Swedbank AB Has $113.12 Million Stake in Mirion Technologies, Inc. (NYSE:MIR)

Swedbank AB trimmed its position in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,219,000 shares of the company's stock after selling 162,062 shares during the period. Swedbank AB owned 4.40% of Mirion Technologies worth $113,124,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MIR. Vanguard Group Inc. boosted its position in Mirion Technologies by 0.8% during the first quarter. Vanguard Group Inc. now owns 21,308,031 shares of the company's stock worth $242,272,000 after purchasing an additional 159,404 shares during the period. Dimensional Fund Advisors LP raised 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 acquiring an additional 1,031,966 shares during the period. American Century Companies Inc. lifted its position in Mirion Technologies by 61.9% during the second quarter. American Century Companies Inc. now owns 3,942,571 shares of the company's stock worth $42,343,000 after acquiring an additional 1,507,101 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Mirion Technologies by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,559,576 shares of the company's stock worth $17,265,000 after acquiring an additional 38,474 shares during the period. Finally, Schwartz Investment Counsel Inc. grew its position in shares of Mirion Technologies by 1.3% in the second quarter. Schwartz Investment Counsel Inc. now owns 1,519,300 shares of the company's stock valued at $16,317,000 after purchasing an additional 20,000 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MIR has been the topic of several recent research reports. The Goldman Sachs Group increased 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. Citigroup increased their price target on Mirion Technologies from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, B. Riley assumed coverage on Mirion Technologies in a report on Thursday, September 26th. They issued a "buy" rating and a $14.00 price objective for the company.

Insider Activity

In other news, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $10.47, for a total transaction of $78,525.00. Following the sale, the chief executive officer now directly owns 1,544,017 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through the SEC website. Also, insider Emmanuelle Lee sold 3,405 shares of the company'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. In the last ninety days, insiders sold 23,405 shares of company stock worth $285,939. Insiders own 2.20% of the company's stock.

Mirion Technologies Price Performance

NYSE MIR traded down $0.18 on Monday, hitting $16.60. 2,224,438 shares of the company's stock were exchanged, compared to its average volume of 1,366,820. Mirion Technologies, Inc. has a 52 week low of $8.65 and a 52 week high of $17.03. The stock has a 50-day moving average of $13.39 and a 200-day moving average of $11.54. 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 $3.86 billion, a price-to-earnings ratio of -49.35 and a beta of 0.73.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its earnings results 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). The business had revenue of $206.80 million during 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 business's revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 EPS. Analysts expect that Mirion Technologies, Inc. will post 0.36 earnings per share for the current year.

About Mirion Technologies

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.