Polar Asset Management Partners Inc. Makes New $3.05 Million Investment in Mirion Technologies, Inc. (NYSE:MIR)

Polar Asset Management Partners Inc. bought a new position in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in Mirion Technologies by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 23,909,802 shares of the company's stock worth $417,226,000 after acquiring an additional 227,178 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of Mirion Technologies by 1.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 20,388,146 shares of the company's stock valued at $355,774,000 after purchasing an additional 216,258 shares during the period. Janus Henderson Group PLC grew its position in Mirion Technologies by 2.8% during the fourth quarter. Janus Henderson Group PLC now owns 8,330,495 shares of the company's stock worth $145,367,000 after buying an additional 229,718 shares during the period. Dimensional Fund Advisors LP increased its holdings in Mirion Technologies by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,185,694 shares of the company's stock valued at $125,391,000 after buying an additional 171,918 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Mirion Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 4,571,828 shares of the company's stock valued at $79,796,000 after acquiring an additional 69,373 shares during the period. 78.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MIR has been the subject of several research analyst reports. Robert W. Baird dropped their price objective on Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. 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 research note on Wednesday, April 16th. Finally, Citigroup lowered 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 note on Monday, April 14th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $18.75.

Mirion Technologies Price Performance

Shares of NYSE:MIR opened at $17.24 on Friday. 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 one year low of $9.11 and a one year high of $18.81. The business's fifty day moving average price is $14.85 and its two-hundred day moving average price is $15.82. The stock has a market cap of $4.00 billion, a PE ratio of -90.74 and a beta of 0.74.

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

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.

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