Miami International (NYSE:MIAX) EVP Shelly Brown Sells 2,357 Shares

Miami International Holdings, Inc. (NYSE:MIAX) EVP Shelly Brown sold 2,357 shares of Miami International stock in a transaction on Monday, April 6th. The stock was sold at an average price of $41.33, for a total transaction of $97,414.81. Following the sale, the executive vice president directly owned 325,047 shares in the company, valued at $13,434,192.51. This trade represents a 0.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Shelly Brown also recently made the following trade(s):

• On Tuesday, April 7th, Shelly Brown sold 900 shares of Miami International stock. The shares were sold at an average price of $42.00, for a total transaction of $37,800.00.
• On Monday, March 23rd, Shelly Brown sold 25,932 shares of Miami International stock. The shares were sold at an average price of $39.33, for a total transaction of $1,019,905.56.

Miami International Stock Up 2.1%

Shares of Miami International stock traded up $0.88 during trading hours on Wednesday, hitting $42.20. 1,065,474 shares of the company’s stock traded hands, compared to its average volume of 1,353,842. Miami International Holdings, Inc. has a twelve month low of $28.63 and a twelve month high of $51.38. The company has a market cap of $3.87 billion and a PE ratio of 78.15. The stock has a 50 day simple moving average of $40.48 and a 200-day simple moving average of $42.80.

Miami International (NYSE:MIAX) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.41 by $0.11. The business had revenue of $369.43 million during the quarter, compared to analyst estimates of $121.13 million. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year.

Institutional Investors Weigh In On Miami International

Institutional investors have recently made changes to their positions in the company. State of Wyoming bought a new position in Miami International during the fourth quarter worth $26,000. National Bank of Canada FI bought a new stake in Miami International during the third quarter valued at $29,000. Comerica Bank raised its holdings in shares of Miami International by 295.6% during the fourth quarter. Comerica Bank now owns 1,254 shares of the company’s stock worth $56,000 after purchasing an additional 937 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Miami International during the fourth quarter worth $66,000. Finally, SG Americas Securities LLC bought a new position in shares of Miami International in the 4th quarter worth about $105,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MIAX shares. Zacks Research cut Miami International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Weiss Ratings restated a “sell (d+)” rating on shares of Miami International in a research note on Friday, March 27th. Rosenblatt Securities reiterated a “buy” rating and set a $59.00 price objective on shares of Miami International in a research note on Tuesday. Wall Street Zen lowered shares of Miami International from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Miami International in a research report on Wednesday. They issued a “market perform” rating and a $40.00 target price for the company. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Miami International has a consensus rating of “Hold” and an average target price 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.