Miami International (NYSE:MIAX) EVP Douglas Schafer Jr Sells 48,000 Shares

Miami International Holdings, Inc. (NYSE:MIAXGet Free Report) EVP Douglas Schafer, Jr. sold 48,000 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $41.22, for a total transaction of $1,978,560.00. Following the transaction, the executive vice president owned 387,414 shares in the company, valued at $15,969,205.08. The trade was a 11.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Price Performance

Miami International stock traded up $1.75 during trading hours on Tuesday, hitting $43.61. The stock had a trading volume of 2,183,781 shares, compared to its average volume of 1,602,494. The stock has a market capitalization of $4.14 billion and a price-to-earnings ratio of 45.42. Miami International Holdings, Inc. has a 1-year low of $28.63 and a 1-year high of $57.14. The stock’s fifty day moving average is $44.82 and its two-hundred day moving average is $43.06.

Miami International (NYSE:MIAXGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share 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 analysts’ expectations of $122.74 million. During the same period last year, the business earned $0.38 earnings per share. The company’s revenue for the quarter was up 40.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Miami International Holdings, Inc. will post 1.53 EPS for the current year.

Institutional Trading of Miami International

Several large investors have recently bought and sold shares of MIAX. State of Wyoming purchased a new stake in Miami International during the 4th quarter worth $26,000. National Bank of Canada FI purchased a new position in Miami International in the third quarter valued at about $29,000. Comerica Bank boosted its holdings in Miami International by 295.6% in the fourth quarter. Comerica Bank now owns 1,254 shares of the company’s stock valued at $56,000 after purchasing an additional 937 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Miami International during the 1st quarter valued at approximately $61,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Miami International during the 4th quarter worth approximately $66,000.

Wall Street Analyst Weigh In

MIAX has been the subject of several research analyst reports. JPMorgan Chase & Co. upped 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. Keefe, Bruyette & Woods upped their price objective on Miami International from $40.00 to $48.00 and gave the stock a “market perform” rating in a report on Friday, May 8th. Rosenblatt Securities raised their price objective on Miami International from $59.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Weiss Ratings raised Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Zacks Research downgraded shares of Miami International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Miami International presently has a consensus rating of “Hold” and an average price target of $51.20.

Check Out Our Latest Research Report 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.

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

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