Miami International (NYSE:MIAX) Director Kurt Eckert Sells 37,917 Shares

Miami International Holdings, Inc. (NYSE:MIAX) Director Kurt Eckert sold 37,917 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $39.00, for a total transaction of $1,478,763.00. Following the completion of the sale, the director directly owned 142,375 shares of the company’s stock, valued at approximately $5,552,625. This represents a 21.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Miami International Price Performance

Shares of MIAX opened at $39.17 on Friday. The company has a 50-day simple moving average of $41.34 and a two-hundred day simple moving average of $42.54. The firm has a market capitalization of $3.59 billion and a PE ratio of 72.54. Miami International Holdings, Inc. has a one year low of $28.63 and a one year high of $51.38.

Miami International (NYSE:MIAX) last released its earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. The firm had revenue of $369.43 million during the quarter, compared to analysts’ expectations of $121.13 million. The business’s revenue was up 14.0% on a year-over-year basis.

Hedge Funds Weigh In On Miami International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of Miami International during the 3rd quarter worth approximately $17,684,000. Coastal Bridge Advisors LLC bought a new stake in Miami International in the third quarter worth $3,083,000. Victory Capital Management Inc. purchased a new stake in Miami International during the third quarter valued at $12,168,000. Federated Hermes Inc. purchased a new stake in Miami International during the third quarter valued at $10,065,000. Finally, Pekin Hardy Strauss Inc. bought a new position in Miami International during the third quarter valued at $1,033,000.

Analyst Ratings Changes

A number of brokerages have issued reports on MIAX. Rosenblatt Securities reiterated a “buy” rating and set a $59.00 price objective on shares of Miami International in a research note on Thursday, March 5th. Wall Street Zen raised shares of Miami International from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Miami International in a report on Monday, December 29th. Finally, Zacks Research downgraded shares of Miami International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Miami International currently has a consensus rating of “Hold” and a consensus target price of $48.00.

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.