Miami International Holdings, Inc. (NYSE:MIAX – Get Free Report) CEO Thomas Gallagher sold 149,700 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $41.13, for a total value of $6,157,161.00. Following the completion of the transaction, the chief executive officer owned 1,423,275 shares of the company’s stock, valued at $58,539,300.75. This trade represents a 9.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Miami International Stock Up 3.0%
MIAX stock opened at $42.58 on Friday. Miami International Holdings, Inc. has a 52-week low of $32.19 and a 52-week high of $57.14. The stock’s fifty day simple moving average is $41.83 and its 200-day simple moving average is $42.94. The stock has a market capitalization of $4.23 billion and a price-to-earnings ratio of 55.30.
Miami International (NYSE:MIAX – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. The business had revenue of $387.63 million during the quarter. Miami International had a return on equity of 16.95% and a net margin of 9.70%.Miami International’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS. As a group, analysts anticipate that Miami International Holdings, Inc. will post 1.69 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Miami International
Analyst Ratings Changes
MIAX has been the subject of a number of research analyst reports. Rosenblatt Securities upped their price objective on shares of Miami International from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Zacks Research downgraded shares of Miami International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Morgan Stanley upped their price target on shares of Miami International from $50.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Wall Street Zen downgraded shares of Miami International from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Miami International in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $52.00.
Check Out Our Latest Research Report on MIAX
Miami International Company Profile
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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