Barbara Comly Sells 28,000 Shares of Miami International (NYSE:MIAX) Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Barbara Comly sold 28,000 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $41.22, for a total value of $1,154,160.00. Following the completion of the transaction, the executive vice president directly owned 882,984 shares in the company, valued at approximately $36,396,600.48. This represents a 3.07% decrease in their position. The transaction was disclosed in a document filed 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 Up 4.2%

NYSE:MIAX traded up $1.75 on Tuesday, hitting $43.61. The stock had a trading volume of 2,183,781 shares, compared to its average volume of 1,602,494. The business’s 50-day simple moving average is $44.82 and its two-hundred day simple moving average is $43.06. The stock has a market cap of $4.14 billion and a price-to-earnings ratio of 45.42. Miami International Holdings, Inc. has a 52-week low of $28.63 and a 52-week high of $57.14.

Miami International (NYSE:MIAX) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The business had revenue of $369.69 million during the quarter, compared to the consensus estimate of $122.74 million. Miami International’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same quarter last year, the company earned $0.38 EPS. As a group, equities research analysts anticipate that Miami International Holdings, Inc. will post 1.53 EPS for the current year.

Institutional Investors Weigh In On Miami International

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. bought a new stake in shares of Miami International in the 3rd quarter worth about $55,660,000. Alyeska Investment Group L.P. bought a new stake in shares of Miami International during the 3rd quarter worth approximately $50,959,000. Invesco Ltd. boosted its holdings in Miami International by 178.8% during the 4th quarter. Invesco Ltd. now owns 1,278,966 shares of the company’s stock valued at $56,761,000 after acquiring an additional 820,246 shares during the period. JPMorgan Chase & Co. purchased a new position in Miami International during the 3rd quarter valued at $32,679,000. Finally, North Reef Capital Management LP bought a new position in Miami International in the 3rd quarter valued at $29,221,000.

Analysts Set New Price Targets

MIAX has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their target price on Miami International from $40.00 to $48.00 and gave the company a “market perform” rating in a research report on Friday, May 8th. Weiss Ratings upgraded Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Wall Street Zen cut Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Rosenblatt Securities boosted their price objective on Miami International from $59.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Morgan Stanley increased their target price on shares of Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $51.20.

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.