Caldwell Investment Management Ltd. Buys 75,000 Shares of Miami International Holdings, Inc. $MIAX

Caldwell Investment Management Ltd. raised its stake in Miami International Holdings, Inc. (NYSE:MIAX) by 11.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 738,810 shares of the company’s stock after purchasing an additional 75,000 shares during the period. Miami International comprises 20.6% of Caldwell Investment Management Ltd.’s investment portfolio, making the stock its biggest position. Caldwell Investment Management Ltd.’s holdings in Miami International were worth $33,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Mad River Investors raised its position in Miami International by 0.6% in the 4th quarter. Mad River Investors now owns 75,050 shares of the company’s stock valued at $3,331,000 after purchasing an additional 450 shares in the last quarter. State of Wyoming acquired a new stake in Miami International in the 4th quarter valued at about $26,000. National Bank of Canada FI acquired a new stake in Miami International in the 3rd quarter valued at about $29,000. Comerica Bank raised its position in Miami International by 295.6% in the 4th quarter. Comerica Bank now owns 1,254 shares of the company’s stock valued at $56,000 after purchasing an additional 937 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in Miami International by 19.3% in the 4th quarter. HighTower Advisors LLC now owns 6,172 shares of the company’s stock valued at $274,000 after purchasing an additional 997 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MIAX shares. Rosenblatt Securities increased their price target 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 raised 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. JPMorgan Chase & Co. raised their target price on Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Wall Street Zen lowered Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Weiss Ratings raised Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $51.20.

Insider Transactions at Miami International

In related news, EVP Edward Deitzel sold 11,000 shares of Miami International stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $42.16, for a total value of $463,760.00. Following the sale, the executive vice president directly owned 116,221 shares in the company, valued at $4,899,877.36. The trade was a 8.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kurt M. Eckert sold 5,250 shares of Miami International stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $42.76, for a total value of $224,490.00. Following the completion of the sale, the director owned 142,375 shares in the company, valued at approximately $6,087,955. This trade represents a 3.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 782,371 shares of company stock valued at $34,406,566. 15.60% of the stock is owned by company insiders.

Miami International Trading Up 2.8%

Shares of MIAX stock opened at $39.81 on Wednesday. The business’s 50 day moving average is $46.06 and its two-hundred day moving average is $43.77. Miami International Holdings, Inc. has a twelve month low of $28.63 and a twelve month high of $57.14. The company has a market capitalization of $3.78 billion and a P/E ratio of 41.47.

Miami International (NYSE:MIAX) last announced its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. The company had revenue of $369.69 million during the quarter, compared to analysts’ expectations of $122.74 million. During the same quarter last year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was up 40.0% compared to the same quarter last year. As a group, equities analysts predict that Miami International Holdings, Inc. will post 1.53 earnings per share for the current fiscal year.

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.