Investors Purchase High Volume of Mirion Technologies Put Options (NYSE:MIR)

Mirion Technologies, Inc. (NYSE:MIR) saw some unusual options trading on Friday. Stock traders acquired 3,616 put options on the stock. This is an increase of approximately 51% compared to the typical daily volume of 2,388 put options.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MIR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mirion Technologies in a research report on Wednesday, October 8th. Evercore ISI assumed coverage on shares of Mirion Technologies in a research note on Tuesday, November 25th. They set an “outperform” rating and a $29.00 target price for the company. JPMorgan Chase & Co. upped their price target on shares of Mirion Technologies from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Robert W. Baird increased their price objective on Mirion Technologies from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Finally, Citigroup reduced their price objective on Mirion Technologies from $35.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $28.29.

Insiders Place Their Bets

In other news, Director Lawrence D. Kingsley sold 350,000 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total value of $8,655,500.00. Following the transaction, the director owned 3,509,075 shares in the company, valued at $86,779,424.75. This represents a 9.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in Mirion Technologies by 258.2% in the first quarter. Royal Bank of Canada now owns 98,828 shares of the company’s stock valued at $1,433,000 after purchasing an additional 71,241 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Mirion Technologies by 124.3% during the 1st quarter. AQR Capital Management LLC now owns 199,211 shares of the company’s stock worth $2,889,000 after buying an additional 110,399 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Mirion Technologies by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 122,962 shares of the company’s stock valued at $1,783,000 after acquiring an additional 5,366 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Mirion Technologies by 8.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 434,583 shares of the company’s stock valued at $6,301,000 after acquiring an additional 34,973 shares during the last quarter. Finally, Intech Investment Management LLC raised its position in shares of Mirion Technologies by 38.0% in the 1st quarter. Intech Investment Management LLC now owns 127,952 shares of the company’s stock valued at $1,855,000 after acquiring an additional 35,218 shares during the period. 78.51% of the stock is currently owned by institutional investors.

Mirion Technologies Stock Up 7.2%

Mirion Technologies stock opened at $26.02 on Friday. The company has a market capitalization of $6.60 billion, a P/E ratio of 236.53 and a beta of 0.95. The company has a current ratio of 4.83, a quick ratio of 4.32 and a debt-to-equity ratio of 0.63. Mirion Technologies has a 1-year low of $12.00 and a 1-year high of $30.28. The firm’s fifty day simple moving average is $25.02 and its 200-day simple moving average is $23.28.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Mirion Technologies had a net margin of 2.93% and a return on equity of 7.09%. The business had revenue of $223.10 million during the quarter, compared to the consensus estimate of $222.17 million. During the same period in the previous year, the firm posted $0.08 earnings per share. Mirion Technologies’s revenue for the quarter was up 7.9% compared to the same quarter last year. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Sell-side analysts forecast that Mirion Technologies will post 0.39 earnings per share for the current fiscal year.

Mirion Technologies Company Profile

Mirion Technologies Inc (NYSE: MIR) is a leading global provider of radiation detection, measurement and monitoring solutions. The company’s portfolio includes instrumentation, software and service offerings designed to detect, quantify and manage radiation in nuclear power, oil and gas, defense and homeland security, medical imaging and diagnostic applications. Mirion’s product suite spans personal and environmental dosimetry, area monitors, digital imaging detectors and turnkey solutions for decommissioning and environmental remediation projects.

Mirion traces its origins to the combination of several established radiation measurement businesses, including the former Canberra nuclear instrumentation division, and has been supported by private equity investors before completing its initial public offering on the New York Stock Exchange in 2023.