Miami International Holdings, Inc. (NYSE:MIAX) Stock Rated “Hold” by Wall Street Analysts

Shares of Miami International Holdings, Inc. (NYSE:MIAX) have been given a consensus recommendation of “Hold” by the six analysts that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $49.00.

MIAX has been the subject of several recent research reports. Zacks Research cut shares of Miami International from a “strong-buy” rating to a “hold” rating in a report on Monday, October 26th. Keefe, Bruyette & Woods upped their price target on shares of Miami International from $46.00 to $48.00 and gave the company a “market perform” rating in a report on Friday, August 7th. Rosenblatt Securities cut their price target on Miami International from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, October 27th. Wall Street Zen downgraded Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, August 23rd. Finally, Morgan Stanley reduced their price objective on Miami International from $50.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday, October 9th.

Miami International Trading Up 3.0%

MIAX opened at $36.79 on Friday. Miami International has a 12-month low of $29.06 and a 12-month high of $57.14. The firm has a market capitalization of $3.68 billion, a PE ratio of 13.62 and a beta of 1.73. The firm has a 50 day moving average of $35.16 and a two-hundred day moving average of $40.99.

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

Insider Transactions at Miami International

In related news, EVP Barbara Comly sold 56,022 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $35.07, for a total transaction of $1,964,691.54. Following the sale, the executive vice president directly owned 839,564 shares of the company’s stock, valued at $29,443,509.48. This trade represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Douglas Schafer, Jr. sold 8,000 shares of Miami International stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $35.00, for a total value of $280,000.00. Following the transaction, the executive vice president owned 387,414 shares of the company’s stock, valued at approximately $13,559,490. This represents a 2.02% 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. Over the last ninety days, insiders have sold 517,574 shares of company stock valued at $20,002,691. 15.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Miami International

Several hedge funds have recently bought and sold shares of the stock. Ieq Capital LLC acquired a new stake in shares of Miami International during the 3rd quarter worth approximately $210,000. Focus Advisor Solutions LLC lifted its stake in shares of Miami International by 4.9% in the 3rd quarter. Focus Advisor Solutions LLC now owns 143,454 shares of the company’s stock valued at $4,806,000 after purchasing an additional 6,718 shares during the period. Public Sector Pension Investment Board acquired a new position in shares of Miami International in the 3rd quarter valued at $3,986,000. EagleClaw Capital Managment LLC boosted its stake in shares of Miami International by 127.0% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 131,185 shares of the company’s stock worth $4,395,000 after acquiring an additional 73,385 shares in the last quarter. Finally, Moors & Cabot Inc. increased its stake in shares of Miami International by 3.0% in the 3rd quarter. Moors & Cabot Inc. now owns 122,507 shares of the company’s stock valued at $4,104,000 after purchasing an additional 3,603 shares in the last quarter.

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.