Miami International (NYSE:MIAX) Hits New 1-Year High – What’s Next?

Shares of Miami International Holdings, Inc. (NYSE:MIAX) hit a new 52-week high during trading on Monday . The stock traded as high as $49.27 and last traded at $49.1350, with a volume of 596568 shares trading hands. The stock had previously closed at $47.02.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Miami International from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Thursday. Rosenblatt Securities boosted their price objective on Miami International from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday. Weiss Ratings started coverage on Miami International in a research note on Thursday. They set a “sell (d+)” rating for the company. JPMorgan Chase & Co. raised their target price on Miami International from $32.00 to $37.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, William Blair began coverage on Miami International in a research report on Monday, September 8th. They issued an “outperform” rating on the stock. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Miami International presently has a consensus rating of “Hold” and a consensus target price of $47.20.

Miami International Trading Up 1.1%

The company’s 50-day moving average price is $41.18.

Miami International (NYSE:MIAX) last released its earnings results on Wednesday, November 5th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.12. The firm’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same period last year, the company earned $0.11 EPS.

Insider Buying and Selling

In other Miami International news, Director Murray Stahl purchased 34,470 shares of the firm’s stock in a transaction on Thursday, August 28th. The shares were purchased at an average price of $36.10 per share, for a total transaction of $1,244,367.00. Following the completion of the purchase, the director directly owned 4,557,919 shares of the company’s stock, valued at approximately $164,540,875.90. This represents a 0.76% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired 34,476 shares of company stock valued at $1,244,618 over the last three months.

Hedge Funds Weigh In On Miami International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Miami International during the 3rd quarter valued at about $101,000. Texas Yale Capital Corp. acquired a new position in Miami International in the third quarter worth about $201,000. Caprock Group LLC bought a new position in Miami International during the third quarter worth about $376,000. Readystate Asset Management LP acquired a new stake in Miami International during the third quarter valued at approximately $503,000. Finally, Atlas Wealth Partners LLC bought a new stake in shares of Miami International in the 3rd quarter valued at approximately $881,000.

About Miami International

We are a technology-driven leader in building and operating regulated financial marketplaces across multiple asset classes and geographies. Our MIAX Exchanges, MIAX Futures and BSX marketplaces are enabled by our in-house built, proprietary technology. We believe the speed and performance of our proprietary technology coupled with our fully integrated, award-winning customer service, sets us apart from our competitors.