25,650 Shares in Miami International Holdings, Inc. $MIAX Purchased by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. purchased a new stake in Miami International Holdings, Inc. (NYSE:MIAX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,650 shares of the company’s stock, valued at approximately $1,033,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of Miami International during the third quarter worth approximately $17,684,000. Coastal Bridge Advisors LLC bought a new position in Miami International during the 3rd quarter valued at $3,083,000. Federated Hermes Inc. acquired a new position in Miami International during the 3rd quarter worth $10,065,000. Caldwell Investment Management Ltd. bought a new stake in shares of Miami International in the 3rd quarter worth about $27,056,000. Finally, Atlas Wealth Partners LLC acquired a new stake in shares of Miami International in the 3rd quarter valued at about $881,000.

Analyst Ratings Changes

A number of equities analysts recently commented on MIAX shares. Morgan Stanley lifted their price target on Miami International from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Keefe, Bruyette & Woods increased their target price on Miami International from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Thursday, November 6th. JPMorgan Chase & Co. boosted their price target on Miami International from $32.00 to $37.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Wall Street Zen lowered Miami International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Zacks Research downgraded shares of Miami International from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.20.

Miami International Price Performance

Shares of Miami International stock opened at $40.39 on Friday. The firm has a market cap of $3.29 billion and a PE ratio of 2,019.45. Miami International Holdings, Inc. has a twelve month low of $28.63 and a twelve month high of $51.38. The business’s 50 day moving average is $43.07.

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.