JPMorgan Chase & Co. Acquires 377,915 Shares of Mirion Technologies, Inc. (NYSE:MIR)

JPMorgan Chase & Co. boosted its stake in Mirion Technologies, Inc. (NYSE:MIR) by 171.7% in the 4th quarter, Holdings Channel reports. The firm owned 598,048 shares of the company’s stock after acquiring an additional 377,915 shares during the quarter. JPMorgan Chase & Co.’s holdings in Mirion Technologies were worth $10,436,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. FMR LLC increased its holdings in Mirion Technologies by 258.4% during the 3rd quarter. FMR LLC now owns 17,957 shares of the company’s stock worth $199,000 after acquiring an additional 12,947 shares during the period. State Street Corp boosted its stake in 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. XTX Topco Ltd purchased a new position in Mirion Technologies during the third quarter worth about $303,000. Barclays PLC raised its holdings in shares of Mirion Technologies by 325.0% in the 3rd quarter. Barclays PLC now owns 307,680 shares of the company’s stock valued at $3,405,000 after acquiring an additional 235,288 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Mirion Technologies by 3.4% during the third quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company’s stock valued at $49,851,000 after purchasing an additional 147,408 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MIR has been the subject of a number of research reports. Citigroup cut their price objective on Mirion Technologies from $20.00 to $17.00 and set a “buy” rating for the company in a report on Monday. Baird R W upgraded Mirion Technologies to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Robert W. Baird lowered their price objective on Mirion Technologies from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, April 4th. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $18.00.

Mirion Technologies Price Performance

Shares of MIR stock opened at $13.73 on Tuesday. The business’s 50 day moving average price is $14.92 and its 200-day moving average price is $15.47. Mirion Technologies, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $18.81. The firm has a market cap of $3.19 billion, a P/E ratio of -72.26 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) 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 positive return on equity of 4.78% and a negative net margin of 4.21%. On average, equities research analysts anticipate 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.