Miami International (NYSE:MIAX) EVP Sells $1,154,160.00 in Stock

Miami International Holdings, Inc. (NYSE:MIAXGet Free Report) EVP Barbara Comly sold 28,000 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $41.22, for a total transaction of $1,154,160.00. Following the completion of the transaction, the executive vice president owned 882,984 shares of the company’s stock, valued at approximately $36,396,600.48. This trade represents a 3.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Trading Up 2.6%

Miami International stock opened at $42.94 on Friday. The firm has a market capitalization of $4.08 billion and a P/E ratio of 44.73. Miami International Holdings, Inc. has a twelve month low of $28.63 and a twelve month high of $57.14. The stock’s fifty day simple moving average is $44.59 and its 200-day simple moving average is $43.03.

Miami International (NYSE:MIAXGet Free Report) last released its earnings results 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 company had revenue of $369.69 million during the quarter, compared to analysts’ expectations of $122.74 million. During the same quarter last year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was up 40.0% on a year-over-year basis. Sell-side analysts predict that Miami International Holdings, Inc. will post 1.53 earnings per share for the current year.

Miami International News Roundup

Here are the key news stories impacting Miami International this week:

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. purchased a new position in shares of Miami International in the 3rd quarter valued at $55,660,000. Alyeska Investment Group L.P. purchased a new stake in Miami International in the third quarter valued at $50,959,000. Invesco Ltd. boosted its stake in Miami International by 178.8% in the fourth quarter. Invesco Ltd. now owns 1,278,966 shares of the company’s stock valued at $56,761,000 after acquiring an additional 820,246 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Miami International in the third quarter valued at $32,679,000. Finally, North Reef Capital Management LP purchased a new position in shares of Miami International during the third quarter worth about $29,221,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MIAX shares. Weiss Ratings raised Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Rosenblatt Securities raised their target price on shares of Miami International from $59.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Morgan Stanley boosted their price target on shares of Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Keefe, Bruyette & Woods raised their price objective on shares of Miami International from $40.00 to $48.00 and gave the company a “market perform” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $51.20.

Get Our Latest Analysis on MIAX

About Miami International

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Miami International (NYSE:MIAX)

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