Miami International (NYSE:MIAX) Director Kurt Eckert Sells 37,917 Shares

Miami International Holdings, Inc. (NYSE:MIAX) Director Kurt Eckert sold 37,917 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $39.00, for a total value of $1,478,763.00. Following the completion of the sale, the director owned 142,375 shares of the company’s stock, valued at approximately $5,552,625. This represents a 21.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Miami International Stock Performance

MIAX stock traded up $0.15 during mid-day trading on Friday, reaching $39.17. 2,011,380 shares of the stock traded hands, compared to its average volume of 1,323,589. Miami International Holdings, Inc. has a one year low of $28.63 and a one year high of $51.38. The stock has a market capitalization of $3.59 billion and a PE ratio of 72.54. The business has a 50-day moving average price of $41.34 and a two-hundred day moving average price of $42.54.

Miami International (NYSE:MIAX) last released its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.11. The firm had revenue of $369.43 million during the quarter, compared to the consensus estimate of $121.13 million. The business’s revenue was up 14.0% on a year-over-year basis.

Institutional Investors Weigh In On Miami International

Institutional investors and hedge funds have recently bought and sold shares of the company. State of Wyoming purchased a new position in shares of Miami International during the fourth quarter valued at $26,000. National Bank of Canada FI bought a new position in Miami International during the 3rd quarter worth about $29,000. Comerica Bank grew 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 acquiring an additional 937 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Miami International during the 4th quarter worth about $66,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in Miami International during the 3rd quarter valued at about $101,000.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MIAX. Zacks Research cut Miami International from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Miami International in a research note on Monday, December 29th. Wall Street Zen raised shares of Miami International from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $59.00 price target on shares of Miami International in a report on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Miami International presently has a consensus rating of “Hold” and a consensus 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.