Miami International (NYSE:MIAX) EVP Barbara Comly Sells 23,339 Shares of Company Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Barbara Comly sold 23,339 shares of Miami International stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $35.10, for a total transaction of $819,198.90. Following the completion of the transaction, the executive vice president directly owned 839,564 shares in the company, valued at $29,468,696.40. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Price Performance

MIAX stock opened at $34.98 on Thursday. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 18.11 and a beta of 1.73. The company has a fifty day moving average price of $35.93 and a 200 day moving average price of $41.20. Miami International Holdings, Inc. has a 12 month low of $29.06 and a 12 month high of $57.14.

Miami International (NYSE:MIAX) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $376.18 million for the quarter. Miami International had a net margin of 19.75% and a return on equity of 19.06%. The company’s revenue for the quarter was up 243.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 earnings per share. As a group, analysts anticipate that Miami International Holdings, Inc. will post 1.76 earnings per share for the current year.

Hedge Funds Weigh In On Miami International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. purchased a new position in Miami International during the 2nd quarter worth $5,618,000. HighTower Advisors LLC lifted its stake in shares of Miami International by 290.6% in the 2nd quarter. HighTower Advisors LLC now owns 112,298 shares of the company’s stock worth $4,173,000 after acquiring an additional 83,547 shares during the period. Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of Miami International in the second quarter valued at about $8,313,249. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Miami International in the first quarter valued at about $5,834,000. Finally, J Digital 6 LLC acquired a new position in shares of Miami International during the second quarter worth about $67,157,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Rosenblatt Securities decreased their target price on shares of Miami International from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, October 27th. Zacks Research cut Miami International from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Wall Street Zen downgraded Miami International from a “buy” rating to a “hold” rating in a research note on Sunday, August 23rd. Keefe, Bruyette & Woods upped their price objective on Miami International from $46.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, August 7th. Finally, Morgan Stanley decreased their price objective on Miami International from $50.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $49.00.

About Miami International

Miami International Holdings, Inc (NYSE: MIAX) is a financial exchange operator that owns and manages regulated marketplaces for the trading of options and other securities. Through its exchange platforms, the company provides electronic trading, order matching, market data and related services to brokers, market makers, institutional investors and other market participants.

The company operates the MIAX exchange family, which includes MIAX, MIAX Pearl and MIAX Emerald, as well as related equities and options trading venues.