Miami International (NYSE:MIAX) Director Sells $813,735.00 in Stock

Miami International Holdings, Inc. (NYSE:MIAX) Director Cynthia Schwarzkopf sold 19,500 shares of Miami International stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $41.73, for a total value of $813,735.00. Following the sale, the director directly owned 81,308 shares in the company, valued at $3,392,982.84. This trade represents a 19.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Miami International Stock Up 4.8%

MIAX stock traded up $1.97 during midday trading on Friday, hitting $43.24. The company’s stock had a trading volume of 3,288,583 shares, compared to its average volume of 1,369,720. The company has a 50 day moving average of $46.18 and a two-hundred day 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 firm has a market capitalization of $4.10 billion and a price-to-earnings ratio of 45.04.

Miami International (NYSE:MIAX) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. The business had revenue of $369.69 million for the quarter, compared to the consensus estimate of $122.74 million. During the same quarter last year, the business earned $0.38 EPS. Miami International’s revenue for the quarter was up 40.0% compared to the same quarter last year. On average, analysts anticipate that Miami International Holdings, Inc. will post 1.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MIAX shares. Zacks Research raised Miami International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Weiss Ratings upgraded shares of Miami International from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Rosenblatt Securities upped their price objective on shares of Miami International from $59.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Keefe, Bruyette & Woods increased their price objective on Miami International from $40.00 to $48.00 and gave the company a “market perform” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. boosted their price objective on Miami International from $41.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $51.20.

Hedge Funds Weigh In On Miami International

A number of institutional investors have recently added to or reduced their stakes in MIAX. State of Wyoming acquired a new stake in Miami International during the fourth quarter worth about $26,000. National Bank of Canada FI acquired a new position in shares of Miami International in the third quarter worth $29,000. Comerica Bank increased its holdings in 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 purchasing an additional 937 shares during the period. Fifth Third Bancorp purchased a new stake in shares of Miami International in the 1st quarter valued at approximately $61,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Miami International during the 4th quarter worth about $66,000.

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.