Shares of Miami International Holdings, Inc. (NYSE:MIAX – Get Free Report) have been assigned an average rating of “Hold” from the seven analysts that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $51.40.
Several brokerages recently weighed in on MIAX. Morgan Stanley cut shares of Miami International from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $53.00 to $50.00 in a research note on Tuesday, September 1st. Wall Street Zen lowered Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, August 23rd. Keefe, Bruyette & Woods lifted their target price on Miami International from $46.00 to $48.00 and gave the stock a “market perform” rating in a report on Friday, August 7th. Zacks Research lowered Miami International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Rosenblatt Securities increased their price target on Miami International from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 6th.
Check Out Our Latest Stock Analysis on MIAX
Insiders Place Their Bets
Institutional Investors Weigh In On Miami International
Large investors have recently modified their holdings of the company. BlueCrest Capital Management Ltd bought a new stake in Miami International during the second quarter valued at $7,432,000. NewEdge Advisors LLC grew its holdings in Miami International by 1,646.6% during the 2nd quarter. NewEdge Advisors LLC now owns 681,610 shares of the company’s stock worth $25,329,000 after acquiring an additional 642,585 shares during the period. One Charles Private Wealth Services LLC bought a new position in shares of Miami International in the 2nd quarter worth about $4,400,000. Allianz Asset Management GmbH acquired a new position in shares of Miami International in the 2nd quarter valued at about $13,350,000. Finally, HighTower Advisors LLC lifted its stake in shares of Miami International by 290.6% in the 2nd quarter. HighTower Advisors LLC now owns 112,298 shares of the company’s stock valued at $4,173,000 after purchasing an additional 83,547 shares during the period.
Miami International Price Performance
MIAX opened at $37.65 on Friday. Miami International has a fifty-two week low of $35.43 and a fifty-two week high of $57.14. The firm has a market capitalization of $3.74 billion and a price-to-earnings ratio of 48.89. The company’s 50 day moving average price is $42.91 and its two-hundred day moving average price is $43.08.
Miami International (NYSE:MIAX – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.07. The firm had revenue of $387.63 million during the quarter. Miami International had a net margin of 9.70% and a return on equity of 16.95%. Miami International’s revenue was up 34.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 EPS. As a group, equities research analysts predict that Miami International will post 1.7 EPS for the current year.
About Miami International
Miami International Holdings, Inc (NYSE: MIAX) operates a global exchange group focused on financial markets and trading infrastructure. Its business includes the MIAX Exchange Group, which operates electronic options and equities exchanges serving institutional, professional and other market participants.
The company’s exchange platforms include MIAX, MIAX Pearl and MIAX Emerald for listed options, as well as MIAX Sapphire for equities. Miami International Holdings also provides exchange-related services such as market data, connectivity and trading technology designed to support efficient order execution and liquidity across its marketplaces.
Founded in 2007, the company has expanded beyond its U.S.
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