Principal Financial Group Inc. Cuts Stock Holdings in Mirion Technologies, Inc. (NYSE:MIR)

Principal Financial Group Inc. decreased its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR) by 97.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 20,559 shares of the company’s stock after selling 667,484 shares during the period. Principal Financial Group Inc.’s holdings in Mirion Technologies were worth $221,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MIR. Essex Investment Management Co. LLC grew its position in shares of Mirion Technologies by 0.6% in the 1st quarter. Essex Investment Management Co. LLC now owns 259,500 shares of the company’s stock worth $2,951,000 after buying an additional 1,427 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Mirion Technologies by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 36,017 shares of the company’s stock worth $410,000 after buying an additional 2,833 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Mirion Technologies in the 2nd quarter worth approximately $39,000. Lazard Asset Management LLC grew its position in shares of Mirion Technologies by 19.8% in the 1st quarter. Lazard Asset Management LLC now owns 22,751 shares of the company’s stock worth $258,000 after buying an additional 3,753 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Mirion Technologies by 22.5% in the 4th quarter. Victory Capital Management Inc. now owns 27,873 shares of the company’s stock worth $286,000 after buying an additional 5,119 shares during the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Stock Up 2.5 %

MIR stock opened at $9.94 on Monday. The firm has a 50 day moving average of $10.52 and a 200 day moving average of $10.57. The stock has a market capitalization of $2.26 billion, a PE ratio of -24.24 and a beta of 0.79. The company has a quick ratio of 1.55, a current ratio of 2.18 and a debt-to-equity ratio of 0.44. Mirion Technologies, Inc. has a 52 week low of $6.70 and a 52 week high of $11.78.

Mirion Technologies (NYSE:MIR) last released its earnings results on Thursday, August 1st. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $207.10 million during the quarter, compared to analysts’ expectations of $210.77 million. Mirion Technologies had a negative net margin of 7.80% and a positive return on equity of 3.81%. Mirion Technologies’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the business earned $0.08 EPS.

Insider Buying and Selling

In other Mirion Technologies news, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $11.00, for a total transaction of $82,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,544,017 shares in the company, valued at approximately $16,984,187. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Mirion Technologies news, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $11.00, for a total transaction of $82,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,544,017 shares in the company, valued at approximately $16,984,187. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Emmanuelle Lee sold 5,000 shares of Mirion Technologies stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $10.80, for a total transaction of $54,000.00. The disclosure for this sale can be found here. Insiders sold 54,639 shares of company stock worth $572,897 in the last three months. Corporate insiders own 2.20% of the company’s stock.

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.