Mirion Technologies, Inc. (NYSE:MIR) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its stake in Mirion Technologies, Inc. (NYSE:MIR) by 37.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,133 shares of the company’s stock after selling 129,586 shares during the period. JPMorgan Chase & Co. owned about 0.09% of Mirion Technologies worth $2,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in MIR. Dimensional Fund Advisors LP lifted its stake in Mirion Technologies by 20.3% in the second quarter. Dimensional Fund Advisors LP now owns 6,111,933 shares of the company’s stock worth $65,642,000 after acquiring an additional 1,031,966 shares during the last quarter. State Street Corp raised its holdings in shares of Mirion Technologies by 2.7% in the 3rd quarter. State Street Corp now owns 5,365,728 shares of the company’s stock valued at $59,399,000 after purchasing an additional 138,648 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Mirion Technologies by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company’s stock worth $49,851,000 after purchasing an additional 147,408 shares during the last quarter. Corsair Capital Management L.P. grew its stake in shares of Mirion Technologies by 83.9% during the third quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company’s stock worth $34,991,000 after purchasing an additional 1,441,846 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC increased its holdings in Mirion Technologies by 8.7% in the third quarter. ArrowMark Colorado Holdings LLC now owns 3,000,060 shares of the company’s stock valued at $33,211,000 after buying an additional 241,334 shares during the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Price Performance

Shares of MIR opened at $16.53 on Tuesday. 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, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $18.81. The firm has a 50-day simple moving average of $16.93 and a 200-day simple moving average of $13.46. The company has a market capitalization of $3.84 billion, a price-to-earnings 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. 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 previous year, the business posted $0.03 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts anticipate that Mirion Technologies, Inc. will post 0.33 earnings per share for the current year.

Insider Buying and Selling at Mirion Technologies

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

Analyst Ratings Changes

MIR has been the subject of several recent analyst reports. Baird R W upgraded Mirion Technologies to a “strong-buy” rating in a research note on Thursday, December 19th. 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 target price for the company. B. Riley initiated coverage on shares of Mirion Technologies in a research note on Thursday, September 26th. They set a “buy” rating and a $14.00 price target on the stock. Citigroup upped their price objective on shares of Mirion Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group lifted their target price on Mirion Technologies from $16.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $19.25.

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.