JPMorgan Chase & Co. Reduces Stake in Mirion Technologies, Inc. (NYSE:MIR)

JPMorgan Chase & Co. trimmed its position in shares of Mirion Technologies, Inc. (NYSE:MIR) by 37.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 220,133 shares of the company’s stock after selling 129,586 shares during the quarter. JPMorgan Chase & Co.’s holdings in Mirion Technologies were worth $2,437,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MIR. Dimensional Fund Advisors LP boosted its position in shares of Mirion Technologies by 20.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,111,933 shares of the company’s stock worth $65,642,000 after buying an additional 1,031,966 shares in the last quarter. State Street Corp raised its position in Mirion Technologies by 2.7% during the third quarter. State Street Corp now owns 5,365,728 shares of the company’s stock worth $59,399,000 after acquiring an additional 138,648 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Mirion Technologies by 3.4% in 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 in the last quarter. Corsair Capital Management L.P. grew its position in shares of Mirion Technologies by 83.9% in the third quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company’s stock valued at $34,991,000 after purchasing an additional 1,441,846 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC increased its stake in shares of Mirion Technologies by 8.7% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,000,060 shares of the company’s stock worth $33,211,000 after purchasing an additional 241,334 shares in the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

Mirion Technologies Stock Performance

NYSE MIR opened at $16.53 on Tuesday. The business’s 50-day moving average price is $16.93 and its 200 day moving average price is $13.46. The company has a current ratio of 2.16, a quick ratio of 1.55 and a debt-to-equity ratio of 0.43. Mirion Technologies, Inc. has a twelve month low of $9.11 and a twelve month high of $18.81. The company has a market capitalization of $3.84 billion, a PE ratio of -48.63 and a beta of 0.75.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. The company had revenue of $206.80 million for the quarter, compared to analyst estimates of $203.67 million. During the same period in the prior year, the company earned $0.03 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. On average, research analysts predict that Mirion Technologies, Inc. will post 0.33 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $14.11, for a total transaction of $105,825.00. Following the completion of the sale, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at approximately $21,786,079.87. This represents a 0.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Emmanuelle Lee sold 3,405 shares of Mirion Technologies stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $14.27, for a total transaction of $48,589.35. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MIR has been the topic of a number of analyst reports. Robert W. Baird began coverage on Mirion Technologies in a report on Thursday, December 19th. They set an “outperform” rating and a $22.00 target price on the stock. B. Riley began coverage on Mirion Technologies in a research note on Thursday, September 26th. They set a “buy” rating and a $14.00 price objective on the stock. The Goldman Sachs Group boosted their target price on shares of Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Baird R W raised shares of Mirion Technologies to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Citigroup boosted their price objective on shares of Mirion Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mirion Technologies has an average rating of “Buy” and an average price target of $19.25.

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.