Miami International (NYSE:MIAX) Director Sells $108,000.00 in Stock

Miami International Holdings, Inc. (NYSE:MIAX) Director Judson Gray Teekell sold 2,700 shares of Miami International stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $40.00, for a total value of $108,000.00. Following the transaction, the director owned 59,338 shares of the company’s stock, valued at $2,373,520. This trade represents a 4.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Price Performance

Shares of MIAX stock traded down $0.03 during trading hours on Friday, reaching $40.15. The company had a trading volume of 1,567,969 shares, compared to its average volume of 1,346,312. The company has a market cap of $3.68 billion and a price-to-earnings ratio of 74.34. Miami International Holdings, Inc. has a 12 month low of $28.63 and a 12 month high of $51.38. The business has a fifty day simple moving average of $40.56 and a 200-day simple moving average of $42.67.

Miami International (NYSE:MIAX) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) 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. The company’s quarterly revenue was up 14.0% compared to the same quarter last year.

Institutional Investors Weigh In On Miami International

Several large investors have recently made changes to their positions in MIAX. Caitong International Asset Management Co. Ltd bought a new position in Miami International during the fourth quarter valued at about $66,000. T. Rowe Price Investment Management Inc. raised its position in Miami International by 24.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,025,712 shares of the company’s stock worth $134,282,000 after acquiring an additional 595,096 shares during the period. Invesco Ltd. boosted its stake in Miami International by 178.8% in the fourth 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 last quarter. Delta Global Management LP boosted its stake in Miami International by 452.6% in the fourth quarter. Delta Global Management LP now owns 279,029 shares of the company’s stock valued at $12,383,000 after acquiring an additional 228,531 shares during the last quarter. Finally, Coastal Bridge Advisors LLC grew its position in shares of Miami International by 1.1% during the 4th quarter. Coastal Bridge Advisors LLC now owns 77,415 shares of the company’s stock valued at $3,436,000 after acquiring an additional 850 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MIAX. Wall Street Zen downgraded shares of Miami International from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $59.00 price objective on shares of Miami International in a research report on Thursday, March 5th. Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Miami International in a research report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $48.00.

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.