Maven Securities LTD Takes $3.10 Million Position in Miami International Holdings, Inc. $MIAX

Maven Securities LTD acquired a new stake in shares of Miami International Holdings, Inc. (NYSE:MIAX) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 69,920 shares of the company’s stock, valued at approximately $3,103,000.

A number of other hedge funds have also recently made changes to their positions in the business. Mad River Investors grew its holdings in shares of Miami International by 0.6% during the fourth quarter. Mad River Investors now owns 75,050 shares of the company’s stock valued at $3,331,000 after buying an additional 450 shares during the last quarter. State of Wyoming acquired a new position in shares of Miami International during the fourth quarter valued at about $26,000. National Bank of Canada FI acquired a new position in shares of Miami International during the third quarter valued at about $29,000. First Trust Advisors LP grew its holdings in shares of Miami International by 3.5% during the fourth quarter. First Trust Advisors LP now owns 21,671 shares of the company’s stock valued at $962,000 after buying an additional 733 shares during the last quarter. Finally, Comerica Bank grew 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 valued at $56,000 after buying an additional 937 shares during the last quarter.

Miami International Stock Performance

Miami International stock opened at $43.24 on Monday. Miami International Holdings, Inc. has a fifty-two week low of $28.63 and a fifty-two week high of $57.14. The stock has a market cap of $4.10 billion and a PE ratio of 45.04. The firm’s 50-day simple moving average is $46.25 and its 200 day simple moving average is $43.72.

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

Analyst Ratings Changes

Several research analysts recently weighed in on MIAX shares. Zacks Research upgraded shares of Miami International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Wall Street Zen cut shares of Miami International from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Rosenblatt Securities boosted their price target on shares of Miami International from $59.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Morgan Stanley boosted their price target on shares of Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. One 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $51.20.

Insider Transactions at Miami International

In other Miami International news, EVP Barbara J. Comly sold 29,667 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $43.64, for a total value of $1,294,667.88. Following the transaction, the executive vice president directly owned 843,844 shares in the company, valued at $36,825,352.16. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 Douglas M. Schafer, Jr. sold 48,000 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $39.74, for a total transaction of $1,907,520.00. Following the completion of the transaction, the executive vice president owned 396,681 shares in the company, valued at approximately $15,764,102.94. The trade was a 10.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 821,871 shares of company stock valued at $36,021,919. Corporate insiders own 15.60% of the company’s stock.

About Miami International

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.