Miami International Holdings, Inc. $MIAX Stock Bought by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC increased its stake in shares of Miami International Holdings, Inc. (NYSE:MIAX) by 127.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,185 shares of the company’s stock after purchasing an additional 73,385 shares during the quarter. EagleClaw Capital Managment LLC owned approximately 0.13% of Miami International worth $4,395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Miami International in the second quarter valued at approximately $188,466,000. J Digital 6 LLC bought a new stake in shares of Miami International during the second quarter worth $67,157,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Miami International by 19.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,112,261 shares of the company’s stock worth $43,790,000 after buying an additional 180,208 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Miami International by 196.5% during the first quarter. Bank of America Corp DE now owns 900,882 shares of the company’s stock worth $35,062,000 after buying an additional 597,021 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Miami International by 1,646.6% during the second quarter. NewEdge Advisors LLC now owns 681,610 shares of the company’s stock worth $25,329,000 after buying an additional 642,585 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MIAX. Morgan Stanley cut their price objective on Miami International from $50.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, October 9th. Keefe, Bruyette & Woods boosted their price objective on Miami International from $46.00 to $48.00 and gave the stock a “market perform” rating in a research report on Friday, August 7th. Zacks Research cut Miami International from a “strong-buy” rating to a “hold” rating in a report on Monday, October 26th. Wall Street Zen cut Miami International from a “buy” rating to a “hold” rating in a report on Sunday, August 23rd. Finally, Weiss Ratings upgraded Miami International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $49.00.

Miami International Price Performance

NYSE:MIAX opened at $37.02 on Friday. The firm’s 50 day simple moving average is $34.95 and its 200 day simple moving average is $40.94. Miami International Holdings, Inc. has a one year low of $29.06 and a one year high of $57.14. The company has a market cap of $3.70 billion, a PE ratio of 19.29 and a beta of 1.73.

Miami International (NYSE:MIAX) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. Miami International had a net margin of 19.75% and a return on equity of 19.06%. The firm had revenue of $376.18 million during the quarter. During the same quarter last year, the company posted $0.42 earnings per share. The company’s revenue was up 243.6% compared to the same quarter last year. Equities research analysts expect that Miami International Holdings, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling at Miami International

In related news, EVP Douglas Schafer, Jr. sold 48,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $40.48, for a total value of $1,943,040.00. Following the sale, the executive vice president owned 387,414 shares of the company’s stock, valued at $15,682,518.72. The trade was a 11.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Barbara Comly sold 56,022 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $35.07, for a total transaction of $1,964,691.54. Following the completion of the sale, the executive vice president directly owned 839,564 shares in the company, valued at approximately $29,443,509.48. This represents a 6.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 517,574 shares of company stock worth $20,002,691 in the last three months. 15.60% of the stock is currently owned by company insiders.

Miami International Profile

Miami International Holdings, Inc. (MIAX) operates financial exchanges and provides trading technology and related services. Its U.S. platforms include options exchanges and an equities exchange, serving market participants such as broker-dealers, institutional investors and trading firms. The company also operates MIAX Futures, which offers futures and options contracts, and owns the Bermuda Stock Exchange. Its businesses serve U.S. markets as well as participants in Bermuda and other international markets.