Monashee Investment Management LLC Makes New Investment in Miami International Holdings, Inc. $MIAX

Monashee Investment Management LLC purchased a new stake in shares of Miami International Holdings, Inc. (NYSE:MIAX) in the third quarter, according to its most recent filing with the SEC. The firm purchased 150,000 shares of the company’s stock, valued at approximately $6,039,000. Miami International accounts for about 3.0% of Monashee Investment Management LLC’s portfolio, making the stock its 9th largest position. Monashee Investment Management LLC owned about 0.18% of Miami International at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. TD Asset Management Inc purchased a new position in Miami International in the 3rd quarter valued at approximately $2,555,000. Pekin Hardy Strauss Inc. acquired a new stake in Miami International in the third quarter valued at $1,033,000. Readystate Asset Management LP purchased a new position in shares of Miami International in the third quarter valued at $503,000. Vanguard Group Inc. acquired a new position in shares of Miami International during the 3rd quarter worth $55,660,000. Finally, Texas Yale Capital Corp. purchased a new stake in shares of Miami International in the 3rd quarter worth about $201,000.

Miami International Stock Performance

Shares of NYSE MIAX opened at $42.64 on Friday. The firm has a market capitalization of $3.47 billion and a price-to-earnings ratio of 2,132.15. Miami International Holdings, Inc. has a 1 year low of $28.63 and a 1 year high of $51.38. The stock’s 50 day moving average price is $42.78.

Miami International (NYSE:MIAX) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share 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 analysts’ expectations of $121.13 million. Miami International’s revenue was up 14.0% on a year-over-year basis.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of Miami International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Rosenblatt Securities lifted their price objective on Miami International from $55.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday. Piper Sandler upped their target price on Miami International from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. raised their price target on Miami International from $32.00 to $37.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Finally, Morgan Stanley upped their price objective on Miami International from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $48.00.

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.