202,733 Shares of Miami International Holdings, Inc. $MIAX Purchased by Lido Advisors LLC

Lido Advisors LLC bought a new stake in shares of Miami International Holdings, Inc. (NYSE:MIAX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 202,733 shares of the company’s stock, valued at approximately $6,792,000. Lido Advisors LLC owned 0.20% of Miami International at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MIAX. Northwestern Mutual Wealth Management Co. purchased a new stake in Miami International during the 2nd quarter valued at approximately $5,618,000. HighTower Advisors LLC raised its position in shares of Miami International by 290.6% during the second quarter. HighTower Advisors LLC now owns 112,298 shares of the company’s stock valued at $4,173,000 after buying an additional 83,547 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of Miami International during the second quarter valued at approximately $8,313,249. Arrowstreet Capital Limited Partnership purchased a new position in shares of Miami International in the first quarter worth $5,834,000. Finally, J Digital 6 LLC purchased a new position in shares of Miami International in the second quarter worth $67,157,000.

Analyst Ratings Changes

MIAX has been the subject of a number of research reports. Rosenblatt Securities dropped their target price on shares of Miami International from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, October 27th. Morgan Stanley reduced their price target on shares of Miami International from $50.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, October 9th. Zacks Research cut shares of Miami International from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 26th. Wall Street Zen downgraded shares of Miami International from a “buy” rating to a “hold” rating in a report on Sunday, August 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on Miami International from $46.00 to $48.00 and gave the company a “market perform” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $49.00.

Insider Buying and Selling at Miami International

In other news, EVP Barbara J. Comly sold 56,022 shares of the business’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $35.07, for a total value of $1,964,691.54. Following the sale, the executive vice president directly owned 839,564 shares in the company, valued at $29,443,509.48. The trade was a 6.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Thomas P. Gallagher sold 149,700 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $41.13, for a total transaction of $6,157,161.00. Following the sale, the chief executive officer owned 1,423,275 shares in the company, valued at $58,539,300.75. This represents a 9.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 517,574 shares of company stock worth $20,002,691 over the last three months. 15.60% of the stock is owned by company insiders.

Miami International Stock Performance

NYSE MIAX opened at $36.11 on Friday. The company has a market capitalization of $3.61 billion, a P/E ratio of 13.37 and a beta of 1.73. Miami International Holdings, Inc. has a one year low of $29.06 and a one year high of $57.14. The stock has a 50 day moving average price of $35.07 and a 200-day moving average price of $40.96.

Miami International (NYSE:MIAX) last posted its earnings results on Thursday, October 29th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. Miami International had a net margin of 19.75% and a return on equity of 19.06%. The firm had revenue of $376.18 million during the quarter. During the same period last year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was up 243.6% compared to the same quarter last year. As a group, equities analysts predict that Miami International Holdings, Inc. will post 1.76 EPS for the current fiscal year.

Miami International Company Profile

Miami International Holdings, Inc. (MIAX) operates financial exchanges and provides trading technology and related services. Its U.S. platforms include options exchanges and an equities exchange, serving market participants such as broker-dealers, institutional investors and trading firms. The company also operates MIAX Futures, which offers futures and options contracts, and owns the Bermuda Stock Exchange. Its businesses serve U.S. markets as well as participants in Bermuda and other international markets.