Investors Buy High Volume of Mirion Technologies Call Options (NYSE:MIR)

Mirion Technologies, Inc. (NYSE:MIR) was the target of some unusual options trading on Friday. Stock investors purchased 3,020 call options on the stock. This is an increase of approximately 243% compared to the average daily volume of 880 call options.

Analyst Ratings Changes

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

Insider Activity

In related news, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $11.00, for a total transaction of $82,500.00. Following the sale, the chief executive officer now owns 1,544,017 shares in the company, valued at approximately $16,984,187. This trade represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Emmanuelle Lee sold 3,405 shares of Mirion Technologies stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $14.27, for a total transaction of $48,589.35. The disclosure for this sale can be found here. Insiders sold a total of 30,905 shares of company stock valued at $368,439 in the last quarter. 2.20% of the stock is currently owned by company insiders.

Institutional Trading of Mirion Technologies

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of 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 in the last quarter. Swedbank AB acquired a new stake in shares of Mirion Technologies in the 1st quarter worth $122,546,000. Dimensional Fund Advisors LP raised its holdings in shares of Mirion Technologies by 20.3% during the 2nd 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 period. State Street Corp boosted its position in shares of Mirion Technologies by 2.7% during the 3rd quarter. State Street Corp now owns 5,365,728 shares of the company’s stock valued at $59,399,000 after acquiring an additional 138,648 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Mirion Technologies by 61.9% in the second quarter. American Century Companies Inc. now owns 3,942,571 shares of the company’s stock valued at $42,343,000 after purchasing an additional 1,507,101 shares during the period. Institutional investors and hedge funds own 78.51% of the company’s stock.

Mirion Technologies Stock Performance

NYSE MIR opened at $15.18 on Friday. 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 has a 1-year low of $8.43 and a 1-year high of $15.98. The company has a market cap of $3.53 billion, a PE ratio of -44.65 and a beta of 0.73. The stock’s 50 day simple moving average is $12.63 and its 200-day simple moving average is $11.29.

Mirion Technologies (NYSE:MIR) last released its 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 business had revenue of $206.80 million for the quarter, compared to analysts’ expectations of $203.67 million. Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. Mirion Technologies’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 EPS. As a group, equities research analysts anticipate that Mirion Technologies will post 0.36 EPS for the current fiscal year.

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.