Douglas Schafer, Jr. Sells 48,000 Shares of Miami International (NYSE:MIAX) Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Douglas Schafer, Jr. sold 48,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $45.71, for a total value of $2,194,080.00. Following the completion of the transaction, the executive vice president directly owned 387,414 shares of the company’s stock, valued at approximately $17,708,693.94. This trade represents a 11.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Stock Performance

Shares of MIAX stock traded down $0.58 during trading hours on Thursday, reaching $45.38. The company had a trading volume of 1,947,036 shares, compared to its average volume of 1,552,097. The firm has a market cap of $4.31 billion and a PE ratio of 47.27. The business has a fifty day moving average price of $41.66 and a 200-day moving average price of $42.92. Miami International Holdings, Inc. has a one year low of $28.63 and a one year high of $57.14.

Miami International (NYSE:MIAX) last posted its earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. The company had revenue of $387.63 million during the quarter. The company’s revenue for the quarter was up 34.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 earnings per share. Equities research analysts forecast that Miami International Holdings, Inc. will post 1.59 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Morgan Stanley upped their target price on shares of Miami International from $50.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, July 10th. JPMorgan Chase & Co. boosted their price objective on shares of Miami International from $41.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings raised Miami International from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Rosenblatt Securities lifted their target price on Miami International from $61.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $52.00.

Institutional Investors Weigh In On Miami International

Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in shares of Miami International in the second quarter worth about $8,190,000. Focus Partners Advisor Solutions LLC purchased a new position in Miami International during the 2nd quarter valued at approximately $5,081,000. State of Wyoming purchased a new position in Miami International during the 2nd quarter valued at approximately $346,000. Handelsbanken Fonder AB bought a new stake in Miami International in the 2nd quarter worth approximately $743,000. Finally, Sapient Capital LLC purchased a new stake in shares of Miami International during the 2nd quarter worth approximately $989,000.

Miami International Company 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.