Miami International (NYSE:MIAX) EVP Sells $1,978,560.00 in Stock

Miami International Holdings, Inc. (NYSE:MIAXGet Free Report) EVP Douglas Schafer, Jr. sold 48,000 shares of Miami International stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $41.22, for a total transaction of $1,978,560.00. Following the completion of the transaction, the executive vice president directly owned 387,414 shares of the company’s stock, valued at approximately $15,969,205.08. This trade represents a 11.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Stock Performance

Shares of MIAX stock opened at $42.94 on Friday. The firm’s 50-day moving average is $44.59 and its 200-day moving average is $43.03. The stock has a market cap of $4.08 billion and a price-to-earnings ratio of 44.73. Miami International Holdings, Inc. has a 52-week low of $28.63 and a 52-week high of $57.14.

Miami International (NYSE:MIAXGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates 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. The company’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 EPS. Sell-side analysts predict that Miami International Holdings, Inc. will post 1.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MIAX shares. Morgan Stanley boosted their target price on Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Rosenblatt Securities raised their price target on Miami International from $59.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Zacks Research cut Miami International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Keefe, Bruyette & Woods boosted their target price on shares of Miami International from $40.00 to $48.00 and gave the company a “market perform” rating in a research report on Friday, May 8th. Finally, Weiss Ratings upgraded Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Miami International has a consensus rating of “Hold” and a consensus price target of $51.20.

Read Our Latest Stock Analysis on Miami International

Institutional Investors Weigh In On Miami International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. bought a new stake in shares of Miami International during the third quarter worth about $55,660,000. Victory Capital Management Inc. bought a new stake in shares of Miami International during the 3rd quarter valued at about $12,168,000. First Trust Advisors LP acquired a new stake in shares of Miami International during the 3rd quarter worth approximately $843,000. Blair William & Co. IL acquired a new stake in Miami International in the third quarter worth $14,645,000. Finally, Legal & General Group Plc acquired a new stake in shares of Miami International in the 3rd quarter valued at about $302,000.

Miami International News Roundup

Here are the key news stories impacting Miami International this week:

Miami International Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Miami International (NYSE:MIAX)

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