Miami International (NYSE:MIAX) EVP Sells 28,000 Shares of Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Barbara Comly sold 28,000 shares of Miami International stock in a transaction on Monday, July 13th. The stock was sold at an average price of $41.98, for a total value of $1,175,440.00. Following the sale, the executive vice president owned 882,984 shares of the company’s stock, valued at approximately $37,067,668.32. This trade represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Trading Down 2.9%

Shares of NYSE MIAX traded down $1.21 during mid-day trading on Tuesday, reaching $41.10. The company had a trading volume of 1,333,374 shares, compared to its average volume of 1,591,553. The business’s 50-day moving average is $44.41 and its 200-day moving average is $42.97. The stock has a market cap of $3.90 billion and a price-to-earnings ratio of 42.81. Miami International Holdings, Inc. has a 52 week low of $28.63 and a 52 week high of $57.14.

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

Institutional Investors Weigh In On Miami International

Hedge funds have recently made changes to their positions in the stock. State of Wyoming bought a new stake in Miami International during the fourth quarter valued at about $26,000. National Bank of Canada FI purchased a new position in Miami International in the third quarter valued at about $29,000. Comerica Bank raised its holdings in Miami International by 295.6% in the fourth quarter. Comerica Bank now owns 1,254 shares of the company’s stock worth $56,000 after purchasing an additional 937 shares in the last quarter. Fifth Third Bancorp bought a new position in Miami International in the first quarter worth about $61,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Miami International during the fourth quarter valued at about $66,000.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings raised shares of Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Zacks Research downgraded Miami International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Rosenblatt Securities lifted their target price on Miami International from $59.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Wall Street Zen cut Miami International from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Keefe, Bruyette & Woods increased their price target on Miami International from $40.00 to $48.00 and gave the stock a “market perform” rating in a research report on Friday, May 8th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.80.

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.