Miami International Holdings, Inc. (NYSE:MIAX – Get Free Report) EVP Harish Jayabalan sold 9,783 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $40.04, for a total transaction of $391,711.32. Following the sale, the executive vice president owned 73,405 shares of the company’s stock, valued at $2,939,136.20. The trade was a 11.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Harish Jayabalan also recently made the following trade(s):
- On Monday, June 8th, Harish Jayabalan sold 10,217 shares of Miami International stock. The shares were sold at an average price of $40.12, for a total transaction of $409,906.04.
Miami International Trading Up 2.4%
MIAX stock traded up $0.95 during midday trading on Wednesday, reaching $40.75. The company had a trading volume of 1,995,430 shares, compared to its average volume of 1,348,539. Miami International Holdings, Inc. has a 1 year low of $28.63 and a 1 year high of $57.14. The company has a market capitalization of $3.87 billion and a P/E ratio of 42.44. The company has a 50 day moving average of $46.06 and a two-hundred day moving average of $43.77.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in MIAX. Vanguard Group Inc. acquired a new position in Miami International during the third quarter worth $55,660,000. Alyeska Investment Group L.P. acquired a new position in Miami International during the third quarter worth $50,959,000. Invesco Ltd. boosted its holdings in Miami International by 178.8% during the fourth quarter. Invesco Ltd. now owns 1,278,966 shares of the company’s stock worth $56,761,000 after purchasing an additional 820,246 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Miami International during the third quarter worth $32,679,000. Finally, North Reef Capital Management LP acquired a new position in Miami International during the third quarter worth $29,221,000.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Rosenblatt Securities raised their price objective on shares of Miami International from $59.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. boosted their price target on shares of Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Morgan Stanley boosted their price objective on shares of Miami International from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Zacks Research upgraded shares of Miami International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Wall Street Zen cut shares of Miami International from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $51.20.
Get Our Latest Analysis on Miami International
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.
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