Miami International (NYSE:MIAX) EVP Sells $1,199,800.00 in Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Barbara Comly sold 28,000 shares of Miami International stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $42.85, for a total value of $1,199,800.00. Following the completion of the transaction, the executive vice president owned 843,844 shares in the company, valued at $36,158,715.40. This trade represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Price Performance

Shares of MIAX stock traded down $0.60 during midday trading on Thursday, hitting $39.73. The company had a trading volume of 1,614,484 shares, compared to its average volume of 1,325,189. The company’s 50 day simple moving average is $45.98 and its 200 day simple moving average is $43.97. Miami International Holdings, Inc. has a 52-week low of $28.63 and a 52-week high of $57.14. The stock has a market cap of $3.77 billion and a price-to-earnings ratio of 41.38.

Miami International (NYSE:MIAX) last posted its earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The firm had revenue of $369.69 million for the quarter, compared to analysts’ expectations of $122.74 million. The firm’s revenue for the quarter was up 40.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Analysts anticipate that Miami International Holdings, Inc. will post 1.53 EPS for the current year.

Wall Street Analysts Forecast Growth

MIAX has been the topic of a number of research analyst reports. Zacks Research raised Miami International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Weiss Ratings raised Miami International from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Morgan Stanley increased their price target on Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Keefe, Bruyette & Woods increased their price target on Miami International from $40.00 to $48.00 and gave the stock a “market perform” rating in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. increased their price target on Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.20.

Hedge Funds Weigh In On Miami International

Several hedge funds have recently modified their holdings of MIAX. Caprock Group LLC acquired a new position in shares of Miami International during the 3rd quarter valued at $376,000. JPMorgan Chase & Co. acquired a new position in shares of Miami International during the 3rd quarter valued at $32,679,000. Texas Yale Capital Corp. bought a new stake in shares of Miami International during the 3rd quarter worth $201,000. Vanguard Group Inc. bought a new stake in shares of Miami International during the 3rd quarter worth $55,660,000. Finally, Readystate Asset Management LP bought a new stake in shares of Miami International during the 3rd quarter worth $503,000.

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.