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

Jennison Associates LLC boosted its stake in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 81.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 931,867 shares of the company's stock after purchasing an additional 417,553 shares during the period. Jennison Associates LLC owned about 0.40% of Mirion Technologies worth $13,512,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MIR. CWM LLC raised its stake in Mirion Technologies by 1,026.3% during the 1st quarter. CWM LLC now owns 6,431 shares of the company's stock valued at $93,000 after buying an additional 5,860 shares during the last quarter. GAMMA Investing LLC increased its position in Mirion Technologies by 2,310.3% during the first quarter. GAMMA Investing LLC now owns 7,279 shares of the company's stock valued at $106,000 after acquiring an additional 6,977 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Mirion Technologies by 162.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company's stock valued at $116,000 after acquiring an additional 4,120 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Mirion Technologies in the fourth quarter worth about $120,000. Finally, KBC Group NV grew its stake in shares of Mirion Technologies by 31.0% during the 1st quarter. KBC Group NV now owns 10,485 shares of the company's stock valued at $152,000 after purchasing an additional 2,483 shares during the period. Hedge funds and other institutional investors own 78.51% of the company's stock.

Analyst Upgrades and Downgrades

MIR has been the topic of several recent research reports. Citigroup increased their price objective on shares of Mirion Technologies from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Robert W. Baird boosted their price objective on shares of Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Finally, B. Riley reaffirmed a "buy" rating and issued a $22.00 target price (up from $17.00) on shares of Mirion Technologies in a report on Wednesday. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $22.25.

Insider Buying and Selling

In other news, Director Lawrence D. Kingsley sold 500,000 shares of Mirion Technologies stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $17.94, for a total transaction of $8,970,000.00. Following the sale, the director owned 61,287 shares in the company, valued at $1,099,488.78. This trade represents a 89.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 6.30% of the company's stock.

Mirion Technologies Price Performance

Shares of NYSE MIR traded up $0.01 during midday trading on Thursday, reaching $21.75. The stock had a trading volume of 1,134,790 shares, compared to its average volume of 2,974,556. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.69 and a current ratio of 2.23. Mirion Technologies, Inc. has a 12-month low of $9.11 and a 12-month high of $22.22. The stock has a 50-day moving average of $20.11 and a 200-day moving average of $17.01. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of -362.42 and a beta of 0.83.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.02. The business had revenue of $202.00 million for the quarter, compared to analysts' expectations of $199.34 million. Mirion Technologies had a positive return on equity of 6.07% and a negative net margin of 1.16%. The business's quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. As a group, research analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal 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.