Miami International (NYSE:MIAX) Director Sells $206,587.50 in Stock

Miami International Holdings, Inc. (NYSE:MIAX) Director Kurt Eckert sold 5,250 shares of Miami International stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $39.35, for a total transaction of $206,587.50. Following the sale, the director owned 149,612 shares in the company, valued at $5,887,232.20. This represents a 3.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Stock Performance

NYSE MIAX traded up $1.75 during trading hours on Tuesday, hitting $43.61. The company had a trading volume of 2,183,781 shares, compared to its average volume of 1,602,494. Miami International Holdings, Inc. has a 1-year low of $28.63 and a 1-year high of $57.14. The company has a market cap of $4.14 billion and a PE ratio of 45.42. The business has a 50 day moving average of $44.82 and a 200-day moving average of $43.06.

Miami International (NYSE:MIAX) last posted its earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The firm had revenue of $369.69 million for the quarter, compared to analyst estimates of $122.74 million. During the same quarter last year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was up 40.0% on a year-over-year basis. Sell-side analysts expect that Miami International Holdings, Inc. will post 1.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Zacks Research downgraded Miami International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Morgan Stanley upped their price target on shares of Miami International from $48.00 to $50.00 and gave the company 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 note on Monday, May 11th. Rosenblatt Securities raised their price objective 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. Finally, Keefe, Bruyette & Woods lifted their price objective 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. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $51.20.

Institutional Investors Weigh In On Miami International

Large investors have recently modified their holdings of the stock. Mad River Investors lifted its holdings in shares of Miami International by 0.6% during the fourth quarter. Mad River Investors now owns 75,050 shares of the company’s stock worth $3,331,000 after purchasing an additional 450 shares during the period. State of Wyoming purchased a new position in Miami International during the 4th quarter worth $26,000. National Bank of Canada FI purchased a new position in Miami International during the 3rd quarter worth $29,000. First Trust Advisors LP lifted its stake in shares of Miami International by 3.5% in the 4th quarter. First Trust Advisors LP now owns 21,671 shares of the company’s stock worth $962,000 after acquiring an additional 733 shares during the period. Finally, Coastal Bridge Advisors LLC raised its holdings in Miami International by 1.1% during the fourth quarter. Coastal Bridge Advisors LLC now owns 77,415 shares of the company’s stock worth $3,436,000 after purchasing an additional 850 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.