12,500 Shares in Miami International Holdings, Inc. $MIAX Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Miami International Holdings, Inc. (NYSE:MIAX) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,500 shares of the company’s stock, valued at approximately $555,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Miami International during the 3rd quarter worth about $17,684,000. Coastal Bridge Advisors LLC bought a new stake in shares of Miami International during the 3rd quarter worth about $3,083,000. Pekin Hardy Strauss Inc. bought a new stake in shares of Miami International during the 3rd quarter worth about $1,033,000. Victory Capital Management Inc. bought a new stake in shares of Miami International during the 3rd quarter worth about $12,168,000. Finally, Federated Hermes Inc. bought a new stake in shares of Miami International during the 3rd quarter worth about $10,065,000.

Wall Street Analyst Weigh In

Several analysts recently commented on MIAX shares. Morgan Stanley lifted 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. Rosenblatt Securities reaffirmed a “buy” rating and set a $59.00 target price on shares of Miami International in a report on Tuesday, April 7th. Wall Street Zen downgraded shares of Miami International from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Zacks Research raised shares of Miami International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Miami International in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Miami International presently has an average rating of “Moderate Buy” and an average target price of $47.60.

Miami International Stock Down 0.1%

NYSE MIAX opened at $47.13 on Monday. The company has a market capitalization of $4.47 billion and a P/E ratio of 87.27. Miami International Holdings, Inc. has a 12-month low of $28.63 and a 12-month high of $51.38. The firm has a 50-day moving average price of $41.61 and a two-hundred day moving average price of $43.13.

Miami International (NYSE:MIAX) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. The business had revenue of $369.43 million during the quarter, compared to the consensus estimate of $121.13 million. Miami International’s quarterly revenue was up 14.0% on a year-over-year basis. Equities analysts expect that Miami International Holdings, Inc. will post 1.45 EPS for the current year.

Insider Buying and Selling

In other news, EVP Douglas M. Schafer, Jr. sold 48,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $39.74, for a total value of $1,907,520.00. Following the completion of the transaction, the executive vice president directly owned 396,681 shares in the company, valued at approximately $15,764,102.94. The trade was a 10.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kurt M. Eckert sold 37,917 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $39.00, for a total transaction of $1,478,763.00. Following the completion of the transaction, the director owned 142,375 shares of the company’s stock, valued at $5,552,625. The trade was a 21.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 521,321 shares of company stock worth $21,837,057.

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.