Miami International Holdings, Inc. (NYSE:MIAX – Get Free Report) EVP Shelly Brown sold 21,217 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $38.61, for a total value of $819,188.37. Following the completion of the transaction, the executive vice president directly owned 316,490 shares of the company’s stock, valued at approximately $12,219,678.90. This trade represents a 6.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Shelly Brown also recently made the following trade(s):
- On Monday, July 6th, Shelly Brown sold 16,000 shares of Miami International stock. The stock was sold at an average price of $42.13, for a total value of $674,080.00.
Miami International Trading Down 1.0%
Shares of NYSE:MIAX opened at $37.65 on Friday. The firm has a market capitalization of $3.74 billion and a PE ratio of 48.89. Miami International Holdings, Inc. has a 1-year low of $35.43 and a 1-year high of $57.14. The business’s 50 day moving average is $42.91 and its 200-day moving average is $43.08.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of MIAX. Fifth Third Bancorp acquired a new stake in shares of Miami International during the first quarter worth approximately $61,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Miami International in the 4th quarter worth approximately $66,000. New York State Teachers Retirement System acquired a new position in shares of Miami International in the 1st quarter worth approximately $84,000. SG Americas Securities LLC grew its position in Miami International by 48.9% during the 1st quarter. SG Americas Securities LLC now owns 3,537 shares of the company’s stock worth $138,000 after acquiring an additional 1,162 shares during the last quarter. Finally, State of Wyoming grew its position in Miami International by 664.6% during the 1st quarter. State of Wyoming now owns 4,542 shares of the company’s stock worth $177,000 after acquiring an additional 3,948 shares during the last quarter.
Wall Street Analysts Forecast Growth
MIAX has been the subject of a number of analyst reports. Morgan Stanley downgraded 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 report on Tuesday, September 1st. Wall Street Zen cut shares of Miami International from a “buy” rating to a “hold” rating in a research note on Sunday, August 23rd. Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Keefe, Bruyette & Woods raised their price target on shares of Miami International from $46.00 to $48.00 and gave the stock a “market perform” rating in a research note on Friday, August 7th. Finally, Rosenblatt Securities lifted their price objective on Miami International from $61.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.40.
Get Our Latest Stock Analysis on Miami International
Miami International Company Profile
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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