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

Maverick Capital Ltd. raised its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 14.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 183,427 shares of the company’s stock after acquiring an additional 23,616 shares during the quarter. Maverick Capital Ltd. owned about 0.08% of Mirion Technologies worth $2,031,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Millennium Management LLC lifted its stake 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 purchasing an additional 446,034 shares during the period. Corsair Capital Management L.P. boosted its holdings in shares of Mirion Technologies by 83.9% during the 3rd quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company’s stock worth $34,991,000 after buying an additional 1,441,846 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in shares of Mirion Technologies during the 2nd quarter worth approximately $1,890,000. Telemark Asset Management LLC acquired a new stake in shares of Mirion Technologies during the 3rd quarter worth approximately $4,428,000. Finally, Rice Hall James & Associates LLC bought a new stake in shares of Mirion Technologies in the 2nd quarter valued at $2,377,000. 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 company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $10.47, for a total value of $78,525.00. Following the completion of the sale, the chief executive officer now owns 1,544,017 shares in the company, valued at $16,165,857.99. This represents a 0.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Emmanuelle Lee sold 3,405 shares of the stock in a transaction dated Thursday, October 31st. The shares were 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. In the last three months, insiders sold 23,405 shares of company stock valued at $285,939. 2.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on MIR. The Goldman Sachs Group raised their price target on shares of Mirion Technologies from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Citigroup raised their target price on Mirion Technologies from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, B. Riley assumed coverage on Mirion Technologies in a report on Thursday, September 26th. They issued a “buy” rating and a $14.00 price target on the stock.

Mirion Technologies Price Performance

Shares of NYSE MIR opened at $16.87 on Friday. 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. The company has a 50-day moving average price of $14.04 and a 200-day moving average price of $11.75.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $206.80 million for the quarter, compared to the consensus estimate of $203.67 million. During the same period in the prior year, the firm posted $0.03 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, sell-side analysts anticipate that Mirion Technologies, Inc. will post 0.36 EPS 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.