Barbara Comly Sells 28,000 Shares of Miami International (NYSE:MIAX) Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Barbara Comly sold 28,000 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $47.26, for a total transaction of $1,323,280.00. Following the sale, the executive vice president owned 843,844 shares in the company, valued at approximately $39,880,067.44. This trade represents a 3.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Trading Up 1.6%

Shares of MIAX traded up $0.76 during midday trading on Tuesday, reaching $48.07. The stock had a trading volume of 1,035,198 shares, compared to its average volume of 1,267,720. The company’s 50-day moving average is $41.61 and its 200 day moving average is $43.13. Miami International Holdings, Inc. has a 12-month low of $28.63 and a 12-month high of $51.38. The company has a market capitalization of $4.56 billion and a price-to-earnings ratio of 89.03.

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

Analyst Ratings Changes

MIAX has been the subject of a number of research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $59.00 price objective on shares of Miami International in a report on Tuesday, April 7th. Morgan Stanley lifted their target price on shares of Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Miami International in a research report on Friday, March 27th. Keefe, Bruyette & Woods began coverage on shares of Miami International in a research report on Wednesday, April 8th. They issued a “market perform” rating and a $40.00 target price on the stock. Finally, Zacks Research upgraded shares of Miami International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.60.

Institutional Investors Weigh In On Miami International

Institutional investors and hedge funds have recently bought and sold shares of the business. State of Wyoming purchased a new stake in Miami International in the 4th quarter worth approximately $26,000. National Bank of Canada FI purchased a new stake in Miami International in the 3rd quarter worth approximately $29,000. Comerica Bank lifted its holdings in 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 buying an additional 937 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Miami International in the 4th quarter worth approximately $66,000. Finally, Fifth Third Bancorp bought a new stake in shares of Miami International during the 1st quarter valued at about $61,000.

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.