King Luther Capital Management Corp Buys Shares of 103,819 Miami International Holdings, Inc. $MIAX

King Luther Capital Management Corp bought a new stake in Miami International Holdings, Inc. (NYSE:MIAX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 103,819 shares of the company’s stock, valued at approximately $4,607,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Penn Capital Management Company LLC acquired a new position in Miami International in the 4th quarter valued at about $11,216,000. Royce & Associates LP acquired a new stake in shares of Miami International during the fourth quarter worth about $8,053,000. Mad River Investors increased its position 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 worth $3,331,000 after acquiring an additional 450 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Miami International during the fourth quarter worth $876,000. Finally, HighTower Advisors LLC raised its holdings in Miami International by 19.3% in the fourth quarter. HighTower Advisors LLC now owns 6,172 shares of the company’s stock valued at $274,000 after acquiring an additional 997 shares in the last quarter.

Insider Activity at Miami International

In other Miami International news, Director Murray Stahl sold 121,054 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $40.92, for a total transaction of $4,953,529.68. Following the sale, the director directly owned 4,689,466 shares of the company’s stock, valued at $191,892,948.72. This trade represents a 2.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Douglas M. Schafer, Jr. sold 48,000 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $39.74, for a total transaction of $1,907,520.00. Following the sale, the executive vice president directly owned 396,681 shares in the company, valued at $15,764,102.94. This represents a 10.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 722,175 shares of company stock valued at $31,648,266 in the last ninety days.

Analyst Ratings Changes

Several brokerages have recently weighed in on MIAX. JPMorgan Chase & Co. raised their target price on Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings upgraded Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Zacks Research raised shares of Miami International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Morgan Stanley raised their price objective 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. Finally, Wall Street Zen cut Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.20.

Miami International Stock Performance

Miami International stock opened at $47.81 on Friday. The stock has a fifty day moving average of $45.59 and a two-hundred day moving average of $44.12. The company has a market capitalization of $4.54 billion and a price-to-earnings ratio of 49.81. Miami International Holdings, Inc. has a fifty-two week low of $28.63 and a fifty-two week high of $57.14.

Miami International (NYSE:MIAX) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $369.69 million for the quarter, compared to analysts’ expectations of $122.74 million. The business’s quarterly revenue was up 40.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 EPS. On average, analysts forecast that Miami International Holdings, Inc. will post 1.53 EPS for the current fiscal year.

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.