Miami International Holdings, Inc.’s (NYSE:MIAX) Lock-Up Period Will Expire on February 10th

Miami International’s (NYSE:MIAX) lock-up period will end on Tuesday, February 10th. Miami International had issued 15,000,000 shares in its initial public offering on August 14th. The total size of the offering was $345,000,000 based on an initial share price of $23.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analyst Ratings Changes

MIAX has been the subject of several recent research reports. Piper Sandler upped their price objective on Miami International from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Morgan Stanley upped their price target on Miami International from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Wall Street Zen cut shares of Miami International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Keefe, Bruyette & Woods boosted their price objective on shares of Miami International from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Miami International in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $47.20.

Miami International Price Performance

NYSE:MIAX opened at $40.54 on Thursday. The firm has a market cap of $3.30 billion and a price-to-earnings ratio of 2,027.00. Miami International has a twelve month low of $28.63 and a twelve month high of $51.38. The business’s 50 day moving average is $43.86.

Miami International (NYSE:MIAX) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.30 by $0.12. The business’s quarterly revenue was up 57.4% on a year-over-year basis. During the same period last year, the company posted $0.11 earnings per share.

Institutional Investors Weigh In On Miami International

A number of institutional investors and hedge funds have recently modified their holdings of MIAX. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Miami International during the fourth quarter worth about $493,000. Strs Ohio acquired a new stake in shares of Miami International in the fourth quarter valued at approximately $186,000. Pekin Hardy Strauss Inc. lifted its position in shares of Miami International by 41.5% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 36,290 shares of the company’s stock valued at $1,611,000 after buying an additional 10,640 shares during the last quarter. Comerica Bank boosted its stake 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 acquiring an additional 937 shares during the period. Finally, UBS Group AG increased its holdings in shares of Miami International by 1,944.5% during the 4th quarter. UBS Group AG now owns 162,884 shares of the company’s stock worth $7,229,000 after acquiring an additional 154,917 shares during the last quarter.

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.