Polar Asset Management Partners Inc. Takes Position in Mirion Technologies, Inc. (NYSE:MIR)

Polar Asset Management Partners Inc. purchased a new stake in Mirion Technologies, Inc. (NYSE:MIR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 174,919 shares of the company's stock, valued at approximately $3,052,000. Polar Asset Management Partners Inc. owned approximately 0.08% of Mirion Technologies as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC lifted its holdings in Mirion Technologies by 325.0% in the third quarter. Barclays PLC now owns 307,680 shares of the company's stock valued at $3,405,000 after buying an additional 235,288 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Mirion Technologies by 291.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 88,830 shares of the company's stock worth $1,550,000 after purchasing an additional 66,132 shares in the last quarter. KBC Group NV increased its position in shares of Mirion Technologies by 39.2% during the fourth quarter. KBC Group NV now owns 8,002 shares of the company's stock valued at $140,000 after buying an additional 2,254 shares during the period. Jennison Associates LLC increased its stake in Mirion Technologies by 10.5% in the 4th quarter. Jennison Associates LLC now owns 514,314 shares of the company's stock worth $8,975,000 after acquiring an additional 48,761 shares during the last quarter. Finally, Longboard Asset Management LP purchased a new stake in Mirion Technologies during the fourth quarter valued at about $202,000. Institutional investors own 78.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. 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. Citigroup dropped their price target on shares of Mirion Technologies from $20.00 to $17.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, B. Riley cut their price target on Mirion Technologies from $19.00 to $17.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $18.75.

Mirion Technologies Stock Performance

Shares of MIR stock traded down $0.11 during trading hours on Friday, hitting $19.14. The stock had a trading volume of 3,143,763 shares, compared to its average volume of 1,876,185. The stock's 50 day moving average is $15.65 and its 200 day moving average is $16.09. Mirion Technologies, Inc. has a twelve month low of $9.11 and a twelve month high of $19.70. The firm has a market capitalization of $4.44 billion, a PE ratio of -100.74 and a beta of 0.74. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. The company had revenue of $202.00 million for the quarter, compared to analysts' expectations of $199.34 million. Mirion Technologies had a negative net margin of 4.21% and a positive return on equity of 4.78%. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. As a group, research analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity at Mirion Technologies

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 500,000 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $17.94, for a total value of $8,970,000.00. Following the sale, the director now directly owns 61,287 shares in the company, valued at approximately $1,099,488.78. This trade represents a 89.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.30% of the stock is owned by insiders.

Mirion Technologies 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.