Insider Selling: Miami International (NYSE:MIAX) Director Sells $813,735.00 in Stock

Miami International Holdings, Inc. (NYSE:MIAX) Director Cynthia Schwarzkopf sold 19,500 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $41.73, for a total transaction of $813,735.00. Following the transaction, the director directly owned 81,308 shares of the company’s stock, valued at $3,392,982.84. This represents a 19.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Miami International Trading Down 0.1%

Miami International stock opened at $43.24 on Monday. The business’s 50 day simple moving average is $46.25 and its 200 day simple moving average is $43.72. Miami International Holdings, Inc. has a 12 month low of $28.63 and a 12 month high of $57.14. The company has a market cap of $4.10 billion and a price-to-earnings ratio of 45.04.

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

Analyst Ratings Changes

Several research firms have commented on MIAX. Morgan Stanley upped their price objective on shares of Miami International from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Rosenblatt Securities boosted their price target on shares of Miami International from $59.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Keefe, Bruyette & Woods upped their price target on shares of Miami International from $40.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, May 8th. Weiss Ratings raised shares of Miami International from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Miami International from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Miami International has an average rating of “Moderate Buy” and an average target price of $51.20.

Institutional Investors Weigh In On Miami International

A number of institutional investors and hedge funds have recently modified their holdings of MIAX. BNP Paribas Financial Markets purchased a new position in shares of Miami International during the fourth quarter worth about $8,477,000. Vanguard Group Inc. raised its stake in Miami International by 39.5% in the fourth quarter. Vanguard Group Inc. now owns 1,928,286 shares of the company’s stock valued at $85,577,000 after purchasing an additional 545,770 shares in the last quarter. Pekin Hardy Strauss Inc. bought a new stake in Miami International during the third quarter valued at approximately $1,033,000. Tudor Investment Corp ET AL purchased a new position in Miami International in the 3rd quarter worth approximately $1,833,000. Finally, Monashee Investment Management LLC purchased a new position in Miami International in the 3rd quarter worth approximately $6,039,000.

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.