Miami International (NYSE:MIAX) EVP Sells $280,000.00 in Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Douglas Schafer, Jr. sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $35.00, for a total value of $280,000.00. Following the sale, the executive vice president owned 387,414 shares in the company, valued at $13,559,490. The trade was a 2.02% decrease in their position. The sale 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 Down 1.3%

Shares of MIAX traded down $0.46 during mid-day trading on Thursday, hitting $34.51. The stock had a trading volume of 1,103,934 shares, compared to its average volume of 1,567,046. The company has a market cap of $3.45 billion, a PE ratio of 12.78 and a beta of 1.73. The company’s fifty day simple moving average is $35.93 and its two-hundred day simple moving average is $41.20. Miami International Holdings, Inc. has a fifty-two week low of $29.06 and a fifty-two week high of $57.14.

Miami International (NYSE:MIAX) last posted 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 return on equity of 19.06% and a net margin of 19.75%. The business had revenue of $376.18 million for the quarter. During the same period in the prior year, the company posted $0.42 earnings per share. The business’s revenue was up 243.6% on a year-over-year basis. Equities analysts expect that Miami International Holdings, Inc. will post 1.76 earnings per share for the current year.

Institutional Investors Weigh In On Miami International

A number of institutional investors and hedge funds have recently bought and sold shares of MIAX. Atlas Wealth Partners LLC boosted its position in shares of Miami International by 1.7% during the 3rd quarter. Atlas Wealth Partners LLC now owns 39,190 shares of the company’s stock valued at $1,313,000 after purchasing an additional 660 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Miami International by 42.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,641 shares of the company’s stock worth $88,000 after purchasing an additional 785 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Miami International by 48.9% in the 1st quarter. SG Americas Securities LLC now owns 3,537 shares of the company’s stock worth $138,000 after purchasing an additional 1,162 shares in the last quarter. State of Wyoming raised its holdings in shares of Miami International by 15.5% in the 3rd quarter. State of Wyoming now owns 10,755 shares of the company’s stock worth $360,000 after purchasing an additional 1,442 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in Miami International during the first quarter valued at approximately $61,000.

Analyst Ratings Changes

MIAX has been the subject of a number of recent research reports. Rosenblatt Securities lowered their price objective on Miami International from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, October 27th. Weiss Ratings lowered shares of Miami International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, October 28th. Morgan Stanley decreased their price objective on shares of Miami International from $50.00 to $43.00 and set an “equal weight” rating for the company in a report on Friday, October 9th. Wall Street Zen lowered shares of Miami International from a “buy” rating to a “hold” rating in a research note on Sunday, August 23rd. Finally, Zacks Research cut Miami International from a “strong-buy” rating to a “hold” rating in a report on Monday, October 26th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.00.

About Miami International

Miami International Holdings, Inc (NYSE: MIAX) is a financial exchange operator that owns and manages regulated marketplaces for the trading of options and other securities. Through its exchange platforms, the company provides electronic trading, order matching, market data and related services to brokers, market makers, institutional investors and other market participants.

The company operates the MIAX exchange family, which includes MIAX, MIAX Pearl and MIAX Emerald, as well as related equities and options trading venues.