One Charles Private Wealth Services LLC Acquires Shares of 118,419 Miami International Holdings, Inc. $MIAX

One Charles Private Wealth Services LLC purchased a new position in shares of Miami International Holdings, Inc. (NYSE:MIAX) during the second quarter, Holdings Channel reports. The institutional investor purchased 118,419 shares of the company’s stock, valued at approximately $4,400,000. Miami International comprises 1.0% of One Charles Private Wealth Services LLC’s holdings, making the stock its 23rd biggest holding.

Several other large investors have also recently made changes to their positions in MIAX. Mad River Investors boosted its stake in Miami International by 0.6% in the fourth quarter. Mad River Investors now owns 75,050 shares of the company’s stock valued at $3,331,000 after acquiring an additional 450 shares during the last quarter. State of Wyoming bought a new stake in shares of Miami International in the 4th quarter worth approximately $26,000. National Bank of Canada FI bought a new position in Miami International during the third quarter valued at $29,000. First Trust Advisors LP increased its position in Miami International by 3.5% in the fourth quarter. First Trust Advisors LP now owns 21,671 shares of the company’s stock worth $962,000 after buying an additional 733 shares during the last quarter. Finally, Coastal Bridge Advisors LLC raised its stake in shares of Miami International by 1.1% in the fourth quarter. Coastal Bridge Advisors LLC now owns 77,415 shares of the company’s stock valued at $3,436,000 after buying an additional 850 shares during the period.

Wall Street Analyst Weigh In

MIAX has been the subject of several recent research reports. Rosenblatt Securities lifted their price objective on Miami International from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wall Street Zen lowered shares of Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, August 23rd. Keefe, Bruyette & Woods raised their price objective on shares of Miami International from $46.00 to $48.00 and gave the stock a “market perform” rating in a report on Friday, August 7th. Morgan Stanley cut shares of Miami International from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $53.00 to $50.00 in a report on Tuesday, September 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Miami International in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $51.40.

Miami International Price Performance

Shares of NYSE:MIAX opened at $43.41 on Wednesday. Miami International Holdings, Inc. has a one year low of $35.43 and a one year high of $57.14. The firm has a market capitalization of $4.31 billion and a price-to-earnings ratio of 56.38. The company’s fifty day moving average price is $43.05 and its 200-day moving average price is $43.09.

Miami International (NYSE:MIAX) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, beating 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 for the quarter. During the same quarter last year, the company posted $0.48 earnings per share. Miami International’s revenue for the quarter was up 34.8% compared to the same quarter last year. As a group, equities research analysts expect that Miami International Holdings, Inc. will post 1.7 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Douglas Schafer, Jr. sold 48,000 shares of Miami International stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $41.22, for a total value of $1,978,560.00. Following the transaction, the executive vice president directly owned 387,414 shares of the company’s stock, valued at $15,969,205.08. The trade was a 11.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Barbara Comly sold 44,445 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $45.69, for a total transaction of $2,030,692.05. Following the transaction, the executive vice president directly owned 882,984 shares of the company’s stock, valued at approximately $40,343,538.96. This trade represents a 4.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 754,948 shares of company stock valued at $31,899,121 in the last ninety days. Company insiders own 15.60% of the company’s stock.

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.