138,903 Shares in Miami International Holdings, Inc. $MIAX Acquired by Sone Capital Management LLC

Sone Capital Management LLC purchased a new position in Miami International Holdings, Inc. (NYSE:MIAX) during the second quarter, Holdings Channel reports. The fund purchased 138,903 shares of the company’s stock, valued at approximately $5,162,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State of Wyoming purchased a new stake in shares of Miami International during the fourth quarter valued at approximately $26,000. National Bank of Canada FI purchased a new position in shares of Miami International in the third quarter worth $29,000. Comerica Bank raised its holdings in Miami International by 295.6% during the 4th quarter. Comerica Bank now owns 1,254 shares of the company’s stock valued at $56,000 after buying an additional 937 shares during the last quarter. Fifth Third Bancorp bought a new stake in Miami International during the 1st quarter valued at $61,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Miami International during the 4th quarter valued at $66,000.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MIAX shares. JPMorgan Chase & Co. raised their price target on shares of Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Morgan Stanley upped their price objective on shares of Miami International from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Miami International in a research note on Friday, August 7th. Rosenblatt Securities raised their target price on Miami International from $61.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Keefe, Bruyette & Woods boosted their price target on Miami International from $46.00 to $48.00 and gave the company a “market perform” rating in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $52.00.

Miami International Stock Up 3.3%

Shares of MIAX stock opened at $43.98 on Tuesday. The firm has a market capitalization of $4.36 billion and a price-to-earnings ratio of 57.12. The stock has a fifty day moving average of $41.83 and a 200 day moving average of $42.97. Miami International Holdings, Inc. has a 52 week low of $32.19 and a 52 week high of $57.14.

Miami International (NYSE:MIAX) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. Miami International had a net margin of 9.70% and a return on equity of 16.95%. The business had revenue of $387.63 million for the quarter. During the same period in the previous year, the firm posted $0.48 earnings per share. The firm’s revenue for the quarter was up 34.8% compared to the same quarter last year. Equities research analysts anticipate that Miami International Holdings, Inc. will post 1.69 earnings per share for the current year.

Insider Activity

In related news, Director Judson Gray Teekell sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $45.79, for a total transaction of $137,370.00. Following the transaction, the director owned 72,251 shares in the company, valued at $3,308,373.29. The trade was a 3.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kurt M. Eckert sold 1,063 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $45.80, for a total transaction of $48,685.40. Following the completion of the transaction, the director directly owned 149,612 shares of the company’s stock, valued at approximately $6,852,229.60. The trade was a 0.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 797,208 shares of company stock worth $33,858,199. 15.60% of the stock is owned by company insiders.

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.