Creative Planning Cuts Stock Position in Mirion Technologies, Inc. (NYSE:MIR)

Creative Planning decreased its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 9.1% in the third quarter, HoldingsChannel reports. The fund owned 10,763 shares of the company’s stock after selling 1,081 shares during the quarter. Creative Planning’s holdings in Mirion Technologies were worth $119,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in Mirion Technologies in the 2nd quarter worth approximately $39,000. Algert Global LLC acquired a new stake in shares of Mirion Technologies during the second quarter worth $189,000. Bayesian Capital Management LP acquired a new stake in shares of Mirion Technologies during the first quarter worth about $226,000. Exchange Traded Concepts LLC increased its holdings in Mirion Technologies by 90.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 22,698 shares of the company’s stock worth $251,000 after buying an additional 10,781 shares during the period. Finally, Lazard Asset Management LLC raised its position in Mirion Technologies by 19.8% during 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. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mirion Technologies

In other news, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $11.00, for a total transaction of $82,500.00. Following the transaction, the chief executive officer now owns 1,544,017 shares in the company, valued at $16,984,187. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Mirion Technologies news, insider Emmanuelle Lee sold 3,405 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $14.27, for a total transaction of $48,589.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $11.00, for a total value of $82,500.00. Following the transaction, the chief executive officer now directly owns 1,544,017 shares of the company’s stock, valued at $16,984,187. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,905 shares of company stock worth $368,439 in the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Mirion Technologies Price Performance

Shares of NYSE MIR opened at $14.43 on Wednesday. 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 market capitalization of $3.35 billion, a price-to-earnings ratio of -43.03 and a beta of 0.73. The firm’s 50 day simple moving average is $12.34 and its 200-day simple moving average is $11.21. Mirion Technologies, Inc. has a 12 month low of $8.06 and a 12 month high of $15.98.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, missing the consensus estimate 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 negative net margin of 7.84% and a positive return on equity of 4.33%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 EPS. Analysts expect that Mirion Technologies, Inc. will post 0.36 EPS for the current year.

Wall Street Analyst Weigh In

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

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.