Miami International (NYSE:MIAX) Director Sells $813,735.00 in Stock

Miami International Holdings, Inc. (NYSE:MIAX) Director Cynthia Schwarzkopf sold 19,500 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $41.73, for a total transaction of $813,735.00. Following the completion of the transaction, the director owned 81,308 shares in the company, valued at $3,392,982.84. This trade represents a 19.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Miami International Trading Up 4.8%

NYSE MIAX traded up $1.97 during trading hours on Friday, hitting $43.24. 3,288,583 shares of the company’s stock were exchanged, compared to its average volume of 1,369,720. The firm has a market cap of $4.10 billion and a price-to-earnings ratio of 45.04. Miami International Holdings, Inc. has a 1-year low of $28.63 and a 1-year high of $57.14. The stock has a 50-day simple moving average of $46.18 and a 200 day simple moving average of $43.73.

Miami International (NYSE:MIAX) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of $369.69 million during the quarter, compared to analyst estimates of $122.74 million. During the same quarter in the previous year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was up 40.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Miami International Holdings, Inc. will post 1.53 earnings per share for the current fiscal year.

Institutional Trading of Miami International

A number of hedge funds and other institutional investors have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. increased its stake in shares of Miami International by 24.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,025,712 shares of the company’s stock valued at $134,282,000 after purchasing an additional 595,096 shares in the last quarter. Vanguard Group Inc. increased 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 acquiring an additional 545,770 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its holdings in Miami International by 31.6% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,819,798 shares of the company’s stock valued at $80,763,000 after buying an additional 437,395 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in Miami International by 1.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,286,086 shares of the company’s stock valued at $57,076,000 after purchasing an additional 20,350 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Miami International by 178.8% during the 4th 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 during the period.

Wall Street Analysts Forecast Growth

MIAX has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Miami International from $40.00 to $48.00 and gave the stock a “market perform” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. increased their price objective on Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. 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 report on Thursday, May 7th. Wall Street Zen cut Miami International from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Zacks Research raised Miami International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Miami International presently has an average rating of “Moderate Buy” and a consensus price target of $51.20.

About Miami International

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.