Miami International (NYSE:MIAX) CEO Thomas Gallagher Sells 54,229 Shares

Miami International Holdings, Inc. (NYSE:MIAX) CEO Thomas Gallagher sold 54,229 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $47.26, for a total value of $2,562,862.54. Following the completion of the transaction, the chief executive officer directly owned 1,723,275 shares of the company’s stock, valued at approximately $81,441,976.50. This trade represents a 3.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Stock Up 0.9%

Shares of MIAX stock opened at $47.72 on Wednesday. Miami International Holdings, Inc. has a 52-week low of $28.63 and a 52-week high of $51.38. The stock has a market cap of $4.52 billion and a PE ratio of 88.36. The business has a 50-day simple moving average of $41.76 and a 200-day simple moving average of $43.16.

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

Analysts Set New Price Targets

MIAX has been the topic of a number of analyst reports. Keefe, Bruyette & Woods initiated coverage on shares of Miami International in a research note on Wednesday, April 8th. They set a “market perform” rating and a $40.00 price objective on the stock. Wall Street Zen cut shares of Miami International from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Miami International in a research note on Friday, March 27th. Morgan Stanley upped their price target on Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Finally, Zacks Research raised Miami International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $47.60.

Hedge Funds Weigh In On Miami International

A number of large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its holdings in Miami International by 19.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,112,261 shares of the company’s stock worth $43,790,000 after purchasing an additional 180,208 shares during the period. Bank of New York Mellon Corp raised its holdings in Miami International by 29.1% in the 1st quarter. Bank of New York Mellon Corp now owns 77,990 shares of the company’s stock worth $3,035,000 after purchasing an additional 17,572 shares during the period. Fifth Third Bancorp acquired a new position in Miami International in the 1st quarter worth about $61,000. Atlas Wealth Partners LLC raised its holdings in Miami International by 54.1% in the 1st quarter. Atlas Wealth Partners LLC now owns 37,707 shares of the company’s stock worth $1,468,000 after purchasing an additional 13,233 shares during the period. Finally, New York State Teachers Retirement System acquired a new position in Miami International in the 1st quarter worth about $84,000.

Key Headlines Impacting Miami International

Here are the key news stories impacting Miami International this week:

• Positive Sentiment: Q4 results and outlook remain supportive: MIAX reported an EPS beat and materially stronger revenue year-over-year, which underpins analyst estimates for continued earnings growth this year. MarketBeat MIAX report
• Neutral Sentiment: CEO Thomas P. Gallagher sold 54,229 shares at an average ~$47.26 under a pre-arranged 10b5-1 plan; he still holds a large stake (~1.72M shares). SEC filing
• Neutral Sentiment: EVP Douglas M. Schafer, Jr. sold 48,000 shares (~$47.25 avg) under a 10b5-1 plan, reducing his stake but leaving substantial ownership. SEC filing
• Neutral Sentiment: EVP Barbara J. Comly sold 28,000 shares (~$47.26 avg) under a 10b5-1 plan; she retains a large position. SEC filing
• Neutral Sentiment: EVP Shelly Brown sold 16,000 shares (~$47.28 avg) via a 10b5-1 plan. SEC filing
• Neutral Sentiment: EVP Edward Deitzel sold 11,000 shares (~$47.28 avg) under a 10b5-1 arrangement. SEC filing
• Neutral Sentiment: Director Kurt M. Eckert sold 5,625 shares (~$47.29 avg) under a 10b5-1 plan. SEC filing
• Neutral Sentiment: Director Judson Gray Teekell sold 3,000 shares (~$47.30 avg) under a 10b5-1 plan. SEC filing

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.