Miami International (NYSE:MIAX) Director Sells $120,000.00 in Stock

Miami International Holdings, Inc. (NYSE:MIAXGet Free Report) Director Judson Gray Teekell sold 3,000 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $40.00, for a total value of $120,000.00. Following the completion of the sale, the director owned 75,251 shares in the company, valued at $3,010,040. This trade represents a 3.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Judson Gray Teekell also recently made the following trade(s):

  • On Tuesday, June 2nd, Judson Gray Teekell sold 3,000 shares of Miami International stock. The shares were sold at an average price of $42.78, for a total value of $128,340.00.
  • On Monday, May 4th, Judson Gray Teekell sold 3,000 shares of Miami International stock. The stock was sold at an average price of $47.30, for a total transaction of $141,900.00.

Miami International Stock Up 2.6%

Shares of Miami International stock opened at $42.94 on Friday. Miami International Holdings, Inc. has a 12-month low of $28.63 and a 12-month high of $57.14. The stock has a market capitalization of $4.08 billion and a P/E ratio of 44.73. The company has a 50-day simple moving average of $44.59 and a 200 day simple moving average of $43.03.

Miami International (NYSE:MIAXGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 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 analyst estimates of $122.74 million. Miami International’s quarterly revenue was up 40.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 earnings per share. On average, equities analysts anticipate that Miami International Holdings, Inc. will post 1.53 earnings per share for the current year.

Key Stories Impacting Miami International

Here are the key news stories impacting Miami International this week:

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Morgan Stanley raised their price target on Miami International from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Weiss Ratings raised Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Zacks Research cut Miami International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Wall Street Zen lowered Miami International from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. 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 report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $51.20.

Check Out Our Latest Analysis on MIAX

Hedge Funds Weigh In On Miami International

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. acquired a new stake in Miami International in the third quarter worth about $55,660,000. Victory Capital Management Inc. acquired a new position in Miami International during the 3rd quarter valued at about $12,168,000. First Trust Advisors LP bought a new position in shares of Miami International in the 3rd quarter valued at about $843,000. Blair William & Co. IL acquired a new stake in shares of Miami International during the 3rd quarter worth approximately $14,645,000. Finally, Legal & General Group Plc acquired a new stake in shares of Miami International during the 3rd quarter worth approximately $302,000.

Miami International Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Miami International (NYSE:MIAX)

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