Miami International (NYSE:MIAX) Sets New 12-Month High – Here’s What Happened

Miami International Holdings, Inc. (NYSE:MIAX) shares reached a new 52-week high on Monday . The company traded as high as $45.74 and last traded at $45.6580, with a volume of 635912 shares changing hands. The stock had previously closed at $43.70.

Wall Street Analyst Weigh In

MIAX has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on shares of Miami International from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. Piper Sandler set a $48.00 price target on shares of Miami International and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Wall Street Zen upgraded shares of Miami International to a “hold” rating in a research note on Saturday, August 23rd. JPMorgan Chase & Co. initiated coverage on shares of Miami International in a research note on Monday, September 8th. They issued a “neutral” rating and a $32.00 price target on the stock. Finally, Zacks Research upgraded shares of Miami International to a “hold” rating in a research note on Tuesday, September 9th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.40.

Miami International Stock Performance

The business has a 50-day moving average of $40.02.

Insider Buying and Selling

In other Miami International news, Director Murray Stahl bought 34,470 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were acquired at an average cost of $36.10 per share, for a total transaction of $1,244,367.00. Following the transaction, the director directly owned 4,557,919 shares in the company, valued at approximately $164,540,875.90. This represents a 0.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have purchased 34,476 shares of company stock worth $1,244,618.

Institutional Investors Weigh In On Miami International

Several hedge funds have recently added to or reduced their stakes in the business. Coastal Bridge Advisors LLC bought a new position in Miami International during the 3rd quarter worth approximately $3,083,000. Federated Hermes Inc. bought a new position in Miami International during the 3rd quarter worth approximately $10,065,000. Atlas Wealth Partners LLC bought a new position in Miami International during the 3rd quarter worth approximately $881,000. Emerald Mutual Fund Advisers Trust bought a new position in Miami International during the 3rd quarter worth approximately $101,000. Finally, Caldwell Investment Management Ltd. bought a new position in Miami International during the 3rd quarter worth approximately $27,056,000.

About Miami International

We are a technology-driven leader in building and operating regulated financial marketplaces across multiple asset classes and geographies. Our MIAX Exchanges, MIAX Futures and BSX marketplaces are enabled by our in-house built, proprietary technology. We believe the speed and performance of our proprietary technology coupled with our fully integrated, award-winning customer service, sets us apart from our competitors.