Royce & Associates LP Buys Shares of 181,466 Miami International Holdings, Inc. $MIAX

Royce & Associates LP bought a new stake in Miami International Holdings, Inc. (NYSE:MIAX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 181,466 shares of the company’s stock, valued at approximately $8,053,000.

A number of other hedge funds have also recently added to or reduced their stakes in MIAX. National Bank of Canada FI acquired a new stake in Miami International in the third quarter valued at approximately $29,000. Comerica Bank boosted its position in Miami International by 295.6% in 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 in the last quarter. SG Americas Securities LLC acquired a new stake in Miami International in the fourth quarter valued at approximately $105,000. Strs Ohio acquired a new stake in Miami International in the fourth quarter valued at approximately $186,000. Finally, Texas Yale Capital Corp. bought a new position in shares of Miami International during the third quarter valued at $201,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Miami International from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. JPMorgan Chase & Co. lifted their target price on shares of Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Keefe, Bruyette & Woods lifted their target price on shares of Miami International from $40.00 to $48.00 and gave the stock a “market perform” rating in a research note on Friday, May 8th. Rosenblatt Securities lifted their target price on shares of Miami International from $59.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Zacks Research raised shares of Miami International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.20.

Insiders Place Their Bets

In other Miami International news, CEO Thomas P. Gallagher sold 54,229 shares of Miami International stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $47.26, for a total value of $2,562,862.54. Following the sale, the chief executive officer owned 1,723,275 shares of the company’s stock, valued at approximately $81,441,976.50. The trade was a 3.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Shelly Brown sold 16,000 shares of Miami International stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $47.28, for a total transaction of $756,480.00. Following the completion of the sale, the executive vice president directly owned 325,047 shares in the company, valued at approximately $15,368,222.16. This represents a 4.69% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 722,175 shares of company stock valued at $31,648,266.

Miami International Price Performance

Shares of NYSE MIAX opened at $47.81 on Friday. The stock has a market capitalization of $4.54 billion and a P/E ratio of 49.81. The company has a 50-day moving average price of $45.59 and a 200-day moving average price of $44.12. Miami International Holdings, Inc. has a 1 year low of $28.63 and a 1 year high of $57.14.

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

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.