Miami International Holdings, Inc. $MIAX Shares Bought by Monashee Investment Management LLC

Monashee Investment Management LLC lifted its position in shares of Miami International Holdings, Inc. (NYSE:MIAX) by 16.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 175,000 shares of the company’s stock after purchasing an additional 25,000 shares during the quarter. Miami International makes up about 4.4% of Monashee Investment Management LLC’s portfolio, making the stock its 8th largest holding. Monashee Investment Management LLC’s holdings in Miami International were worth $7,766,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Mad River Investors increased its position in shares of Miami International by 0.6% during the fourth quarter. Mad River Investors now owns 75,050 shares of the company’s stock worth $3,331,000 after buying an additional 450 shares during the period. State of Wyoming acquired a new stake in shares of Miami International during the 4th quarter worth approximately $26,000. National Bank of Canada FI acquired a new stake in shares of Miami International during the 3rd quarter worth approximately $29,000. Comerica Bank grew its position in shares of Miami International by 295.6% during the 4th quarter. Comerica Bank now owns 1,254 shares of the company’s stock worth $56,000 after buying an additional 937 shares during the period. Finally, HighTower Advisors LLC grew its position in shares of Miami International by 19.3% during the 4th quarter. HighTower Advisors LLC now owns 6,172 shares of the company’s stock worth $274,000 after buying an additional 997 shares during the period.

Miami International Trading Up 1.1%

NYSE MIAX opened at $41.26 on Friday. The company has a fifty day simple moving average of $46.18 and a 200 day simple moving average of $43.73. Miami International Holdings, Inc. has a 12-month low of $28.63 and a 12-month high of $57.14. The company has a market cap of $3.92 billion and a P/E ratio of 42.98.

Miami International (NYSE:MIAX) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. The business had revenue of $369.69 million during the quarter, compared to analyst estimates of $122.74 million. During the same period in the previous year, the business posted $0.38 EPS. The business’s revenue for the quarter was up 40.0% compared to the same quarter last year. Sell-side analysts predict that Miami International Holdings, Inc. will post 1.53 EPS for the current year.

Wall Street Analyst Weigh In

MIAX has been the subject of several recent analyst reports. Zacks Research raised shares of Miami International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Wall Street Zen downgraded shares of Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Morgan Stanley raised their price objective on shares of Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Rosenblatt Securities raised their price objective on shares of Miami International from $59.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Miami International from $40.00 to $48.00 and gave the stock a “market perform” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.20.

Insider Activity

In other Miami International news, EVP Douglas M. Schafer, Jr. sold 48,000 shares of Miami International stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $39.74, for a total transaction of $1,907,520.00. Following the transaction, the executive vice president directly owned 396,681 shares of the company’s stock, valued at $15,764,102.94. The trade was a 10.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kurt M. Eckert sold 37,917 shares of Miami International stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $39.00, for a total transaction of $1,478,763.00. Following the transaction, the director directly owned 142,375 shares in the company, valued at $5,552,625. This represents a 21.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 802,371 shares of company stock worth $35,208,184. Company insiders own 15.60% of the company’s stock.

Miami International 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.