Axiom Investors LLC DE Purchases Shares of 243,174 Miami International Holdings, Inc. $MIAX

Axiom Investors LLC DE purchased a new stake in Miami International Holdings, Inc. (NYSE:MIAX) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 243,174 shares of the company’s stock, valued at approximately $10,792,000.

Other large investors have also recently bought and sold shares of the company. State of Wyoming bought a new stake in shares of Miami International during the 4th quarter worth $26,000. National Bank of Canada FI bought a new stake in shares of Miami International during the 3rd quarter worth $29,000. Comerica Bank lifted its holdings in shares of Miami International by 295.6% during the 4th quarter. Comerica Bank now owns 1,254 shares of the company’s stock worth $56,000 after acquiring an additional 937 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Miami International during the 4th quarter worth $105,000. Finally, Strs Ohio bought a new stake in shares of Miami International during the 4th quarter worth $186,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MIAX. Zacks Research raised shares of Miami International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Keefe, Bruyette & Woods lifted their target price on shares of Miami International from $40.00 to $48.00 and gave the stock a “market perform” rating in a research report on Friday, May 8th. Morgan Stanley lifted their target price on shares of Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Weiss Ratings upgraded shares of Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Rosenblatt Securities lifted their target price on shares of Miami International from $59.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $51.20.

Insider Buying and Selling at Miami International

In other news, Director Judson Gray Teekell sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $42.78, for a total value of $128,340.00. Following the transaction, the director owned 71,014 shares in the company, valued at approximately $3,037,978.92. This represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Douglas M. Schafer, Jr. sold 48,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $42.84, for a total transaction of $2,056,320.00. Following the completion of the transaction, the executive vice president owned 396,681 shares in the company, valued at approximately $16,993,814.04. This represents a 10.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 782,371 shares of company stock valued at $34,406,566 over the last three months. 15.60% of the stock is currently owned by corporate insiders.

Miami International Trading Up 2.8%

MIAX stock opened at $39.81 on Wednesday. The firm’s 50-day moving average price is $46.06 and its two-hundred day moving average price is $43.77. Miami International Holdings, Inc. has a 12-month low of $28.63 and a 12-month high of $57.14. The stock has a market capitalization of $3.78 billion and a price-to-earnings ratio of 41.47.

Miami International (NYSE:MIAX) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating 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. During the same quarter in the prior year, the firm earned $0.38 EPS. Miami International’s quarterly revenue was up 40.0% compared to the same quarter last year. Equities analysts predict that Miami International Holdings, Inc. will post 1.53 EPS for the current year.

Miami International Profile

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.