Jennison Associates LLC Acquires 393,752 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Jennison Associates LLC increased its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 548.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 465,553 shares of the company's stock after acquiring an additional 393,752 shares during the quarter. Jennison Associates LLC owned approximately 0.20% of Mirion Technologies worth $5,154,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Mirion Technologies by 0.8% in the first quarter. Vanguard Group Inc. now owns 21,308,031 shares of the company's stock valued at $242,272,000 after acquiring an additional 159,404 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Mirion Technologies by 19.8% in the first quarter. Lazard Asset Management LLC now owns 22,751 shares of the company's stock valued at $258,000 after acquiring an additional 3,753 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Mirion Technologies by 7.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 111,519 shares of the company's stock valued at $1,268,000 after acquiring an additional 7,264 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of Mirion Technologies in the first quarter valued at approximately $226,000. Finally, Swedbank AB bought a new position in shares of Mirion Technologies in the first quarter valued at approximately $122,546,000. Institutional investors and hedge funds own 78.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MIR. B. Riley assumed coverage on shares of Mirion Technologies in a report on Thursday, September 26th. They issued a "buy" rating and a $14.00 price objective for the company. The Goldman Sachs Group raised their target price 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. Finally, Citigroup raised their target price on shares of Mirion Technologies from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, October 31st.

Mirion Technologies Trading Up 3.1 %

Mirion Technologies stock traded up $0.50 during midday trading on Friday, reaching $16.78. The stock had a trading volume of 1,676,947 shares, compared to its average volume of 2,681,337. The firm's fifty day simple moving average is $13.39 and its two-hundred day simple moving average is $11.52. Mirion Technologies, Inc. has a twelve month low of $8.65 and a twelve month high of $16.78. 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 has a market cap of $3.90 billion, a price-to-earnings ratio of -49.35 and a beta of 0.73.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted 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 firm had revenue of $206.80 million during the quarter, compared to analyst estimates of $203.67 million. During the same period in the prior year, the business posted $0.03 EPS. The company's revenue for the quarter was up 8.2% on a year-over-year basis. Equities analysts anticipate that Mirion Technologies, Inc. will post 0.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other Mirion Technologies news, insider Emmanuelle Lee sold 3,405 shares of the 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $14.11, for a total transaction of $105,825.00. Following the completion of the sale, the chief executive officer now owns 1,544,017 shares of the company's stock, valued at approximately $21,786,079.87. The trade was a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,405 shares of company stock worth $285,939 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Mirion Technologies Company 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.