Murray Stahl Buys 7,200 Shares of Miami International (NYSE:MIAX) Stock

Miami International Holdings, Inc. (NYSE:MIAX) Director Murray Stahl purchased 7,200 shares of Miami International stock in a transaction dated Wednesday, March 4th. The stock was acquired at an average price of $43.38 per share, for a total transaction of $312,336.00. Following the completion of the transaction, the director owned 4,633,842 shares in the company, valued at approximately $201,016,065.96. The trade was a 0.16% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Murray Stahl also recently made the following trade(s):

• On Monday, March 2nd, Murray Stahl sold 121,054 shares of Miami International stock. The shares were sold at an average price of $40.92, for a total transaction of $4,953,529.68.

Miami International Trading Down 3.4%

MIAX opened at $40.93 on Friday. The stock’s 50-day simple moving average is $42.29. Miami International Holdings, Inc. has a fifty-two week low of $28.63 and a fifty-two week high of $51.38. The firm has a market capitalization of $3.33 billion and a price-to-earnings ratio of 75.80.

Miami International (NYSE:MIAX) last issued 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 company had revenue of $369.43 million during the quarter, compared to analyst estimates of $121.13 million. The business’s quarterly revenue was up 14.0% compared to the same quarter last year.

Institutional Trading of Miami International

Hedge funds have recently added to or reduced their stakes in the business. Mad River Investors increased its holdings in shares of Miami International by 0.6% during the fourth quarter. Mad River Investors now owns 75,050 shares of the company’s stock valued at $3,331,000 after purchasing an additional 450 shares during the period. State of Wyoming bought a new position in Miami International in the 4th quarter valued at about $26,000. National Bank of Canada FI bought a new position in Miami International in the 3rd quarter valued at about $29,000. First Trust Advisors LP increased its stake in Miami International by 3.5% during the 4th quarter. First Trust Advisors LP now owns 21,671 shares of the company’s stock valued at $962,000 after buying an additional 733 shares during the period. Finally, Coastal Bridge Advisors LLC raised its position in shares of Miami International by 1.1% during the 4th quarter. Coastal Bridge Advisors LLC now owns 77,415 shares of the company’s stock worth $3,436,000 after buying an additional 850 shares in the last quarter.

Analyst Upgrades and Downgrades

MIAX has been the subject of a number of recent research reports. Wall Street Zen upgraded Miami International from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research downgraded shares of Miami International from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $59.00 price objective on shares of Miami International in a report on Thursday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Miami International in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.