Miami International (NYSE:MIAX) EVP Sells 16,000 Shares of Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Shelly Brown sold 16,000 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $42.13, for a total value of $674,080.00. Following the transaction, the executive vice president owned 353,990 shares in the company, valued at approximately $14,913,598.70. The trade was a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Shelly Brown also recently made the following trade(s):

• On Tuesday, June 2nd, Shelly Brown sold 16,000 shares of Miami International stock. The shares were sold at an average price of $42.12, for a total value of $673,920.00.
• On Monday, May 4th, Shelly Brown sold 16,000 shares of Miami International stock. The stock was sold at an average price of $47.28, for a total transaction of $756,480.00.
• On Wednesday, April 8th, Shelly Brown sold 16,434 shares of Miami International stock. The stock was sold at an average price of $42.08, for a total transaction of $691,542.72.

Miami International Price Performance

MIAX traded up $1.75 during trading on Tuesday, hitting $43.61. 2,183,781 shares of the stock traded hands, compared to its average volume of 1,602,494. The firm has a market capitalization of $4.14 billion and a P/E ratio of 45.42. Miami International Holdings, Inc. has a 12-month low of $28.63 and a 12-month high of $57.14. The firm has a 50-day moving average of $44.82 and a 200 day moving average of $43.06.

Miami International (NYSE:MIAX) last released its quarterly earnings data 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 firm had revenue of $369.69 million during the quarter, compared to analysts’ expectations of $122.74 million. Miami International’s revenue was up 40.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 EPS. As a group, equities analysts predict that Miami International Holdings, Inc. will post 1.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price objective on Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen downgraded Miami International from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Rosenblatt Securities lifted their price target on shares of Miami International from $59.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Keefe, Bruyette & Woods upped their price objective on shares of Miami International from $40.00 to $48.00 and gave the stock a “market perform” rating in a report on Friday, May 8th. Finally, Morgan Stanley raised their target price on shares of Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $51.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. boosted its position in shares of Miami International by 24.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,025,712 shares of the company’s stock valued at $134,282,000 after purchasing an additional 595,096 shares in the last quarter. Vanguard Group Inc. raised its holdings in Miami International by 39.5% in the fourth quarter. Vanguard Group Inc. now owns 1,928,286 shares of the company’s stock worth $85,577,000 after purchasing an additional 545,770 shares in the last quarter. Horizon Kinetics Asset Management LLC lifted its position in Miami International by 31.6% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,819,798 shares of the company’s stock valued at $80,763,000 after buying an additional 437,395 shares during the period. Alyeska Investment Group L.P. boosted its holdings in shares of Miami International by 1.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,286,086 shares of the company’s stock valued at $57,076,000 after buying an additional 20,350 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Miami International by 178.8% during the 4th quarter. Invesco Ltd. now owns 1,278,966 shares of the company’s stock valued at $56,761,000 after buying an additional 820,246 shares in the last quarter.

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.