Miami International (NYSE:MIAX) EVP Edward Deitzel Sells 11,000 Shares

Miami International Holdings, Inc. (NYSE:MIAX) EVP Edward Deitzel sold 11,000 shares of Miami International stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $45.78, for a total value of $503,580.00. Following the sale, the executive vice president directly owned 119,601 shares in the company, valued at approximately $5,475,333.78. This trade represents a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, July 6th, Edward Deitzel sold 11,000 shares of Miami International stock. The shares were sold at an average price of $42.04, for a total value of $462,440.00.
• On Tuesday, June 2nd, Edward Deitzel sold 11,000 shares of Miami International stock. The stock was sold at an average price of $42.16, for a total value of $463,760.00.

Miami International Stock Performance

Shares of NYSE:MIAX traded down $0.58 during trading on Thursday, hitting $45.38. 1,947,036 shares of the stock were exchanged, compared to its average volume of 1,552,097. The company has a market capitalization of $4.31 billion and a price-to-earnings ratio of 47.27. Miami International Holdings, Inc. has a 1-year low of $28.63 and a 1-year high of $57.14. The company’s fifty day simple moving average is $41.66 and its 200-day simple moving average is $42.92.

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

Hedge Funds Weigh In On Miami International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MIAX. Vanguard Group Inc. bought a new stake in Miami International during the third quarter worth about $55,660,000. First Trust Advisors LP bought a new position in shares of Miami International in the third quarter valued at approximately $843,000. Legal & General Group Plc acquired a new position in shares of Miami International in the 3rd quarter worth approximately $302,000. Franklin Resources Inc. acquired a new position in shares of Miami International in the 3rd quarter worth approximately $17,403,000. Finally, Sei Investments Co. bought a new stake in Miami International during the 3rd quarter worth approximately $4,074,000.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MIAX shares. JPMorgan Chase & Co. raised their price objective on shares of Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Keefe, Bruyette & Woods upped their target price on shares of Miami International from $40.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, May 8th. Morgan Stanley increased their price target on shares of Miami International from $50.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Rosenblatt Securities lifted their price objective on Miami International from $61.00 to $62.00 and gave the company a “buy” rating in a report on Thursday. Finally, Zacks Research lowered Miami International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $52.00.

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.