their price target on shares of Mirion Technologies from $16.00 to $21.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Finally, Citigroup boosted their price objective on shares of Mirion Technologies from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $19.25.

Mirion Technologies Price Performance

Shares of MIR traded up $0.13 during trading hours on Thursday, reaching $17.57. 2,493,190 shares of the company's stock traded hands, compared to its average volume of 1,437,613. Mirion Technologies, Inc. has a 12 month low of $9.11 and a 12 month high of $18.81. The company has a current ratio of 2.16, a quick ratio of 1.55 and a debt-to-equity ratio of 0.43. The stock has a market cap of $4.08 billion, a PE ratio of -51.68 and a beta of 0.76. The firm's 50 day simple moving average is $15.72 and its 200-day simple moving average is $12.39.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its earnings results 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). The company 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%. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 earnings per share. Equities analysts expect that Mirion Technologies, Inc. will post 0.33 EPS for the current year.

Insider Buying and Selling

In other Mirion Technologies news, CEO Thomas D. Logan sold 7,500 shares of the company's stock in a transaction that occurred on Tuesday, September 24th. The stock was 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 of the company's stock, valued at $16,165,857.99. This represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Emmanuelle Lee sold 5,000 shares of Mirion Technologies stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $10.60, for a total transaction of $53,000.00. Following the transaction, the insider now directly owns 138,193 shares in the company, valued at $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. Over the last ninety days, insiders sold 23,405 shares of company stock worth $285,939. Corporate insiders own 2.20% of the company's stock.

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.