Miami International (NYSE:MIAX) EVP Douglas Schafer Jr Sells 48,000 Shares

Miami International Holdings, Inc. (NYSE:MIAX) EVP Douglas Schafer, Jr. sold 48,000 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $39.74, for a total transaction of $1,907,520.00. Following the completion of the sale, the executive vice president owned 396,681 shares of the company’s stock, valued at $15,764,102.94. The trade was a 10.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Miami International Trading Down 0.7%

Shares of MIAX traded down $0.29 during mid-day trading on Wednesday, hitting $39.54. 979,585 shares of the company traded hands, compared to its average volume of 1,319,557. The stock has a market capitalization of $3.62 billion and a price-to-earnings ratio of 73.21. The business has a 50-day moving average of $41.54 and a 200 day moving average of $42.57. Miami International Holdings, Inc. has a one year low of $28.63 and a one year high of $51.38.

Miami International (NYSE:MIAX) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. The firm had revenue of $369.43 million during the quarter, compared to the consensus estimate of $121.13 million. The company’s revenue for the quarter was up 14.0% on a year-over-year basis.

Institutional Trading of Miami International

Hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in Miami International during the third quarter valued at approximately $17,684,000. Coastal Bridge Advisors LLC acquired a new stake in Miami International in the third quarter worth $3,083,000. Victory Capital Management Inc. acquired a new stake in Miami International in the third quarter worth $12,168,000. Federated Hermes Inc. bought a new position in shares of Miami International during the third quarter worth $10,065,000. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of Miami International in the 3rd quarter valued at $1,033,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $59.00 price target on shares of Miami International in a research report on Thursday, March 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Miami International in a research note on Monday, December 29th. Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Wall Street Zen upgraded shares of Miami International from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $48.00.

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.