Maverick Capital Ltd. Purchases 23,616 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Maverick Capital Ltd. raised its position in Mirion Technologies, Inc. (NYSE:MIR) by 14.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 183,427 shares of the company’s stock after acquiring an additional 23,616 shares during the period. Maverick Capital Ltd.’s holdings in Mirion Technologies were worth $2,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC increased its holdings in Mirion Technologies by 509.8% in the 2nd quarter. Millennium Management LLC now owns 533,534 shares of the company’s stock worth $5,730,000 after acquiring an additional 446,034 shares during the last quarter. Corsair Capital Management L.P. boosted its position in 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 period. State of New Jersey Common Pension Fund D purchased a new position in shares of Mirion Technologies in the second quarter worth about $1,890,000. Telemark Asset Management LLC bought a new stake in shares of Mirion Technologies in the third quarter valued at approximately $4,428,000. Finally, Rice Hall James & Associates LLC bought a new stake in shares of Mirion Technologies in the second quarter valued at approximately $2,377,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Insider Buying and Selling at Mirion Technologies

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 shares were sold at an average price of $14.27, for a total value of $48,589.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $10.47, for a total transaction of $78,525.00. Following the completion of the transaction, the chief executive officer now directly owns 1,544,017 shares in the company, valued at $16,165,857.99. The trade was a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,405 shares of company stock valued at $285,939 in the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

MIR has been the subject of a number of recent research reports. Citigroup lifted their price objective 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. B. Riley began coverage on Mirion Technologies in a research report on Thursday, September 26th. They issued a “buy” rating and a $14.00 price target for the company. Finally, The Goldman Sachs Group boosted 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.

Mirion Technologies Price Performance

NYSE MIR opened at $16.87 on Friday. The company’s 50 day simple moving average is $14.04 and its two-hundred day simple moving average is $11.75. The company has a current ratio of 2.16, a quick ratio of 1.55 and a debt-to-equity ratio of 0.43. Mirion Technologies, Inc. has a 1 year low of $8.73 and a 1 year high of $17.03.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business had revenue of $206.80 million during the quarter, compared to analysts’ expectations of $203.67 million. Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. On average, research analysts anticipate that Mirion Technologies, Inc. will post 0.36 earnings per share for the current 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.