Millennium Management LLC Has $5.73 Million Holdings in Mirion Technologies, Inc. (NYSE:MIR)

Millennium Management LLC grew its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 509.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 533,534 shares of the company’s stock after buying an additional 446,034 shares during the quarter. Millennium Management LLC owned approximately 0.23% of Mirion Technologies worth $5,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Swedbank AB bought a new position in shares of Mirion Technologies in the 1st quarter valued at approximately $122,546,000. American Century Companies Inc. increased its position in shares of Mirion Technologies by 61.9% during the second 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 boosted its stake 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 buying an additional 1,031,966 shares in the last quarter. Nomura Holdings Inc. boosted its stake in Mirion Technologies by 11.2% in the 4th quarter. Nomura Holdings Inc. now owns 4,916,574 shares of the company’s stock valued at $50,395,000 after buying an additional 493,939 shares in the last quarter. Finally, Nicholas Investment Partners LP acquired a new stake in Mirion Technologies in the 2nd quarter valued at $5,223,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Mirion Technologies Trading Up 3.8 %

Shares of MIR opened at $13.35 on Friday. 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 12-month low of $6.70 and a 12-month high of $13.39. The firm has a market capitalization of $3.10 billion, a PE ratio of -40.45 and a beta of 0.79. The stock’s fifty day simple moving average is $10.59 and its 200-day simple moving average is $10.67.

Mirion Technologies (NYSE:MIR) last posted 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 during 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%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.08 EPS. As a group, research analysts predict that Mirion Technologies, Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Mirion Technologies

In related news, insider Emmanuelle Lee sold 5,000 shares of the 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 filing with the SEC, which can be accessed through this link. In other Mirion Technologies news, insider Emmanuelle Lee sold 5,000 shares of the firm’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 transaction of $54,000.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Loic Eloy sold 22,139 shares of Mirion Technologies stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $9.91, for a total transaction of $219,397.49. Following the completion of the sale, the insider now owns 177,663 shares in the company, valued at $1,760,640.33. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,639 shares of company stock worth $568,947 in the last ninety days. Company insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley began coverage on Mirion Technologies in a research note on Thursday, September 26th. They issued a “buy” rating and a $14.00 price objective on the 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.