Edward Deitzel Sells 11,000 Shares of Miami International (NYSE:MIAX) Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Edward Deitzel sold 11,000 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $42.04, for a total value of $462,440.00. Following the sale, the executive vice president owned 119,601 shares of the company’s stock, valued at $5,028,026.04. This represents a 8.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Edward Deitzel also recently made the following trade(s):

• On Tuesday, June 2nd, Edward Deitzel sold 11,000 shares of Miami International stock. The shares were sold at an average price of $42.16, for a total value of $463,760.00.
• On Monday, May 4th, Edward Deitzel sold 11,000 shares of Miami International stock. The stock was sold at an average price of $47.28, for a total value of $520,080.00.
• On Wednesday, April 8th, Edward Deitzel sold 7,572 shares of Miami International stock. The stock was sold at an average price of $42.02, for a total value of $318,175.44.

Miami International Price Performance

Shares of MIAX stock traded up $1.75 during mid-day trading on Tuesday, hitting $43.61. The company had a trading volume of 2,183,781 shares, compared to its average volume of 1,602,494. The stock’s 50 day moving average price is $44.82 and its 200-day moving average price is $43.06. 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 capitalization of $4.14 billion and a P/E ratio of 45.42.

Miami International (NYSE:MIAX) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of $369.69 million during the quarter, compared to the consensus estimate of $122.74 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The business’s revenue was up 40.0% on a year-over-year basis. On average, equities research analysts expect that Miami International Holdings, Inc. will post 1.53 earnings per share for the current year.

Institutional Investors Weigh In On Miami International

Several hedge funds and other institutional investors have recently made changes to their positions in MIAX. BNP Paribas Financial Markets bought a new position in Miami International during the 4th quarter valued at about $8,477,000. Vanguard Group Inc. raised its holdings in shares of Miami International by 39.5% in the fourth quarter. Vanguard Group Inc. now owns 1,928,286 shares of the company’s stock worth $85,577,000 after buying an additional 545,770 shares during the period. Tudor Investment Corp ET AL purchased a new stake in shares of Miami International in the third quarter worth approximately $1,833,000. Victory Capital Management Inc. bought a new stake in shares of Miami International during the 3rd quarter worth approximately $12,168,000. Finally, Seven Grand Managers LLC boosted its holdings in Miami International by 33.3% during the 4th quarter. Seven Grand Managers LLC now owns 400,000 shares of the company’s stock valued at $17,752,000 after acquiring an additional 100,000 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MIAX. Weiss Ratings raised Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Wall Street Zen cut Miami International from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. JPMorgan Chase & Co. boosted their price target on shares of Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Miami International from $40.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $51.20.

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.