Miami International (NYSE:MIAX) Director Judson Gray Teekell Sells 3,000 Shares

Miami International Holdings, Inc. (NYSE:MIAX) Director Judson Gray Teekell sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $47.30, for a total value of $141,900.00. Following the completion of the sale, the director owned 56,338 shares in the company, valued at approximately $2,664,787.40. This represents a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Judson Gray Teekell also recently made the following trade(s):

• On Thursday, April 2nd, Judson Gray Teekell sold 2,700 shares of Miami International stock. The shares were sold at an average price of $40.00, for a total value of $108,000.00.

Miami International Stock Up 1.6%

NYSE MIAX traded up $0.76 on Tuesday, reaching $48.07. 1,035,198 shares of the stock traded hands, compared to its average volume of 1,267,720. The firm’s fifty day simple moving average is $41.61 and its 200 day simple moving average is $43.13. The company has a market cap of $4.56 billion and a price-to-earnings ratio of 89.03. Miami International Holdings, Inc. has a 12 month low of $28.63 and a 12 month high of $51.38.

Miami International (NYSE:MIAX) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.11. The company had revenue of $369.43 million for the quarter, compared to the consensus estimate of $121.13 million. Miami International’s revenue was up 14.0% on a year-over-year basis. As a group, equities research analysts forecast that Miami International Holdings, Inc. will post 1.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Miami International

A number of hedge funds and other institutional investors have recently made changes to their positions in MIAX. Allspring Global Investments Holdings LLC purchased a new stake in shares of Miami International during the 3rd quarter worth about $17,684,000. Caldwell Investment Management Ltd. purchased a new stake in shares of Miami International during the 3rd quarter worth about $27,056,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Miami International during the 3rd quarter worth about $101,000. Atlas Wealth Partners LLC purchased a new stake in shares of Miami International during the 3rd quarter worth about $881,000. Finally, Federated Hermes Inc. bought a new position in Miami International during the third quarter valued at about $10,065,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MIAX shares. Keefe, Bruyette & Woods started coverage on Miami International in a research note on Wednesday, April 8th. They set a “market perform” rating and a $40.00 price objective for the company. Wall Street Zen lowered Miami International from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Morgan Stanley upped their price target on Miami International from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of Miami International in a research report on Friday, March 27th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $59.00 price target on shares of Miami International in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Miami International currently has an average rating of “Moderate Buy” and an average price target of $47.60.

Miami International Company 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.