Miami International (NYSE:MIAX) CEO Sells $1,758,183.48 in Stock

Miami International Holdings, Inc. (NYSE:MIAXGet Free Report) CEO Thomas Gallagher sold 41,772 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $42.09, for a total transaction of $1,758,183.48. Following the completion of the sale, the chief executive officer owned 1,723,275 shares in the company, valued at $72,532,644.75. This represents a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Stock Up 2.6%

NYSE MIAX opened at $42.94 on Friday. Miami International Holdings, Inc. has a 52 week low of $28.63 and a 52 week high of $57.14. The company has a 50 day moving average price of $44.59 and a 200 day moving average price of $43.03. The firm has a market cap of $4.08 billion and a PE ratio of 44.73.

Miami International (NYSE:MIAXGet Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. The firm had revenue of $369.69 million during the quarter, compared to analyst estimates of $122.74 million. During the same quarter last year, the business earned $0.38 earnings per share. Miami International’s revenue was up 40.0% on a year-over-year basis. On average, equities research analysts anticipate that Miami International Holdings, Inc. will post 1.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on MIAX shares. Rosenblatt Securities boosted their target price on Miami International from $59.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings upgraded Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Morgan Stanley boosted their price target on Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Zacks Research downgraded shares of Miami International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Miami International from $41.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Miami International currently has an average rating of “Hold” and a consensus target price of $51.20.

View Our Latest Analysis on Miami International

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Hedge Funds Weigh In On Miami International

Several hedge funds and other institutional investors have recently bought and sold shares of MIAX. BNP Paribas Financial Markets acquired a new stake in shares of Miami International in the fourth quarter worth $8,477,000. Vanguard Group Inc. lifted its position in Miami International by 39.5% during the fourth quarter. Vanguard Group Inc. now owns 1,928,286 shares of the company’s stock valued at $85,577,000 after purchasing an additional 545,770 shares during the period. Tudor Investment Corp ET AL acquired a new position in Miami International during the third quarter valued at $1,833,000. Victory Capital Management Inc. purchased a new stake in Miami International in the third quarter valued at $12,168,000. Finally, Seven Grand Managers LLC boosted its holdings in Miami International by 33.3% in the fourth quarter. Seven Grand Managers LLC now owns 400,000 shares of the company’s stock valued at $17,752,000 after purchasing an additional 100,000 shares during the last quarter.

Miami International Company Profile

(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.

Further Reading

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

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