Essex Investment Management Co. LLC Has $5.31 Million Stock Position in Mirion Technologies, Inc. (NYSE:MIR)

Essex Investment Management Co. LLC cut its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR) by 13.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 304,255 shares of the company’s stock after selling 47,223 shares during the quarter. Mirion Technologies makes up 1.0% of Essex Investment Management Co. LLC’s portfolio, making the stock its 23rd biggest position. Essex Investment Management Co. LLC’s holdings in Mirion Technologies were worth $5,309,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in MIR. State of New Jersey Common Pension Fund D lifted its position in Mirion Technologies by 2.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 179,998 shares of the company’s stock valued at $1,993,000 after purchasing an additional 4,043 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of Mirion Technologies by 4.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 58,260 shares of the company’s stock valued at $645,000 after acquiring an additional 2,595 shares during the period. Royce & Associates LP raised its position in shares of Mirion Technologies by 0.8% in the 3rd quarter. Royce & Associates LP now owns 484,000 shares of the company’s stock valued at $5,358,000 after acquiring an additional 4,000 shares during the period. Quest Partners LLC raised its position in shares of Mirion Technologies by 680.5% in the 3rd quarter. Quest Partners LLC now owns 6,728 shares of the company’s stock valued at $74,000 after acquiring an additional 5,866 shares during the period. Finally, Jennison Associates LLC raised its position in shares of Mirion Technologies by 548.4% in the 3rd quarter. Jennison Associates LLC now owns 465,553 shares of the company’s stock valued at $5,154,000 after acquiring an additional 393,752 shares during the period. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MIR has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price target on shares of Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Robert W. Baird initiated coverage on shares of Mirion Technologies in a research report on Thursday, December 19th. They issued an “outperform” rating and a $22.00 price target on the stock. Baird R W upgraded shares of Mirion Technologies to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Citigroup increased their price target 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 equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $19.25.

Mirion Technologies Price Performance

Shares of MIR opened at $14.15 on Friday. The stock has a market capitalization of $3.29 billion, a P/E ratio of -74.49 and a beta of 0.74. Mirion Technologies, Inc. has a twelve month low of $9.11 and a twelve month high of $18.81. The company has a 50 day moving average of $16.18 and a 200-day moving average of $14.70. 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 issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate 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%. As a group, equities research analysts forecast that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

About Mirion Technologies

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.