Quantinno Capital Management LP Invests $2.16 Million in Miami International Holdings, Inc. $MIAX

Quantinno Capital Management LP purchased a new stake in Miami International Holdings, Inc. (NYSE:MIAX) in the 1st quarter, Holdings Channel reports. The firm purchased 55,487 shares of the company’s stock, valued at approximately $2,160,000.

Several other hedge funds have also added to or reduced their stakes in the business. Delta Global Management LP increased its holdings in shares of Miami International by 3.1% in the first quarter. Delta Global Management LP now owns 287,659 shares of the company’s stock worth $11,196,000 after acquiring an additional 8,630 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of Miami International in the 1st quarter valued at approximately $1,560,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Miami International by 2.5% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 240,000 shares of the company’s stock worth $9,341,000 after purchasing an additional 5,756 shares in the last quarter. Renaissance Technologies LLC increased its stake in Miami International by 39.2% during the 1st quarter. Renaissance Technologies LLC now owns 271,500 shares of the company’s stock worth $10,567,000 after purchasing an additional 76,401 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Miami International during the 1st quarter worth approximately $5,834,000.

Insider Buying and Selling

In related news, Director Judson Gray Teekell sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $45.79, for a total transaction of $137,370.00. Following the transaction, the director directly owned 72,251 shares in the company, valued at approximately $3,308,373.29. The trade was a 3.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Edward Deitzel sold 11,000 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $45.78, for a total transaction of $503,580.00. Following the completion of the sale, the executive vice president owned 119,601 shares of the company’s stock, valued at approximately $5,475,333.78. This represents a 8.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 682,508 shares of company stock worth $29,673,638 in the last quarter. 15.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Miami International from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Rosenblatt Securities raised their price objective on shares of Miami International from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. increased their target price on Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Miami International in a research note on Friday. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Miami International presently has an average rating of “Hold” and an average price target of $52.00.

Miami International Stock Performance

NYSE:MIAX opened at $43.62 on Tuesday. Miami International Holdings, Inc. has a 52-week low of $28.63 and a 52-week high of $57.14. The company has a market cap of $4.14 billion and a P/E ratio of 56.65. The stock’s 50-day simple moving average is $41.50 and its 200 day simple moving average is $42.94.

Miami International (NYSE:MIAX) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.41 by $0.07. The firm had revenue of $387.63 million during the quarter. Miami International had a return on equity of 17.98% and a net margin of 9.70%.The business’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same period last year, the company posted $0.48 earnings per share. As a group, equities analysts predict that Miami International Holdings, Inc. will post 1.67 earnings per share for the current fiscal year.

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.