Miami International (NYSE:MIAX) Director Sells $120,000.00 in Stock

Miami International Holdings, Inc. (NYSE:MIAX) Director Judson Gray Teekell sold 3,000 shares of Miami International stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $40.00, for a total transaction of $120,000.00. Following the completion of the transaction, the director directly owned 75,251 shares of the company’s stock, valued at $3,010,040. The trade was a 3.83% 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.

Judson Gray Teekell also recently made the following trade(s):

• On Tuesday, June 2nd, Judson Gray Teekell sold 3,000 shares of Miami International stock. The shares were sold at an average price of $42.78, for a total transaction of $128,340.00.
• On Monday, May 4th, Judson Gray Teekell sold 3,000 shares of Miami International stock. The shares were sold at an average price of $47.30, for a total value of $141,900.00.

Miami International Trading Up 4.2%

NYSE:MIAX traded up $1.75 during midday trading on Tuesday, hitting $43.61. 2,183,781 shares of the company traded hands, compared to its average volume of 1,602,494. The firm has a market capitalization of $4.14 billion and a P/E ratio of 45.42. The firm’s fifty day moving average is $44.82 and its 200-day moving average is $43.06. Miami International Holdings, Inc. has a 12-month low of $28.63 and a 12-month high of $57.14.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MIAX. T. Rowe Price Investment Management Inc. lifted its stake in shares of Miami International by 24.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,025,712 shares of the company’s stock worth $134,282,000 after purchasing an additional 595,096 shares during the last quarter. Vanguard Group Inc. raised its holdings in 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 purchasing an additional 545,770 shares in the last quarter. Horizon Kinetics Asset Management LLC lifted its position in shares of Miami International by 31.6% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,819,798 shares of the company’s stock valued at $80,763,000 after buying an additional 437,395 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in shares of Miami International by 1.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,286,086 shares of the company’s stock valued at $57,076,000 after buying an additional 20,350 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Miami International by 178.8% in the 4th quarter. Invesco Ltd. now owns 1,278,966 shares of the company’s stock worth $56,761,000 after buying an additional 820,246 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MIAX. Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings upgraded Miami International from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Rosenblatt Securities upped their price objective on Miami International from $59.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Keefe, Bruyette & Woods lifted their target price on Miami International from $40.00 to $48.00 and gave the stock a “market perform” rating in a research report on Friday, May 8th. Finally, Morgan Stanley boosted their target price on shares of Miami International from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $51.20.

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.