Insider Selling: Miami International (NYSE:MIAX) Director Sells $206,587.50 in Stock

Miami International Holdings, Inc. (NYSE:MIAXGet Free Report) Director Kurt Eckert sold 5,250 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $39.35, for a total transaction of $206,587.50. Following the completion of the transaction, the director owned 149,612 shares of the company’s stock, valued at $5,887,232.20. This represents a 3.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Stock Performance

Shares of MIAX stock opened at $42.94 on Friday. The stock’s 50-day moving average is $44.59 and its two-hundred day moving average is $43.03. Miami International Holdings, Inc. has a 1 year low of $28.63 and a 1 year high of $57.14. The firm has a market cap of $4.08 billion and a price-to-earnings ratio of 44.73.

Miami International (NYSE:MIAXGet Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. The firm had revenue of $369.69 million during the quarter, compared to analysts’ expectations of $122.74 million. The firm’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. As a group, research analysts predict that Miami International Holdings, Inc. will post 1.53 EPS for the current year.

Hedge Funds Weigh In On Miami International

A number of hedge funds and other institutional investors have recently bought and sold shares of MIAX. State of Wyoming acquired a new position in Miami International in the 4th quarter valued at $26,000. National Bank of Canada FI acquired a new stake in shares of Miami International in the 3rd quarter worth $29,000. Comerica Bank lifted its stake in shares of Miami International by 295.6% in the 4th quarter. Comerica Bank now owns 1,254 shares of the company’s stock worth $56,000 after acquiring an additional 937 shares during the period. Fifth Third Bancorp purchased a new stake in shares of Miami International in the first quarter valued at about $61,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Miami International in the fourth quarter valued at about $66,000.

Key Headlines Impacting Miami International

Here are the key news stories impacting Miami International this week:

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MIAX shares. Weiss Ratings raised Miami International from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. JPMorgan Chase & Co. lifted their target price 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. Rosenblatt Securities upped their price target on shares of Miami International from $59.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Wall Street Zen cut shares of Miami International from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Keefe, Bruyette & Woods lifted their price objective 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. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.20.

View Our Latest Stock Analysis on MIAX

About Miami International

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Miami International (NYSE:MIAX)

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