Barclays PLC Boosts Stock Position in Mirion Technologies, Inc. (NYSE:MIR)

Barclays PLC raised its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR) by 325.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 307,680 shares of the company’s stock after acquiring an additional 235,288 shares during the quarter. Barclays PLC’s holdings in Mirion Technologies were worth $3,405,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in MIR. Millennium Management LLC grew its position in shares of Mirion Technologies by 509.8% in the 2nd quarter. Millennium Management LLC now owns 533,534 shares of the company’s stock valued at $5,730,000 after buying an additional 446,034 shares during the last quarter. Corsair Capital Management L.P. grew its holdings in shares of Mirion Technologies by 83.9% during the third quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company’s stock worth $34,991,000 after purchasing an additional 1,441,846 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Mirion Technologies by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,559,576 shares of the company’s stock worth $17,265,000 after purchasing an additional 38,474 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of Mirion Technologies during the second quarter worth about $1,890,000. Finally, Telemark Asset Management LLC purchased a new stake in shares of Mirion Technologies in the 3rd quarter valued at about $4,428,000. 78.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Robert W. Baird began coverage on Mirion Technologies in a research note on Thursday, December 19th. They set an “outperform” rating and a $22.00 price target on the stock. B. Riley assumed coverage on shares of Mirion Technologies in a research report on Thursday, September 26th. They set a “buy” rating and a $14.00 target price on the stock. The Goldman Sachs Group increased their price target on shares of Mirion Technologies from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Citigroup lifted their price objective on shares of Mirion Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Baird R W upgraded shares of Mirion Technologies to a “strong-buy” rating in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $19.25.

Mirion Technologies Stock Performance

NYSE:MIR opened at $17.60 on Tuesday. 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 firm has a market cap of $4.09 billion, a price-to-earnings ratio of -51.76 and a beta of 0.76. The firm’s fifty day moving average price is $15.99 and its 200 day moving average price is $12.56. Mirion Technologies, Inc. has a 1-year low of $9.11 and a 1-year high of $18.81.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $206.80 million during the quarter, compared to analysts’ expectations 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 revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 EPS. On average, sell-side analysts expect that Mirion Technologies, Inc. will post 0.33 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Thomas D. Logan sold 7,500 shares of the business’s 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 approximately $21,786,079.87. The trade was a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Emmanuelle Lee sold 3,405 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was 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. 2.20% of the stock is currently owned by insiders.

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.