Stock Traders Purchase Large Volume of Mirion Technologies Call Options (NYSE:MIR)

Mirion Technologies, Inc. (NYSE:MIR) saw unusually large options trading on Friday. Stock investors bought 3,020 call options on the company. This is an increase of approximately 243% compared to the average daily volume of 880 call options.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup boosted their price objective on Mirion Technologies from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their target price on shares of Mirion Technologies from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, B. Riley started coverage on Mirion Technologies in a report on Thursday, September 26th. They issued a “buy” rating and a $14.00 price objective on the stock.

Mirion Technologies Trading Down 1.6 %

Shares of NYSE:MIR traded down $0.25 during midday trading on Friday, hitting $15.11. The company’s stock had a trading volume of 748,993 shares, compared to its average volume of 1,340,687. Mirion Technologies has a 12-month low of $8.43 and a 12-month high of $15.98. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. The business’s 50 day simple moving average is $12.52 and its 200 day simple moving average is $11.26.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $206.80 million during the quarter, compared to analysts’ expectations of $203.67 million. Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. Mirion Technologies’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned $0.03 earnings per share. Sell-side analysts forecast that Mirion Technologies will post 0.36 EPS for the current year.

Insiders Place Their Bets

In related news, insider Emmanuelle Lee sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $10.60, for a total transaction of $53,000.00. Following the completion of the transaction, the insider now owns 138,193 shares of the company’s stock, valued at $1,464,845.80. This trade represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of the business’s stock in a transaction dated 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 transaction, 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. In the last 90 days, insiders sold 30,905 shares of company stock valued at $368,439. 2.20% of the stock is owned by company insiders.

Institutional Trading of Mirion Technologies

Several hedge funds have recently made changes to their positions in MIR. ProShare Advisors LLC raised its position in shares of Mirion Technologies by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 36,017 shares of the company’s stock valued at $410,000 after buying an additional 2,833 shares during the period. Vanguard Group Inc. raised its position in Mirion Technologies by 0.8% in the first quarter. Vanguard Group Inc. now owns 21,308,031 shares of the company’s stock valued at $242,272,000 after purchasing an additional 159,404 shares during the period. Carlson Capital L P lifted its stake in shares of Mirion Technologies by 14.7% in the 1st quarter. Carlson Capital L P now owns 618,478 shares of the company’s stock valued at $7,032,000 after purchasing an additional 79,414 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Mirion Technologies by 19.8% during the 1st quarter. Lazard Asset Management LLC now owns 22,751 shares of the company’s stock worth $258,000 after purchasing an additional 3,753 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Mirion Technologies by 7.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 111,519 shares of the company’s stock valued at $1,268,000 after buying an additional 7,264 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

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.