Allspring Global Investments Holdings LLC Has $8.81 Million Stake in Mirion Technologies, Inc. (NYSE:MIR)

Allspring Global Investments Holdings LLC lifted its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 1,532.2% during the fourth quarter, HoldingsChannel reports. The firm owned 520,692 shares of the company’s stock after acquiring an additional 488,790 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Mirion Technologies were worth $8,810,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MIR. Longboard Asset Management LP acquired a new stake in shares of Mirion Technologies during the 4th quarter worth $202,000. Jennison Associates LLC lifted its position in Mirion Technologies by 10.5% in the 4th quarter. Jennison Associates LLC now owns 514,314 shares of the company’s stock valued at $8,975,000 after acquiring an additional 48,761 shares in the last quarter. KBC Group NV raised its position in Mirion Technologies by 39.2% in the 4th quarter. KBC Group NV now owns 8,002 shares of the company’s stock valued at $140,000 after buying an additional 2,254 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Mirion Technologies by 291.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 88,830 shares of the company’s stock worth $1,550,000 after purchasing an additional 66,132 shares during the period. Finally, Simon Quick Advisors LLC increased its holdings in Mirion Technologies by 49.6% in the 4th quarter. Simon Quick Advisors LLC now owns 24,054 shares of the company’s stock worth $420,000 after acquiring an additional 7,978 shares during the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

Mirion Technologies Stock Up 0.4 %

Shares of NYSE MIR opened at $16.37 on Wednesday. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of -48.13 and a beta of 0.73. Mirion Technologies, Inc. has a 52-week low of $9.11 and a 52-week high of $18.81. The company’s 50-day simple moving average is $16.88 and its 200-day simple moving average is $14.23. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. Equities analysts predict that Mirion Technologies, Inc. will post 0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Robert W. Baird assumed coverage on shares of Mirion Technologies in a research report on Thursday, December 19th. They issued an “outperform” rating and a $22.00 price objective for the company. The Goldman Sachs Group boosted their price objective on shares of Mirion Technologies from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Baird R W raised Mirion Technologies to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Citigroup raised their price objective on Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. 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.