VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $493,000 Investment in Miami International Holdings, Inc. $MIAX

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Miami International Holdings, Inc. (NYSE:MIAX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 11,100 shares of the company’s stock, valued at approximately $493,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. National Bank of Canada FI bought a new stake in shares of Miami International in the 3rd quarter worth approximately $29,000. Comerica Bank boosted its position in Miami International by 295.6% in the fourth quarter. Comerica Bank now owns 1,254 shares of the company’s stock worth $56,000 after purchasing an additional 937 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Miami International during the 4th quarter worth $105,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of Miami International in the third quarter worth about $101,000. Finally, Atlas Wealth Partners LLC boosted its position in shares of Miami International by 11.8% in the fourth quarter. Atlas Wealth Partners LLC now owns 24,474 shares of the company’s stock worth $1,086,000 after purchasing an additional 2,585 shares during the period.

Miami International Stock Down 3.1%

Shares of Miami International stock opened at $54.41 on Tuesday. The company has a 50 day moving average of $43.81 and a 200 day moving average of $43.81. Miami International Holdings, Inc. has a 52-week low of $28.63 and a 52-week high of $57.14. The company has a market capitalization of $5.16 billion and a P/E ratio of 56.67.

Miami International (NYSE:MIAX) last released its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating 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. The company’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 EPS. As a group, research analysts anticipate that Miami International Holdings, Inc. will post 1.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Miami International

In related news, CEO Thomas P. Gallagher sold 174,125 shares of Miami International stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $43.36, for a total value of $7,550,060.00. Following the transaction, the chief executive officer owned 1,723,275 shares in the company, valued at approximately $74,721,204. This trade represents a 9.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Murray Stahl sold 121,054 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $40.92, for a total value of $4,953,529.68. Following the completion of the sale, the director owned 4,689,466 shares of the company’s stock, valued at approximately $191,892,948.72. This represents a 2.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 722,175 shares of company stock worth $31,648,266.

Analysts Set New Price Targets

A number of brokerages recently commented on MIAX. JPMorgan Chase & Co. increased their price target on Miami International from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Morgan Stanley upped their target price on shares of Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Weiss Ratings raised shares of Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Rosenblatt Securities upped their price target on Miami International from $59.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Keefe, Bruyette & Woods lifted their price target on Miami International from $40.00 to $48.00 and gave the company a “market perform” rating in a research report on Friday, May 8th. One investment 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 company. Based on data from MarketBeat.com, Miami International presently has an average rating of “Moderate Buy” and an average price target of $51.20.

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.