Miami International Holdings, Inc. (NYSE:MIAX) Short Interest Update

Miami International Holdings, Inc. (NYSE:MIAX) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 2,246,370 shares, a decrease of 33.8% from the March 31st total of 3,394,120 shares. Based on an average daily trading volume, of 1,385,158 shares, the short-interest ratio is presently 1.6 days. Approximately 2.5% of the shares of the company are short sold.

Insider Buying and Selling at Miami International

In related news, EVP Barbara J. Comly sold 29,667 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $43.64, for a total transaction of $1,294,667.88. Following the completion of the sale, the executive vice president owned 843,844 shares of the company’s stock, valued at $36,825,352.16. This represents a 3.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Judson Gray Teekell sold 2,700 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $40.00, for a total transaction of $108,000.00. Following the sale, the director directly owned 59,338 shares of the company’s stock, valued at approximately $2,373,520. This represents a 4.35% 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. Over the last quarter, insiders have sold 521,321 shares of company stock worth $21,837,057.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MIAX. T. Rowe Price Investment Management Inc. lifted its stake in shares of Miami International by 24.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,025,712 shares of the company’s stock worth $134,282,000 after acquiring an additional 595,096 shares during the period. Vanguard Group Inc. lifted its stake in shares of Miami International by 39.5% in the 4th quarter. Vanguard Group Inc. now owns 1,928,286 shares of the company’s stock worth $85,577,000 after acquiring an additional 545,770 shares during the period. Horizon Kinetics Asset Management LLC lifted its stake in shares of Miami International by 31.6% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 1,819,798 shares of the company’s stock worth $80,763,000 after acquiring an additional 437,395 shares during the period. Alyeska Investment Group L.P. lifted its stake in shares of Miami International by 1.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,286,086 shares of the company’s stock worth $57,076,000 after acquiring an additional 20,350 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Miami International by 178.8% in the 4th quarter. Invesco Ltd. now owns 1,278,966 shares of the company’s stock worth $56,761,000 after acquiring an additional 820,246 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MIAX shares. Zacks Research raised shares of Miami International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Rosenblatt Securities reaffirmed a “buy” rating and set a $59.00 price objective on shares of Miami International in a research report on Tuesday, April 7th. Wall Street Zen downgraded shares of Miami International from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Keefe, Bruyette & Woods began coverage on shares of Miami International in a research report on Wednesday, April 8th. They issued a “market perform” rating and a $40.00 target price for the company. Finally, Morgan Stanley upped their target price on shares of Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.60.

Miami International Stock Down 2.5%

NYSE MIAX traded down $1.20 on Thursday, hitting $46.44. The stock had a trading volume of 708,488 shares, compared to its average volume of 1,021,083. Miami International has a one year low of $28.63 and a one year high of $51.38. The stock has a market cap of $4.40 billion and a price-to-earnings ratio of 86.00. The company’s 50-day moving average is $41.61 and its two-hundred day moving average is $43.13.

Miami International (NYSE:MIAX) last posted its earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.41 by $0.11. The firm had revenue of $369.43 million during the quarter, compared to the consensus estimate of $121.13 million. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, sell-side analysts anticipate that Miami International will post 1.45 earnings per share for the current year.

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.