Wells Fargo & Company MN Increases Stock Position in Mirion Technologies, Inc. (NYSE:MIR)

Wells Fargo & Company MN grew its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 30.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,798 shares of the company's stock after buying an additional 69,030 shares during the quarter. Wells Fargo & Company MN owned 0.13% of Mirion Technologies worth $5,144,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MIR. Arrowstreet Capital Limited Partnership boosted its stake in shares of Mirion Technologies by 29,948.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,214,921 shares of the company's stock worth $73,550,000 after buying an additional 4,200,894 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of Mirion Technologies in the 4th quarter worth about $53,066,000. Artemis Investment Management LLP bought a new position in Mirion Technologies during the fourth quarter valued at about $38,155,000. Bornite Capital Management LP bought a new stake in Mirion Technologies in the fourth quarter worth about $36,942,000. Finally, Raymond James Financial Inc. purchased a new position in Mirion Technologies in the fourth quarter valued at about $17,164,000. 78.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MIR has been the topic of a number of research reports. Citigroup lowered their price target on shares of Mirion Technologies from $20.00 to $17.00 and set a "buy" rating on the stock in a report on Monday, April 14th. B. Riley dropped their price target on Mirion Technologies from $19.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Finally, Robert W. Baird dropped their price objective on shares of Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $18.75.

Mirion Technologies Price Performance

NYSE MIR traded up $0.06 during trading hours on Friday, hitting $14.99. The company had a trading volume of 189,577 shares, compared to its average volume of 1,667,245. The firm has a 50 day simple moving average of $14.55 and a 200 day simple moving average of $15.57. Mirion Technologies, Inc. has a 52 week low of $9.11 and a 52 week high of $18.81. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of -78.82 and a beta of 0.75. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.16 earnings per share 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%. Equities research analysts expect that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

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.