Essex Investment Management Co. LLC Sells 47,223 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Essex Investment Management Co. LLC lessened its holdings in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 13.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 304,255 shares of the company's stock after selling 47,223 shares during the period. Mirion Technologies makes up 1.0% of Essex Investment Management Co. LLC's portfolio, making the stock its 23rd biggest position. Essex Investment Management Co. LLC owned about 0.13% of Mirion Technologies worth $5,309,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MIR. State of New Jersey Common Pension Fund D raised its stake in Mirion Technologies by 2.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 179,998 shares of the company's stock worth $1,993,000 after acquiring an additional 4,043 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Mirion Technologies by 4.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 58,260 shares of the company's stock worth $645,000 after purchasing an additional 2,595 shares during the last quarter. Royce & Associates LP increased its position in shares of Mirion Technologies by 0.8% during the 3rd quarter. Royce & Associates LP now owns 484,000 shares of the company's stock worth $5,358,000 after purchasing an additional 4,000 shares in the last quarter. Quest Partners LLC increased 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 purchasing an additional 5,866 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in Mirion Technologies by 548.4% during the 3rd quarter. Jennison Associates LLC now owns 465,553 shares of the company's stock valued at $5,154,000 after purchasing an additional 393,752 shares during the last quarter. Institutional investors own 78.51% of the company's stock.

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Mirion Technologies Price Performance

Shares of MIR traded down $0.22 during mid-day trading on Thursday, hitting $14.13. 984,582 shares of the company traded hands, compared to its average volume of 1,585,720. 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 stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of -74.34 and a beta of 0.74. The business has a 50-day moving average of $15.97 and a 200 day moving average of $14.77. Mirion Technologies, Inc. has a one year low of $9.11 and a one year 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 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Mirion Technologies had a positive return on equity of 4.78% and a negative net margin of 4.21%. As a group, equities analysts expect that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MIR has been the subject of several recent analyst reports. Robert W. Baird began coverage on shares of Mirion Technologies in a report on Thursday, December 19th. They set an "outperform" rating and a $22.00 price objective for the company. The Goldman Sachs Group raised their price target on Mirion Technologies from $16.00 to $21.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Citigroup lifted 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. Finally, Baird R W upgraded Mirion Technologies to a "strong-buy" rating in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Mirion Technologies currently has a consensus rating of "Buy" and an average price target of $19.25.

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.