Miami International (NYSE:MIAX) Director Cynthia Schwarzkopf Sells 19,500 Shares of Stock

Miami International Holdings, Inc. (NYSE:MIAX) Director Cynthia Schwarzkopf sold 19,500 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $41.73, for a total transaction of $813,735.00. Following the transaction, the director directly owned 81,308 shares in the company, valued at approximately $3,392,982.84. The trade was a 19.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Miami International Trading Up 4.8%

Shares of MIAX stock opened at $43.24 on Friday. The company’s 50-day moving average price is $46.25 and its 200-day moving average price is $43.73. The stock has a market cap of $4.10 billion and a price-to-earnings ratio of 45.04. 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 issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) 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 analysts’ expectations of $122.74 million. The firm’s quarterly revenue was up 40.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 earnings per share. As a group, equities research analysts predict that Miami International Holdings, Inc. will post 1.53 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on MIAX. JPMorgan Chase & Co. boosted their price objective on shares of Miami International from $41.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings upgraded shares of Miami International from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Zacks Research upgraded shares of Miami International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Wall Street Zen lowered shares of Miami International from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Morgan Stanley boosted their price objective on shares of Miami International from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $51.20.

Institutional Trading of Miami International

Large investors have recently made changes to their positions in the company. State of Wyoming purchased a new stake in shares of Miami International during the fourth quarter worth approximately $26,000. National Bank of Canada FI purchased a new position in Miami International in the third quarter valued at approximately $29,000. Comerica Bank increased its stake in Miami International by 295.6% in the fourth quarter. Comerica Bank now owns 1,254 shares of the company’s stock valued at $56,000 after purchasing an additional 937 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Miami International in the fourth quarter valued at approximately $66,000. Finally, Fifth Third Bancorp purchased a new position in Miami International in the first quarter valued at approximately $61,000.

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.