UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Position in Mirion Technologies, Inc. (NYSE:MIR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in Mirion Technologies, Inc. (NYSE:MIR) by 11.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 292,837 shares of the company’s stock after selling 36,378 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Mirion Technologies were worth $3,242,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MIR. Innealta Capital LLC bought a new stake in Mirion Technologies in the 2nd quarter worth about $39,000. Quest Partners LLC lifted its stake in Mirion Technologies by 680.5% during the 3rd quarter. Quest Partners LLC now owns 6,728 shares of the company’s stock valued at $74,000 after acquiring an additional 5,866 shares during the period. Integrated Advisors Network LLC purchased a new stake in shares of Mirion Technologies during the 3rd quarter valued at about $120,000. Landscape Capital Management L.L.C. bought a new stake in shares of Mirion Technologies in the third quarter worth approximately $147,000. Finally, Algert Global LLC purchased a new position in shares of Mirion Technologies during the second quarter valued at approximately $189,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Emmanuelle Lee sold 5,000 shares of Mirion Technologies stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $10.60, for a total transaction of $53,000.00. Following the completion of the transaction, the insider now directly owns 138,193 shares of the company’s stock, valued at approximately $1,464,845.80. The trade was a 3.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $14.11, for a total value of $105,825.00. Following the completion of the sale, the chief executive officer now owns 1,544,017 shares in the company, valued at approximately $21,786,079.87. The trade was a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,405 shares of company stock worth $285,939. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MIR has been the subject of a number of research analyst reports. B. Riley began coverage on shares of Mirion Technologies in a research report on Thursday, September 26th. They issued a “buy” rating and a $14.00 target price for the company. The Goldman Sachs Group raised their price target on Mirion Technologies from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Citigroup upped their price objective on Mirion Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th.

Mirion Technologies Trading Up 1.7 %

Shares of Mirion Technologies stock opened at $18.05 on Friday. Mirion Technologies, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $18.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. The company has a market capitalization of $4.19 billion, a P/E ratio of -53.07 and a beta of 0.76. The company has a fifty day moving average of $15.24 and a 200 day moving average of $12.17.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $206.80 million for the quarter, compared to the consensus estimate of $203.67 million. Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 EPS. On average, sell-side analysts anticipate that Mirion Technologies, Inc. will post 0.33 earnings per share for the current fiscal year.

Mirion Technologies 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.