Jennison Associates LLC Increases Stake in Mirion Technologies, Inc. (NYSE:MIR)

Jennison Associates LLC boosted its stake in shares of Mirion Technologies, Inc. (NYSE:MIR) by 10.5% during the 4th quarter, Holdings Channel reports. The firm owned 514,314 shares of the company’s stock after acquiring an additional 48,761 shares during the quarter. Jennison Associates LLC’s holdings in Mirion Technologies were worth $8,975,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Quest Partners LLC lifted its stake in shares of Mirion Technologies by 680.5% during the third quarter. Quest Partners LLC now owns 6,728 shares of the company’s stock worth $74,000 after buying an additional 5,866 shares during the period. KBC Group NV lifted its position in Mirion Technologies by 39.2% during the 4th quarter. KBC Group NV now owns 8,002 shares of the company’s stock worth $140,000 after acquiring an additional 2,254 shares during the period. SkyView Investment Advisors LLC purchased a new stake in Mirion Technologies during the 3rd quarter valued at about $111,000. Integrated Advisors Network LLC acquired a new position in shares of Mirion Technologies in the third quarter valued at about $120,000. Finally, Paloma Partners Management Co purchased a new position in shares of Mirion Technologies in the third quarter worth about $122,000. Institutional investors and hedge funds own 78.51% of the company’s stock.

Analyst Ratings Changes

MIR has been the topic of a number of recent research reports. Baird R W upgraded Mirion Technologies to a “strong-buy” rating in a research report on Thursday, December 19th. The Goldman Sachs Group upped their price objective on shares of Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Citigroup raised their target price on shares of Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Robert W. Baird assumed coverage on shares of Mirion Technologies in a report on Thursday, December 19th. They issued an “outperform” rating and a $22.00 price target on the stock. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $19.25.

Mirion Technologies Price Performance

Shares of NYSE MIR opened at $16.07 on Thursday. 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 stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of -47.25 and a beta of 0.73. The firm’s 50 day simple moving average is $17.03 and its 200-day simple moving average is $13.88. Mirion Technologies, Inc. has a 12 month low of $9.11 and a 12 month high of $18.81.

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.