Miami International (NYSE:MIAX) EVP Edward Deitzel Sells 4,763 Shares of Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Edward Deitzel sold 4,763 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $42.00, for a total transaction of $200,046.00. Following the completion of the transaction, the executive vice president directly owned 116,221 shares of the company’s stock, valued at $4,881,282. This represents a 3.94% 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.

Edward Deitzel also recently made the following trade(s):

• On Wednesday, April 8th, Edward Deitzel sold 7,572 shares of Miami International stock. The stock was sold at an average price of $42.02, for a total transaction of $318,175.44.

Miami International Stock Performance

Miami International stock opened at $41.25 on Friday. The company has a 50 day moving average price of $40.50 and a 200 day moving average price of $42.78. Miami International Holdings, Inc. has a 52 week low of $28.63 and a 52 week high of $51.38. The firm has a market capitalization of $3.78 billion and a price-to-earnings ratio of 76.39.

Miami International (NYSE:MIAX) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 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 analyst estimates of $121.13 million. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis.

Analysts Set New Price Targets

MIAX has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Keefe, Bruyette & Woods initiated coverage on shares of Miami International in a research note on Wednesday. They set a “market perform” rating and a $40.00 target price for the company. Rosenblatt Securities reissued a “buy” rating and set a $59.00 target price on shares of Miami International in a research note on Tuesday. Weiss Ratings reissued a “sell (d+)” rating on shares of Miami International in a research note on Friday, March 27th. Finally, Wall Street Zen lowered shares of Miami International from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $47.20.

Miami International News Summary

Here are the key news stories impacting Miami International this week:

• Positive Sentiment: Rosenblatt Securities reiterated a Buy rating and kept a $59 price target, a bullish signal that supports upside versus the street consensus and may attract investors who follow growth-oriented research. Rosenblatt Reaffirms Buy
• Neutral Sentiment: Miami International announced the passing of board member Murray Stahl. This is likely a governance/operational development rather than a direct business impact, though it creates a short-term vacancy on the board. Company Announcement
• Negative Sentiment: Multiple sizeable insider sales by EVPs (Shelly Brown and Edward Deitzel) occurred April 6–8, totaling tens of thousands of shares across several filings. While these were executed under pre-arranged Rule 10b5-1 plans (which reduces the implication of opportunistic timing), the volume and frequency can create downward pressure or investor concern in the near term. Shelly Brown SEC Filing Edward Deitzel SEC Filing
• Negative Sentiment: Keefe, Bruyette & Woods initiated coverage with a Market Perform rating and a $40 price target (below current levels), which can weigh on sentiment among investors seeking analyst-driven momentum. KBW Coverage

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. raised its holdings in shares of Miami International by 24.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,025,712 shares of the company’s stock valued at $134,282,000 after purchasing an additional 595,096 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Miami International by 39.5% during the 4th 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 in the last quarter. Horizon Kinetics Asset Management LLC raised its holdings 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 valued at $80,763,000 after purchasing an additional 437,395 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of Miami International by 1.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,286,086 shares of the company’s stock valued at $57,076,000 after purchasing an additional 20,350 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Miami International by 178.8% during the 4th quarter. Invesco Ltd. now owns 1,278,966 shares of the company’s stock valued at $56,761,000 after purchasing an additional 820,246 shares in the last quarter.

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.