Miami International (NYSE:MIAX) EVP Sells $1,175,440.00 in Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Barbara Comly sold 28,000 shares of the business’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $41.98, for a total value of $1,175,440.00. Following the completion of the transaction, the executive vice president owned 882,984 shares in the company, valued at $37,067,668.32. This trade represents a 3.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Price Performance

Shares of MIAX stock opened at $42.79 on Friday. Miami International Holdings, Inc. has a fifty-two week low of $28.63 and a fifty-two week high of $57.14. The stock’s 50-day moving average is $44.04 and its two-hundred day moving average is $42.87. The firm has a market cap of $4.06 billion and a P/E ratio of 44.57.

Miami International (NYSE:MIAX) last announced its quarterly earnings results 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 firm had revenue of $369.69 million for the quarter, compared to analyst estimates of $122.74 million. The firm’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 earnings per share. As a group, research analysts expect that Miami International Holdings, Inc. will post 1.58 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on MIAX. Keefe, Bruyette & Woods lifted their target price on shares of Miami International from $40.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. raised their price target 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. Wall Street Zen lowered shares of Miami International from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Morgan Stanley upped their price objective on shares of Miami International from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Finally, Zacks Research downgraded shares of Miami International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $51.80.

Institutional Investors Weigh In On Miami International

A number of large investors have recently added to or reduced their stakes in MIAX. Vanguard Group Inc. bought a new position in shares of Miami International in the third quarter valued at approximately $55,660,000. First Trust Advisors LP bought a new stake in shares of Miami International during the 3rd quarter worth $843,000. Legal & General Group Plc bought a new stake in shares of Miami International during the 3rd quarter worth $302,000. Franklin Resources Inc. acquired a new position in Miami International in the 3rd quarter valued at $17,403,000. Finally, Sei Investments Co. bought a new position in Miami International in the 3rd quarter worth $4,074,000.

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.