Barbara Comly Sells 28,000 Shares of Miami International (NYSE:MIAX) Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Barbara Comly sold 28,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $42.85, for a total value of $1,199,800.00. Following the completion of the sale, the executive vice president directly owned 843,844 shares in the company, valued at $36,158,715.40. This represents a 3.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Price Performance

Shares of NYSE MIAX traded down $0.60 during midday trading on Thursday, hitting $39.73. 1,614,484 shares of the company’s stock were exchanged, compared to its average volume of 1,325,189. 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 cap of $3.77 billion and a PE ratio of 41.38. The firm’s fifty day simple moving average is $45.98 and its 200-day simple moving average is $43.97.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Mad River Investors grew its stake in Miami International by 0.6% during the 4th 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 last quarter. State of Wyoming purchased a new position in Miami International during the 4th quarter worth approximately $26,000. National Bank of Canada FI purchased a new position in Miami International during the 3rd quarter worth approximately $29,000. First Trust Advisors LP grew its stake in Miami International by 3.5% during the 4th quarter. First Trust Advisors LP now owns 21,671 shares of the company’s stock worth $962,000 after buying an additional 733 shares during the last quarter. Finally, Coastal Bridge Advisors LLC grew its stake in shares of 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MIAX shares. Wall Street Zen lowered Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Rosenblatt Securities raised their target price on Miami International from $59.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Zacks Research raised Miami International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. 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. Finally, Weiss Ratings upgraded Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.