Cynthia Schwarzkopf Sells 19,500 Shares of Miami International (NYSE:MIAX) Stock

Miami International Holdings, Inc. (NYSE:MIAXGet Free Report) Director Cynthia Schwarzkopf sold 19,500 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $41.73, for a total transaction of $813,735.00. Following the completion of the transaction, the director directly owned 81,308 shares in the company, valued at approximately $3,392,982.84. This represents a 19.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Miami International Stock Up 4.8%

Miami International stock opened at $43.24 on Friday. The stock has a market cap of $4.10 billion and a P/E ratio of 45.04. Miami International Holdings, Inc. has a twelve month low of $28.63 and a twelve month high of $57.14. The company’s 50-day moving average price is $46.25 and its two-hundred day moving average price is $43.73.

Miami International (NYSE:MIAXGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. The company had revenue of $369.69 million during the quarter, compared to the consensus estimate of $122.74 million. The firm’s revenue was up 40.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share. Equities analysts anticipate that Miami International Holdings, Inc. will post 1.53 earnings per share for the current fiscal year.

Institutional Trading of Miami International

A number of hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC acquired a new stake in Miami International in the first quarter valued at approximately $1,519,000. Bank of America Corp DE boosted its position in Miami International by 196.5% in the first quarter. Bank of America Corp DE now owns 900,882 shares of the company’s stock valued at $35,062,000 after buying an additional 597,021 shares in the last quarter. Royal Bank of Canada boosted its position in Miami International by 553.2% in the first quarter. Royal Bank of Canada now owns 10,301 shares of the company’s stock valued at $401,000 after buying an additional 8,724 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Miami International by 11.6% in the first quarter. The Manufacturers Life Insurance Company now owns 163,981 shares of the company’s stock valued at $6,382,000 after buying an additional 17,037 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in Miami International in the first quarter valued at approximately $2,160,000.

Analyst Upgrades and Downgrades

MIAX has been the topic of several analyst reports. Weiss Ratings raised Miami International from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Wall Street Zen lowered shares of Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. JPMorgan Chase & Co. increased their price target on shares of Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Zacks Research upgraded shares of Miami International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Miami International from $40.00 to $48.00 and gave the stock a “market perform” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.20.

Read Our Latest Stock Analysis on Miami International

About Miami International

(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.

Recommended Stories

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

Receive News & Ratings for Miami International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Miami International and related companies with MarketBeat.com's FREE daily email newsletter.