Jennison Associates LLC Boosts Holdings in Mirion Technologies, Inc. (NYSE:MIR)

Jennison Associates LLC raised its stake in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 10.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 514,314 shares of the company's stock after purchasing an additional 48,761 shares during the quarter. Jennison Associates LLC owned approximately 0.22% of Mirion Technologies worth $8,975,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MIR. State Street Corp increased its position in shares of Mirion Technologies by 2.7% during the third quarter. State Street Corp now owns 5,365,728 shares of the company's stock valued at $59,399,000 after buying an additional 138,648 shares during the period. Geode Capital Management LLC boosted its position in Mirion Technologies by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company's stock valued at $49,851,000 after acquiring an additional 147,408 shares in the last quarter. Corsair Capital Management L.P. grew 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 acquiring an additional 1,441,846 shares during the period. ArrowMark Colorado Holdings LLC raised its position in shares of Mirion Technologies by 8.7% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,000,060 shares of the company's stock worth $33,211,000 after acquiring an additional 241,334 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new position in shares of Mirion Technologies in the 4th quarter valued at approximately $38,155,000. 78.51% of the stock is currently owned by institutional investors.

Mirion Technologies Price Performance

NYSE:MIR traded up $0.23 during mid-day trading on Friday, reaching $16.51. The company's stock had a trading volume of 1,855,868 shares, compared to its average volume of 2,027,972. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55. The firm's fifty day moving average price is $17.02 and its two-hundred day moving average price is $13.95. Mirion Technologies, Inc. has a 12-month low of $9.11 and a 12-month high of $18.81.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Baird R W upgraded shares of Mirion Technologies to a "strong-buy" rating in a research note on Thursday, December 19th. Citigroup lifted their target price on shares of Mirion Technologies from $18.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Robert W. Baird assumed coverage on Mirion Technologies in a research note on Thursday, December 19th. They issued an "outperform" rating and a $22.00 price target on the stock. Finally, The Goldman Sachs Group lifted their price target on Mirion Technologies from $16.00 to $21.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently 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.