174,919 Shares in Mirion Technologies, Inc. (NYSE:MIR) Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. acquired a new stake in Mirion Technologies, Inc. (NYSE:MIR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 174,919 shares of the company’s stock, valued at approximately $3,052,000. Polar Asset Management Partners Inc. owned 0.08% of Mirion Technologies at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. US Bancorp DE increased its position in shares of Mirion Technologies by 3,248.7% in the fourth quarter. US Bancorp DE now owns 6,262 shares of the company’s stock valued at $109,000 after acquiring an additional 6,075 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Mirion Technologies by 162.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company’s stock valued at $116,000 after acquiring an additional 4,120 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of Mirion Technologies in the fourth quarter valued at about $120,000. KBC Group NV increased its position in shares of Mirion Technologies by 39.2% in the fourth quarter. KBC Group NV now owns 8,002 shares of the company’s stock valued at $140,000 after acquiring an additional 2,254 shares during the period. Finally, Corient Private Wealth LLC purchased a new position in shares of Mirion Technologies in the fourth quarter valued at about $187,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Insider Buying and Selling

In related news, Director Lawrence D. Kingsley sold 500,000 shares of the business’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $17.94, for a total transaction of $8,970,000.00. Following the sale, the director now owns 61,287 shares of the company’s stock, valued at $1,099,488.78. The trade was a 89.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 6.30% of the stock is currently owned by insiders.

Mirion Technologies Trading Up 6.2%

Shares of MIR opened at $18.90 on Monday. The firm’s 50-day moving average price is $15.26 and its 200-day moving average price is $15.95. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of -99.49 and a beta of 0.74. 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 1-year low of $9.11 and a 1-year high of $19.32.

Mirion Technologies (NYSE:MIR) last announced its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $202.00 million for the quarter, compared to analyst estimates of $199.34 million. Mirion Technologies had a negative net margin of 4.21% and a positive return on equity of 4.78%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 EPS. Sell-side analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Citigroup decreased their price objective on shares of Mirion Technologies from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. B. Riley decreased their price objective on shares of Mirion Technologies from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Finally, Robert W. Baird cut their target price on shares of Mirion Technologies from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, April 4th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $18.75.

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.