Miami International (NYSE:MIAX) Director Judson Gray Teekell Sells 5,545 Shares

Miami International Holdings, Inc. (NYSE:MIAX) Director Judson Teekell sold 5,545 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $41.58, for a total transaction of $230,561.10. Following the completion of the transaction, the director directly owned 81,000 shares of the company’s stock, valued at $3,367,980. This represents a 6.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Judson Gray Teekell also recently made the following trade(s):

• On Wednesday, September 2nd, Judson Teekell sold 3,000 shares of Miami International stock. The shares were sold at an average price of $40.89, for a total transaction of $122,670.00.
• On Tuesday, August 4th, Judson Teekell sold 3,000 shares of Miami International stock. The shares were sold at an average price of $45.79, for a total value of $137,370.00.
• On Thursday, July 2nd, Judson Teekell sold 3,000 shares of Miami International stock. The stock was sold at an average price of $40.00, for a total value of $120,000.00.

Miami International Stock Performance

NYSE:MIAX traded down $0.21 during trading hours on Friday, hitting $42.50. 804,726 shares of the company’s stock traded hands, compared to its average volume of 1,519,371. The firm has a market cap of $4.22 billion and a P/E ratio of 55.20. Miami International Holdings, Inc. has a twelve month low of $34.02 and a twelve month high of $57.14. The stock’s fifty day moving average price is $42.72 and its two-hundred day moving average price is $43.05.

Miami International (NYSE:MIAX) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.07. Miami International had a return on equity of 16.95% and a net margin of 9.70%.The firm had revenue of $387.63 million during the quarter. During the same period in the prior year, the company posted $0.48 earnings per share. The firm’s revenue was up 34.8% on a year-over-year basis. On average, equities research analysts predict that Miami International Holdings, Inc. will post 1.7 earnings per share for the current year.

Institutional Trading of Miami International

Large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in Miami International in the 2nd quarter valued at $188,466,000. T. Rowe Price Investment Management Inc. boosted its holdings in Miami International by 24.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,025,712 shares of the company’s stock valued at $134,282,000 after acquiring an additional 595,096 shares during the period. Vanguard Group Inc. grew its position in shares of Miami International by 39.5% in the fourth quarter. Vanguard Group Inc. now owns 1,928,286 shares of the company’s stock valued at $85,577,000 after purchasing an additional 545,770 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its position in shares of Miami International by 31.6% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 1,819,798 shares of the company’s stock worth $80,763,000 after purchasing an additional 437,395 shares during the last quarter. Finally, J Digital 6 LLC bought a new stake in Miami International during the 2nd quarter valued at approximately $67,157,000.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MIAX. Keefe, Bruyette & Woods lifted their price target on Miami International from $46.00 to $48.00 and gave the company a “market perform” rating in a report on Friday, August 7th. Rosenblatt Securities raised their price objective on shares of Miami International from $61.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. lifted their target price on shares of Miami International from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Wall Street Zen downgraded shares of Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, August 23rd. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Miami International has a consensus rating of “Hold” and an average target price of $51.40.

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.