Swedbank AB Sells 162,062 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Swedbank AB lowered its holdings in Mirion Technologies, Inc. (NYSE:MIR) by 1.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 10,219,000 shares of the company’s stock after selling 162,062 shares during the period. Swedbank AB’s holdings in Mirion Technologies were worth $113,124,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Mirion Technologies by 0.8% during the 1st 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. Lazard Asset Management LLC increased its stake in Mirion Technologies by 19.8% during the first quarter. Lazard Asset Management LLC now owns 22,751 shares of the company’s stock valued at $258,000 after acquiring an additional 3,753 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Mirion Technologies by 7.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 111,519 shares of the company’s stock valued at $1,268,000 after acquiring an additional 7,264 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of Mirion Technologies in the 1st quarter worth approximately $226,000. Finally, Boston Partners grew its holdings in shares of Mirion Technologies by 121.6% during the 1st quarter. Boston Partners now owns 72,135 shares of the company’s stock worth $820,000 after purchasing an additional 39,582 shares in the last quarter. 78.51% of the stock is owned by institutional investors.

Insider Activity

In other Mirion Technologies news, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $14.11, for a total transaction of $105,825.00. Following the sale, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at $21,786,079.87. This represents a 0.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Emmanuelle Lee sold 3,405 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $14.27, for a total transaction of $48,589.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,405 shares of company stock worth $285,939. Insiders own 2.20% of the company’s stock.

Mirion Technologies Stock Performance

Mirion Technologies stock opened at $16.78 on Monday. Mirion Technologies, Inc. has a 52-week low of $8.65 and a 52-week high of $16.78. 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 stock has a fifty day moving average price of $13.39 and a two-hundred day moving average price of $11.53. The firm has a market capitalization of $3.90 billion, a P/E ratio of -49.35 and a beta of 0.73.

Mirion Technologies (NYSE:MIR) last announced 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 firm had revenue of $206.80 million for the quarter, compared to analyst estimates of $203.67 million. Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 EPS. As a group, analysts anticipate that Mirion Technologies, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. B. Riley started coverage on shares of Mirion Technologies in a research note on Thursday, September 26th. They set a “buy” rating and a $14.00 price target on the stock. The Goldman Sachs Group lifted their target price on shares of Mirion Technologies from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Citigroup increased their price target on shares of Mirion Technologies from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st.

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.