Miami International (NYSE:MIAX) EVP Sells $431,202.24 in Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Barbara Comly sold 12,306 shares of Miami International stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $35.04, for a total transaction of $431,202.24. Following the sale, the executive vice president owned 839,564 shares of the company’s stock, valued at $29,418,322.56. The trade was a 1.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Price Performance

Miami International stock opened at $31.95 on Thursday. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 41.49 and a beta of 1.79. The firm has a 50-day moving average of $36.81 and a two-hundred day moving average of $41.41. Miami International Holdings, Inc. has a 1 year low of $29.06 and a 1 year high of $57.14.

Miami International (NYSE:MIAX) last issued its earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. The business had revenue of $387.63 million for the quarter. Miami International had a net margin of 9.70% and a return on equity of 16.95%. The business’s revenue was up 34.8% compared to the same quarter last year. During the same period last year, the business posted $0.48 earnings per share. Research analysts expect that Miami International Holdings, Inc. will post 1.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MIAX has been the topic of several research reports. Rosenblatt Securities reduced their price objective on Miami International from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday. Morgan Stanley decreased their target price on Miami International from $50.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Miami International in a report on Friday, August 7th. Zacks Research downgraded Miami International from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Wall Street Zen lowered Miami International from a “buy” rating to a “hold” rating in a research note on Sunday, August 23rd. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Miami International presently has an average rating of “Hold” and an average target price of $49.60.

Institutional Investors Weigh In On Miami International

Large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new stake in Miami International during the 2nd quarter valued at $5,618,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of Miami International in the 2nd quarter valued at $8,313,249. HighTower Advisors LLC raised its position in shares of Miami International by 290.6% in the 2nd quarter. HighTower Advisors LLC now owns 112,298 shares of the company’s stock worth $4,173,000 after acquiring an additional 83,547 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Miami International in the 1st quarter worth $5,834,000. Finally, Bank of America Corp DE bought a new position in shares of Miami International in the 2nd quarter worth $31,845,000.

About Miami International

Miami International Holdings, Inc (NYSE: MIAX) is a financial exchange operator that owns and manages regulated marketplaces for the trading of options and other securities. Through its exchange platforms, the company provides electronic trading, order matching, market data and related services to brokers, market makers, institutional investors and other market participants.

The company operates the MIAX exchange family, which includes MIAX, MIAX Pearl and MIAX Emerald, as well as related equities and options trading venues.