Miami International Holdings, Inc. (NYSE:MIAX) Receives Consensus Rating of “Hold” from Analysts

Miami International Holdings, Inc. (NYSE:MIAX) has earned an average rating of “Hold” from the nine brokerages that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $51.20.

Several research firms have commented on MIAX. Morgan Stanley increased their target price on Miami International from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. JPMorgan Chase & Co. upped their price objective on Miami International from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Wall Street Zen downgraded shares of Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Rosenblatt Securities boosted their target price on shares of Miami International from $59.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, May 7th.

Insider Buying and Selling

In related news, Director Kurt M. Eckert sold 5,250 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $42.76, for a total value of $224,490.00. Following the completion of the sale, the director directly owned 142,375 shares in the company, valued at $6,087,955. This represents a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Barbara J. Comly sold 28,000 shares of Miami International stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $42.85, for a total value of $1,199,800.00. Following the transaction, the executive vice president directly owned 843,844 shares in the company, valued at $36,158,715.40. The trade was a 3.21% decrease in their ownership of the stock. 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 707,322 shares of company stock valued at $31,507,730 over the last quarter. 15.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Mad River Investors raised its stake in 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 buying an additional 450 shares during the last quarter. State of Wyoming bought a new stake in Miami International during the fourth quarter valued at $26,000. National Bank of Canada FI acquired a new stake in Miami International during the 3rd quarter worth about $29,000. First Trust Advisors LP raised its position 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 in the last quarter. Finally, Coastal Bridge Advisors LLC lifted its stake in shares of Miami International by 1.1% in the 4th quarter. Coastal Bridge Advisors LLC now owns 77,415 shares of the company’s stock valued at $3,436,000 after purchasing an additional 850 shares during the period.

Miami International Trading Down 0.1%

Shares of Miami International stock opened at $40.80 on Friday. The firm’s 50 day moving average is $44.89 and its 200 day moving average is $43.07. The firm has a market capitalization of $3.87 billion and a PE ratio of 42.50. Miami International has a 1 year low of $28.63 and a 1 year high of $57.14.

Miami International (NYSE:MIAX) last posted its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of $369.69 million for the quarter, compared to the consensus estimate of $122.74 million. During the same period in the previous year, the firm posted $0.38 EPS. The business’s quarterly revenue was up 40.0% compared to the same quarter last year. As a group, research analysts anticipate that Miami International will post 1.53 earnings per share for the current 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.