Miami International (NYSE:MIAX) EVP Shelly Brown Sells 25,932 Shares

Miami International Holdings, Inc. (NYSE:MIAX) EVP Shelly Brown sold 25,932 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $39.33, for a total value of $1,019,905.56. Following the completion of the transaction, the executive vice president directly owned 299,197 shares of the company’s stock, valued at approximately $11,767,418.01. This trade represents a 7.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Miami International Price Performance

Shares of Miami International stock opened at $38.54 on Thursday. Miami International Holdings, Inc. has a 52-week low of $28.63 and a 52-week high of $51.38. The firm has a market capitalization of $3.53 billion and a PE ratio of 71.37. The company’s fifty day moving average price is $41.14 and its two-hundred day moving average price is $42.66.

Miami International (NYSE:MIAX) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. The business had revenue of $369.43 million for the quarter, compared to the consensus estimate of $121.13 million. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis.

Wall Street Analysts Forecast Growth

MIAX has been the topic of a number of recent research reports. Zacks Research downgraded Miami International from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Wall Street Zen raised Miami International from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Rosenblatt Securities restated a “buy” rating and set a $59.00 target price on shares of Miami International in a research report on Thursday, March 5th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Miami International in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $48.00.

Institutional Trading of Miami International

Several hedge funds have recently modified their holdings of MIAX. Mad River Investors boosted its holdings in shares of Miami International by 0.6% in the 4th quarter. Mad River Investors now owns 75,050 shares of the company’s stock worth $3,331,000 after acquiring an additional 450 shares in the last quarter. State of Wyoming bought a new stake in Miami International during the 4th quarter worth approximately $26,000. National Bank of Canada FI acquired a new stake in Miami International during the 3rd quarter valued at $29,000. First Trust Advisors LP raised its position in Miami International by 3.5% in the 4th quarter. First Trust Advisors LP now owns 21,671 shares of the company’s stock valued at $962,000 after purchasing an additional 733 shares during the last quarter. Finally, Coastal Bridge Advisors LLC raised its position in Miami International by 1.1% in the 4th quarter. Coastal Bridge Advisors LLC now owns 77,415 shares of the company’s stock valued at $3,436,000 after purchasing an additional 850 shares during the last quarter.

About Miami International

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.