Miami International (NYSE:MIAX) EVP Sells $280,000.00 in Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Douglas Schafer, Jr. sold 8,000 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $35.00, for a total value of $280,000.00. Following the completion of the sale, the executive vice president owned 387,414 shares in the company, valued at approximately $13,559,490. This trade represents a 2.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Price Performance

Shares of Miami International stock opened at $34.50 on Friday. The business has a fifty day simple moving average of $35.57 and a two-hundred day simple moving average of $41.11. Miami International Holdings, Inc. has a 1 year low of $29.06 and a 1 year high of $57.14. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 12.78 and a beta of 1.73.

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

Hedge Funds Weigh In On Miami International

Several institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp acquired a new stake in Miami International in the 1st quarter worth about $61,000. New York State Teachers Retirement System bought a new stake in Miami International in the 1st quarter valued at about $84,000. Covestor Ltd grew its position in shares of 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 grew its position in shares of Miami International by 857.2% during 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 in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Miami International by 42.3% during the third 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.

Wall Street Analysts Forecast Growth

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

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.