Allspring Global Investments Holdings LLC boosted its stake in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 1,532.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 520,692 shares of the company's stock after purchasing an additional 488,790 shares during the period. Allspring Global Investments Holdings LLC owned about 0.22% of Mirion Technologies worth $8,810,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Corsair Capital Management L.P. lifted 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 valued at $34,991,000 after purchasing an additional 1,441,846 shares during the period. Charles Schwab Investment Management Inc. lifted its position in 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 valued at $17,265,000 after purchasing an additional 38,474 shares during the period. Geode Capital Management LLC raised its position in Mirion Technologies by 3.4% in the third quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company's stock worth $49,851,000 after acquiring an additional 147,408 shares during the period. Telemark Asset Management LLC bought a new position in Mirion Technologies in the third quarter worth approximately $4,428,000. Finally, Intech Investment Management LLC bought a new position in Mirion Technologies in the third quarter worth approximately $583,000. Institutional investors own 78.51% of the company's stock.
Mirion Technologies Price Performance
Shares of NYSE MIR traded down $0.82 during midday trading on Friday, reaching $15.84. The stock had a trading volume of 2,215,665 shares, compared to its average volume of 2,292,230. The stock has a 50-day moving average of $16.81 and a 200-day moving average of $14.31. 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 $3.68 billion, a price-to-earnings ratio of -83.34 and a beta of 0.73. Mirion Technologies, Inc. has a 12-month low of $9.11 and a 12-month high of $18.81.
Mirion Technologies (NYSE:MIR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Mirion Technologies had a negative net margin of 4.21% and a positive return on equity of 4.78%. As a group, research analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have weighed in on MIR shares. Robert W. Baird started coverage on shares of Mirion Technologies in a research report on Thursday, December 19th. They issued an "outperform" rating and a $22.00 price target on the stock. Citigroup increased their price target on shares of Mirion Technologies from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. 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 report on Thursday, December 12th. Finally, Baird R W upgraded shares of Mirion Technologies to a "strong-buy" rating in a research report on Thursday, December 19th. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $19.25.
Read Our Latest Research Report on MIR
Mirion Technologies Company Profile
(
Free Report)
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.
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