Select Equity Group L.P. Sells 176,645 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Select Equity Group L.P. reduced its stake in Mirion Technologies, Inc. (NYSE:MIR) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,783,888 shares of the company’s stock after selling 176,645 shares during the quarter. Select Equity Group L.P. owned about 2.54% of Mirion Technologies worth $62,119,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Swedbank AB acquired a new position in shares of Mirion Technologies in the first quarter valued at approximately $122,546,000. American Century Companies Inc. boosted its stake in Mirion Technologies by 61.9% in the 2nd quarter. American Century Companies Inc. now owns 3,942,571 shares of the company’s stock valued at $42,343,000 after purchasing an additional 1,507,101 shares during the period. Dimensional Fund Advisors LP grew its holdings in Mirion Technologies by 40.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,738,900 shares of the company’s stock valued at $38,325,000 after buying an additional 1,071,810 shares in the last quarter. Nomura Holdings Inc. increased its position in Mirion Technologies by 11.2% during the 4th quarter. Nomura Holdings Inc. now owns 4,916,574 shares of the company’s stock worth $50,395,000 after buying an additional 493,939 shares during the period. Finally, Nicholas Investment Partners LP acquired a new stake in shares of Mirion Technologies during the second quarter worth $5,223,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Emmanuelle Lee sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $10.80, for a total value of $54,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Thomas D. Logan sold 7,500 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $10.47, for a total transaction of $78,525.00. Following the completion of the sale, the chief executive officer now directly owns 1,544,017 shares in the company, valued at approximately $16,165,857.99. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Emmanuelle Lee sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $10.80, for a total value of $54,000.00. The disclosure for this sale can be found here. Insiders have sold 54,639 shares of company stock worth $568,947 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Mirion Technologies Trading Up 3.3 %

Shares of MIR stock opened at $11.03 on Friday. The stock has a market cap of $2.56 billion, a P/E ratio of -26.89 and a beta of 0.79. The company has a current ratio of 2.18, a quick ratio of 1.55 and a debt-to-equity ratio of 0.44. The stock has a 50 day simple moving average of $10.40 and a 200 day simple moving average of $10.59. Mirion Technologies, Inc. has a 1 year low of $6.70 and a 1 year high of $11.78.

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

Analyst Ratings Changes

Separately, B. Riley began coverage on shares of Mirion Technologies in a research note on Thursday. They issued a “buy” rating and a $14.00 price target on the stock.

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.