Miami International (NYSE:MIAX) EVP Barbara Comly Sells 44,445 Shares of Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Barbara Comly sold 44,445 shares of Miami International stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $45.69, for a total transaction of $2,030,692.05. Following the sale, the executive vice president directly owned 882,984 shares in the company, valued at $40,343,538.96. This trade represents a 4.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Trading Down 1.3%

MIAX stock traded down $0.58 during trading on Thursday, reaching $45.38. The stock had a trading volume of 1,947,036 shares, compared to its average volume of 1,552,097. The firm has a fifty day moving average price of $41.66 and a 200 day moving average price of $42.92. The company has a market capitalization of $4.31 billion and a P/E ratio of 47.27. Miami International Holdings, Inc. has a 1-year low of $28.63 and a 1-year high of $57.14.

Miami International (NYSE:MIAX) last announced its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.07. The business had revenue of $387.63 million for the quarter. During the same period in the previous year, the company earned $0.48 EPS. Miami International’s quarterly revenue was up 34.8% on a year-over-year basis. Sell-side analysts predict that Miami International Holdings, Inc. will post 1.59 EPS for the current year.

Wall Street Analysts Forecast Growth

MIAX has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Miami International from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Morgan Stanley increased their price target on shares of Miami International from $50.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. JPMorgan Chase & Co. lifted their price target on Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings raised Miami International from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Zacks Research downgraded Miami International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $52.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. bought a new position in Miami International during the third quarter valued at about $55,660,000. First Trust Advisors LP acquired a new stake in Miami International in the 3rd quarter valued at about $843,000. Legal & General Group Plc acquired a new stake in Miami International in the 3rd quarter valued at about $302,000. Franklin Resources Inc. bought a new position in shares of Miami International during the 3rd quarter valued at about $17,403,000. Finally, Sei Investments Co. bought a new position in shares of Miami International during the 3rd quarter valued at about $4,074,000.

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.