Bullseye Asset Management LLC Invests $1.19 Million in Miami International Holdings, Inc. $MIAX

Bullseye Asset Management LLC bought a new position in shares of Miami International Holdings, Inc. (NYSE:MIAX) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 26,711 shares of the company’s stock, valued at approximately $1,186,000.

Several other large investors have also made changes to their positions in the business. The Manufacturers Life Insurance Company raised its stake in shares of Miami International by 241.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 146,944 shares of the company’s stock worth $6,521,000 after buying an additional 103,950 shares during the period. Soros Fund Management LLC raised its stake in shares of Miami International by 48.2% during the 4th quarter. Soros Fund Management LLC now owns 154,560 shares of the company’s stock worth $6,859,000 after buying an additional 50,300 shares during the period. Stifel Financial Corp acquired a new position in shares of Miami International during the 4th quarter worth approximately $211,000. Hudson Bay Capital Management LP raised its stake in shares of Miami International by 146.8% during the 4th quarter. Hudson Bay Capital Management LP now owns 101,552 shares of the company’s stock worth $4,507,000 after buying an additional 60,407 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of Miami International by 3.5% during the 4th quarter. First Trust Advisors LP now owns 21,671 shares of the company’s stock worth $962,000 after buying an additional 733 shares during the period.

Miami International Stock Performance

NYSE MIAX opened at $43.24 on Friday. The business has a fifty day moving average price of $46.25 and a 200 day moving average price of $43.73. Miami International Holdings, Inc. has a one year low of $28.63 and a one year high of $57.14. The company has a market cap of $4.10 billion and a P/E ratio of 45.04.

Miami International (NYSE:MIAX) last issued its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. The company had revenue of $369.69 million during the quarter, compared to analysts’ expectations of $122.74 million. The firm’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 earnings per share. As a group, sell-side analysts predict that Miami International Holdings, Inc. will post 1.53 EPS for the current fiscal year.

Analyst Ratings Changes

MIAX has been the subject of several recent research reports. Wall Street Zen downgraded Miami International from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Zacks Research raised Miami International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Keefe, Bruyette & Woods increased their price objective on Miami International from $40.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, May 8th. Rosenblatt Securities increased their price objective on Miami International from $59.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings raised Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $51.20.

Insider Buying and Selling

In other Miami International news, EVP Harish Jayabalan sold 9,783 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $40.04, for a total value of $391,711.32. Following the completion of the sale, the executive vice president directly owned 73,405 shares in the company, valued at $2,939,136.20. This represents a 11.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Barbara J. Comly sold 28,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $42.85, for a total value of $1,199,800.00. Following the completion of the sale, the executive vice president owned 843,844 shares of the company’s stock, valued at approximately $36,158,715.40. The trade was a 3.21% 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. Insiders sold 821,871 shares of company stock worth $36,021,919 over the last quarter. Corporate insiders own 15.60% of the company’s stock.

Miami International 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.