20,000 Shares in Miami International Holdings, Inc. $MIAX Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB acquired a new stake in Miami International Holdings, Inc. (NYSE:MIAX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,000 shares of the company’s stock, valued at approximately $743,000.

A number of other institutional investors also recently added to or reduced their stakes in MIAX. State of Wyoming acquired a new position in Miami International during the 4th quarter worth approximately $26,000. National Bank of Canada FI acquired a new stake in shares of Miami International in the 3rd quarter valued at approximately $29,000. Comerica Bank boosted its stake in shares of Miami International by 295.6% in the fourth quarter. Comerica Bank now owns 1,254 shares of the company’s stock valued at $56,000 after buying an additional 937 shares in the last quarter. Fifth Third Bancorp acquired a new position in Miami International during the first quarter worth $61,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Miami International during the fourth quarter worth $66,000.

Miami International Stock Down 3.2%

Miami International stock opened at $40.55 on Thursday. Miami International Holdings, Inc. has a 52 week low of $31.60 and a 52 week high of $57.14. The firm’s 50-day simple moving average is $41.84 and its 200 day simple moving average is $42.95. The firm has a market capitalization of $4.02 billion and a PE ratio of 52.66.

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

Insiders Place Their Bets

In other news, EVP Harish Jayabalan sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $45.90, for a total transaction of $918,000.00. Following the completion of the transaction, the executive vice president directly owned 78,065 shares of the company’s stock, valued at $3,583,183.50. This trade represents a 20.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Edward Deitzel sold 11,000 shares of Miami International stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $45.78, for a total value of $503,580.00. Following the transaction, the executive vice president owned 119,601 shares of the company’s stock, valued at $5,475,333.78. This represents a 8.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 647,508 shares of company stock valued at $27,701,038. Corporate insiders own 15.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on MIAX shares. Morgan Stanley raised their target price on Miami International from $50.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Zacks Research cut shares of Miami International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Wall Street Zen raised shares of Miami International from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings restated a “hold (c)” rating on shares of Miami International in a research report on Friday, August 7th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Miami International from $46.00 to $48.00 and gave the company a “market perform” rating in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $52.00.

Miami International Profile

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.