Chescapmanager LLC Purchases 7,595 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Chescapmanager LLC grew its position in Mirion Technologies, Inc. (NYSE:MIR) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,041,401 shares of the company’s stock after purchasing an additional 7,595 shares during the quarter. Mirion Technologies makes up about 1.2% of Chescapmanager LLC’s portfolio, making the stock its 20th largest position. Chescapmanager LLC owned 0.45% of Mirion Technologies worth $11,528,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in Mirion Technologies in the second quarter worth approximately $39,000. Quest Partners LLC grew its position in shares of Mirion Technologies by 680.5% during the 3rd quarter. Quest Partners LLC now owns 6,728 shares of the company’s stock worth $74,000 after buying an additional 5,866 shares during the period. Integrated Advisors Network LLC bought a new stake in shares of Mirion Technologies in the 3rd quarter valued at $120,000. Paloma Partners Management Co acquired a new position in shares of Mirion Technologies during the 3rd quarter valued at $122,000. Finally, Landscape Capital Management L.L.C. bought a new position in Mirion Technologies during the third quarter worth $147,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Emmanuelle Lee sold 3,405 shares of Mirion Technologies 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $14.11, for a total value of $105,825.00. Following the transaction, the chief executive officer now owns 1,544,017 shares in the company, valued at approximately $21,786,079.87. This trade represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,405 shares of company stock valued at $285,939. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

MIR has been the subject of several research analyst reports. Citigroup lifted their price target on shares of Mirion Technologies from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. The Goldman Sachs Group boosted their target price on Mirion Technologies from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, B. Riley initiated coverage on Mirion Technologies in a research note on Thursday, September 26th. They set a “buy” rating and a $14.00 price target on the stock.

Mirion Technologies Stock Performance

Shares of MIR stock opened at $16.91 on Monday. The company has a current ratio of 2.16, a quick ratio of 1.55 and a debt-to-equity ratio of 0.43. The firm has a fifty day simple moving average of $14.04 and a two-hundred day simple moving average of $11.76. Mirion Technologies, Inc. has a 12 month low of $8.89 and a 12 month high of $17.03. The firm has a market capitalization of $3.93 billion, a PE ratio of -49.62 and a beta of 0.73.

Mirion Technologies (NYSE:MIR) last posted its 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). Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The business had revenue of $206.80 million for the quarter, compared to the consensus estimate of $203.67 million. During the same period in the previous year, the firm earned $0.03 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. Analysts forecast that Mirion Technologies, Inc. will post 0.36 EPS for the current fiscal year.

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.