TD Asset Management Inc Acquires Shares of 63,460 Miami International Holdings, Inc. $MIAX

TD Asset Management Inc bought a new position in shares of Miami International Holdings, Inc. (NYSE:MIAX) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 63,460 shares of the company’s stock, valued at approximately $2,555,000.

A number of other hedge funds also recently modified their holdings of MIAX. Pekin Hardy Strauss Inc. bought a new stake in Miami International during the third quarter worth about $1,033,000. Readystate Asset Management LP acquired a new position in shares of Miami International in the 3rd quarter valued at approximately $503,000. Vanguard Group Inc. bought a new stake in shares of Miami International during the 3rd quarter worth approximately $55,660,000. Texas Yale Capital Corp. acquired a new stake in shares of Miami International during the 3rd quarter worth approximately $201,000. Finally, JPMorgan Chase & Co. bought a new position in Miami International in the third quarter valued at approximately $32,679,000.

Wall Street Analysts Forecast Growth

MIAX has been the subject of several recent analyst reports. Wall Street Zen cut Miami International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Zacks Research downgraded Miami International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Miami International in a research note on Monday, December 29th. Keefe, Bruyette & Woods boosted their target price on Miami International from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Thursday, November 6th. Finally, Rosenblatt Securities raised their price target on shares of Miami International from $55.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Miami International currently has a consensus rating of “Hold” and an average price target of $48.00.

Miami International Price Performance

Shares of MIAX stock opened at $42.85 on Thursday. Miami International Holdings, Inc. has a twelve month low of $28.63 and a twelve month high of $51.38. The stock’s fifty day moving average price is $42.50. The company has a market cap of $3.49 billion and a price-to-earnings ratio of 2,142.50.

Miami International (NYSE:MIAX) last posted its earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.41 by $0.11. The firm had revenue of $369.43 million during the quarter, compared to the consensus estimate of $121.13 million. The company’s revenue was up 14.0% compared to the same quarter last year.

Insider Buying and Selling

In related news, Director Murray Stahl sold 121,054 shares of Miami International stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $40.92, for a total transaction of $4,953,529.68. Following the sale, the director directly owned 4,689,466 shares in the company, valued at $191,892,948.72. This trade represents a 2.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Miami International Profile

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.