Seven Grand Managers LLC Has $17.75 Million Stake in Miami International Holdings, Inc. $MIAX

Seven Grand Managers LLC raised its position in Miami International Holdings, Inc. (NYSE:MIAX) by 33.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 400,000 shares of the company’s stock after purchasing an additional 100,000 shares during the period. Miami International accounts for approximately 1.4% of Seven Grand Managers LLC’s portfolio, making the stock its 22nd largest position. Seven Grand Managers LLC’s holdings in Miami International were worth $17,752,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MIAX. National Bank of Canada FI acquired a new position in shares of Miami International in the 3rd quarter worth approximately $29,000. Comerica Bank lifted its position in shares of Miami International by 295.6% in the 4th quarter. Comerica Bank now owns 1,254 shares of the company’s stock worth $56,000 after purchasing an additional 937 shares during the period. SG Americas Securities LLC acquired a new position in shares of Miami International in the 4th quarter worth approximately $105,000. Strs Ohio acquired a new position in shares of Miami International in the 4th quarter worth approximately $186,000. Finally, Texas Yale Capital Corp. acquired a new position in shares of Miami International in the 3rd quarter worth approximately $201,000.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MIAX shares. Rosenblatt Securities boosted their price target on shares of Miami International from $59.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Wall Street Zen downgraded shares of Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Morgan Stanley lifted their price objective on shares of Miami International from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Miami International from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.20.

Miami International Stock Up 2.3%

NYSE:MIAX opened at $50.32 on Thursday. The company has a fifty day moving average of $45.43 and a 200-day moving average of $44.13. The firm has a market capitalization of $4.78 billion and a P/E ratio of 52.42. Miami International Holdings, Inc. has a twelve month low of $28.63 and a twelve month high of $57.14.

Miami International (NYSE:MIAX) last released its quarterly earnings data 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 company had revenue of $369.69 million during the quarter, compared to the consensus estimate of $122.74 million. The business’s revenue was up 40.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 EPS. On average, analysts anticipate that Miami International Holdings, Inc. will post 1.53 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Thomas P. Gallagher sold 54,229 shares of Miami International stock in a transaction on Monday, May 4th. The shares were sold at an average price of $47.26, for a total value of $2,562,862.54. Following the completion of the sale, the chief executive officer owned 1,723,275 shares in the company, valued at $81,441,976.50. The trade was a 3.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Edward Deitzel sold 11,000 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $47.28, for a total transaction of $520,080.00. Following the sale, the executive vice president owned 116,221 shares of the company’s stock, valued at $5,494,928.88. This trade represents a 8.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 722,175 shares of company stock worth $31,648,266 over the last ninety days.

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.