Hahn Capital Management LLC Makes New $4.49 Million Investment in Miami International Holdings, Inc. $MIAX

Hahn Capital Management LLC acquired a new position in Miami International Holdings, Inc. (NYSE:MIAX) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 134,065 shares of the company’s stock, valued at approximately $4,491,000. Miami International accounts for about 2.6% of Hahn Capital Management LLC’s portfolio, making the stock its 20th largest holding.

Other large investors also recently modified their holdings of the company. Fifth Third Bancorp bought a new stake in shares of Miami International in the first quarter valued at approximately $61,000. New York State Teachers Retirement System bought a new stake in shares of Miami International during the 1st quarter valued at $84,000. Covestor Ltd lifted its holdings in Miami International by 321.5% during the 3rd quarter. Covestor Ltd now owns 2,508 shares of the company’s stock worth $84,000 after purchasing an additional 1,913 shares in the last quarter. Sterling Capital Management LLC boosted its stake in Miami International by 857.2% in the 3rd quarter. Sterling Capital Management LLC now owns 2,575 shares of the company’s stock worth $86,000 after purchasing an additional 2,306 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in Miami International by 42.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,641 shares of the company’s stock worth $88,000 after purchasing an additional 785 shares during the period.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MIAX shares. Wall Street Zen cut Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, August 23rd. Keefe, Bruyette & Woods boosted their price objective on shares of Miami International from $46.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, August 7th. Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a report on Monday, October 26th. Rosenblatt Securities cut their price target on shares of Miami International from $62.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, October 27th. Finally, Morgan Stanley lowered their price target on Miami International from $50.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $49.00.

Insider Buying and Selling at Miami International

In other Miami International news, EVP Douglas Schafer, Jr. sold 48,000 shares of Miami International stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $40.48, for a total value of $1,943,040.00. Following the transaction, the executive vice president directly owned 387,414 shares of the company’s stock, valued at $15,682,518.72. The trade was a 11.02% 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. Also, EVP Edward Deitzel sold 11,000 shares of Miami International stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $42.21, for a total transaction of $464,310.00. Following the completion of the transaction, the executive vice president directly owned 119,601 shares in the company, valued at approximately $5,048,358.21. The trade was a 8.42% 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 sold 469,574 shares of company stock worth $18,359,891 over the last quarter. Company insiders own 15.60% of the company’s stock.

Miami International Stock Performance

MIAX stock opened at $34.98 on Thursday. Miami International Holdings, Inc. has a one year low of $29.06 and a one year high of $57.14. The company’s 50 day moving average price is $35.93 and its two-hundred day moving average price is $41.20. The company has a market capitalization of $3.50 billion, a PE ratio of 18.11 and a beta of 1.73.

Miami International (NYSE:MIAX) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. Miami International had a net margin of 19.75% and a return on equity of 19.06%. The business had revenue of $376.18 million during the quarter. During the same period in the prior year, the firm earned $0.42 earnings per share. The business’s revenue for the quarter was up 243.6% on a year-over-year basis. On average, research analysts predict that Miami International Holdings, Inc. will post 1.76 EPS for the current year.

Miami International Company Profile

Miami International Holdings, Inc (NYSE: MIAX) is a financial exchange operator that owns and manages regulated marketplaces for the trading of options and other securities. Through its exchange platforms, the company provides electronic trading, order matching, market data and related services to brokers, market makers, institutional investors and other market participants.

The company operates the MIAX exchange family, which includes MIAX, MIAX Pearl and MIAX Emerald, as well as related equities and options trading venues.