27,965 Shares in Miami International Holdings, Inc. $MIAX Acquired by one8zero8 LLC

one8zero8 LLC purchased a new stake in shares of Miami International Holdings, Inc. (NYSE:MIAX) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 27,965 shares of the company’s stock, valued at approximately $1,039,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets acquired a new position in Miami International in the 4th quarter valued at $8,477,000. Vanguard Group Inc. grew its position in shares of Miami International by 39.5% in the fourth quarter. Vanguard Group Inc. now owns 1,928,286 shares of the company’s stock valued at $85,577,000 after purchasing an additional 545,770 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Miami International in the first quarter worth about $5,834,000. Renaissance Technologies LLC boosted its stake in Miami International by 39.2% during the 1st quarter. Renaissance Technologies LLC now owns 271,500 shares of the company’s stock valued at $10,567,000 after purchasing an additional 76,401 shares during the period. Finally, Seven Grand Managers LLC grew its holdings in Miami International by 33.3% in the 4th quarter. Seven Grand Managers LLC now owns 400,000 shares of the company’s stock valued at $17,752,000 after buying an additional 100,000 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Zacks Research downgraded shares of Miami International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Keefe, Bruyette & Woods upped their target price on shares of Miami International from $46.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, August 7th. Wall Street Zen raised shares of Miami International from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Miami International in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $52.00.

Miami International Stock Down 3.2%

Miami International stock opened at $40.55 on Thursday. The business has a 50 day moving average price of $41.84 and a two-hundred day moving average price of $42.95. Miami International Holdings, Inc. has a 12 month low of $31.60 and a 12 month high of $57.14. The stock has a market cap of $4.02 billion and a price-to-earnings ratio of 52.66.

Miami International (NYSE:MIAX) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.07. The company had revenue of $387.63 million for the quarter. Miami International had a return on equity of 16.95% and a net margin of 9.70%.Miami International’s revenue for the quarter was up 34.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 EPS. On average, analysts expect that Miami International Holdings, Inc. will post 1.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Miami International news, CEO Thomas P. Gallagher sold 70,000 shares of Miami International stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $42.36, for a total transaction of $2,965,200.00. Following the sale, the chief executive officer owned 1,723,275 shares in the company, valued at $72,997,929. The trade was a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Barbara J. Comly sold 44,445 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $45.69, for a total transaction of $2,030,692.05. Following the completion of the sale, the executive vice president directly owned 882,984 shares in the company, valued at $40,343,538.96. This trade represents a 4.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 647,508 shares of company stock valued at $27,701,038 over the last ninety days. 15.60% of the stock is owned by company insiders.

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.