Miami International (NYSE:MIAX) EVP Sells $520,080.00 in Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Edward Deitzel sold 11,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $47.28, for a total value of $520,080.00. Following the transaction, the executive vice president directly owned 116,221 shares in the company, valued at approximately $5,494,928.88. This represents a 8.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Edward Deitzel also recently made the following trade(s):

• On Wednesday, April 8th, Edward Deitzel sold 7,572 shares of Miami International stock. The shares were sold at an average price of $42.02, for a total value of $318,175.44.
• On Tuesday, April 7th, Edward Deitzel sold 4,763 shares of Miami International stock. The shares were sold at an average price of $42.00, for a total value of $200,046.00.

Miami International Stock Up 1.6%

Shares of NYSE MIAX traded up $0.76 during trading hours on Tuesday, reaching $48.07. 1,035,198 shares of the stock traded hands, compared to its average volume of 1,267,720. The company has a market capitalization of $4.56 billion and a P/E ratio of 89.03. Miami International Holdings, Inc. has a 52-week low of $28.63 and a 52-week high of $51.38. The company’s 50-day simple moving average is $41.61 and its two-hundred day simple moving average is $43.13.

Miami International (NYSE:MIAX) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. The firm had revenue of $369.43 million for the quarter, compared to analysts’ expectations of $121.13 million. Miami International’s revenue for the quarter was up 14.0% on a year-over-year basis. As a group, sell-side analysts forecast that Miami International Holdings, Inc. will post 1.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on MIAX shares. Rosenblatt Securities restated a “buy” rating and set a $59.00 price target on shares of Miami International in a research report on Tuesday, April 7th. Zacks Research upgraded shares of Miami International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Morgan Stanley upped their price target on shares of Miami International from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. Wall Street Zen lowered shares of Miami International from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Miami International in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Miami International currently has a consensus rating of “Moderate Buy” and an average price target of $47.60.

Hedge Funds Weigh In On Miami International

Several hedge funds and other institutional investors have recently modified their holdings of MIAX. Fifth Third Bancorp bought a new position in Miami International in the first quarter worth about $61,000. Atlas Wealth Partners LLC raised its stake in Miami International by 54.1% in the first quarter. Atlas Wealth Partners LLC now owns 37,707 shares of the company’s stock worth $1,468,000 after buying an additional 13,233 shares in the last quarter. New York State Teachers Retirement System bought a new stake in shares of Miami International during the first quarter valued at approximately $84,000. Mad River Investors grew its stake in Miami International by 8.3% in the first quarter. Mad River Investors now owns 81,250 shares of the company’s stock worth $3,162,000 after purchasing an additional 6,200 shares during the period. Finally, Atlas Brown Inc. purchased a new stake in Miami International in the first quarter worth $1,984,000.

Miami International Company 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.