UBS Group AG Acquires 154,917 Shares of Miami International Holdings, Inc. $MIAX

UBS Group AG boosted its position in Miami International Holdings, Inc. (NYSE:MIAX) by 1,944.5% during the 4th quarter, Holdings Channel reports. The fund owned 162,884 shares of the company’s stock after buying an additional 154,917 shares during the period. UBS Group AG’s holdings in Miami International were worth $7,229,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MIAX. National Bank of Canada FI bought a new position in Miami International in the third quarter worth approximately $29,000. Emerald Mutual Fund Advisers Trust bought a new position in Miami International in the third quarter worth approximately $101,000. SG Americas Securities LLC bought a new position in Miami International in the fourth quarter worth approximately $105,000. Texas Yale Capital Corp. bought a new position in Miami International in the third quarter worth approximately $201,000. Finally, Arizona State Retirement System bought a new position in Miami International in the fourth quarter worth approximately $201,000.

Insider Buying and Selling

In other news, CEO Thomas P. Gallagher sold 174,125 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $43.36, for a total value of $7,550,060.00. Following the transaction, the chief executive officer owned 1,723,275 shares in the company, valued at $74,721,204. This trade represents a 9.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Murray Stahl sold 121,054 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $40.92, for a total value of $4,953,529.68. Following the completion of the transaction, the director owned 4,689,466 shares in the company, valued at $191,892,948.72. This represents a 2.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 722,175 shares of company stock valued at $31,648,266.

Miami International Stock Down 3.1%

MIAX stock opened at $54.41 on Tuesday. Miami International Holdings, Inc. has a twelve month low of $28.63 and a twelve month high of $57.14. The stock’s 50 day moving average is $43.81 and its 200-day moving average is $43.81. The firm has a market capitalization of $5.16 billion and a PE ratio of 56.67.

Miami International (NYSE:MIAX) last posted its earnings results 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 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 business earned $0.38 EPS. The firm’s revenue for the quarter was up 40.0% compared to the same quarter last year. On average, equities research analysts anticipate that Miami International Holdings, Inc. will post 1.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Weiss Ratings upgraded Miami International from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Zacks Research upgraded Miami International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Morgan Stanley increased their price target on Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Rosenblatt Securities increased their price target on Miami International from $59.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Miami International currently has a consensus rating of “Moderate Buy” and a consensus target price 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.