250,000 Shares in Miami International Holdings, Inc. $MIAX Purchased by Federated Hermes Inc.

Federated Hermes Inc. purchased a new position in shares of Miami International Holdings, Inc. (NYSE:MIAX) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 250,000 shares of the company’s stock, valued at approximately $10,065,000. Federated Hermes Inc. owned about 0.31% of Miami International as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Emerald Mutual Fund Advisers Trust purchased a new position in Miami International in the 3rd quarter worth about $101,000. Atlas Wealth Partners LLC bought a new position in Miami International in the 3rd quarter worth about $881,000. Allspring Global Investments Holdings LLC bought a new position in Miami International in the 3rd quarter worth about $17,684,000. Finally, Caldwell Investment Management Ltd. bought a new stake in shares of Miami International during the third quarter valued at approximately $27,056,000.

Miami International Price Performance

MIAX opened at $41.81 on Monday. The stock has a market capitalization of $3.40 billion and a price-to-earnings ratio of 2,090.45. The company has a 50-day moving average of $44.09. Miami International Holdings, Inc. has a 1 year low of $28.63 and a 1 year high of $51.38.

Miami International (NYSE:MIAX) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.12. The business’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 earnings per share.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MIAX shares. Morgan Stanley raised their price objective on Miami International from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Piper Sandler raised their price target on Miami International from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Zacks Research downgraded Miami International from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. JPMorgan Chase & Co. increased their target price on shares of Miami International from $32.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $55.00 price target on shares of Miami International in a report on Tuesday, December 9th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $47.20.

Miami International Company Profile

Miami International (NYSE:MIAX) is a U.S. exchange holding company that operates electronic trading venues and provides market infrastructure for listed options and related products. Its primary business activities include operating regulated exchanges, delivering market data feeds, and offering trading technology and connectivity services designed for professional traders, broker-dealers, and market makers. The company focuses on low-latency execution, order matching, and the operational controls required to support high-volume, automated trading strategies in listed derivatives.

Products and services provided by Miami International include fully electronic order matching engines, transmittable market data and feed products, colocation and connectivity solutions, and tools for risk management and regulatory compliance.