Miami International Holdings, Inc. (NYSE:MIAX – Get Free Report) EVP Barbara Comly sold 12,306 shares of the stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $35.04, for a total value of $431,202.24. Following the sale, the executive vice president owned 839,564 shares in the company, valued at approximately $29,418,322.56. This represents a 1.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Miami International Price Performance
Shares of Miami International stock traded down $0.83 during trading hours on Monday, reaching $33.15. The company had a trading volume of 1,069,276 shares, compared to its average volume of 1,564,388. The firm has a market cap of $3.29 billion, a PE ratio of 43.06 and a beta of 1.79. Miami International Holdings, Inc. has a one year low of $29.06 and a one year high of $57.14. The business has a fifty day simple moving average of $37.39 and a 200 day simple moving average of $41.85.
Miami International (NYSE:MIAX – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. The company had revenue of $387.63 million for the quarter. Miami International had a return on equity of 16.95% and a net margin of 9.70%. The business’s revenue for the quarter was up 34.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share. On average, research analysts forecast that Miami International Holdings, Inc. will post 1.67 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp bought a new stake in Miami International during the first quarter valued at $61,000. New York State Teachers Retirement System purchased a new position in Miami International during the first quarter worth about $84,000. Sterling Capital Management LLC increased its stake in Miami International by 857.2% in the 3rd quarter. Sterling Capital Management LLC now owns 2,575 shares of the company’s stock worth $86,000 after acquiring an additional 2,306 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Miami International by 42.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,641 shares of the company’s stock worth $88,000 after acquiring an additional 785 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new position in Miami International in the 3rd quarter worth about $108,000.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Miami International in a report on Friday, August 7th. Zacks Research raised shares of Miami International from a “hold” rating to a “strong-buy” rating in a report on Friday, September 25th. Rosenblatt Securities restated a “buy” rating and issued a $62.00 price objective on shares of Miami International in a research report on Friday, October 2nd. Morgan Stanley reduced their price objective on shares of Miami International from $50.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday, October 9th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Miami International from $46.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $50.00.
Get Our Latest Stock Report on MIAX
About Miami International
Miami International Holdings, Inc (NYSE: MIAX) is a financial exchange operator that owns and manages regulated marketplaces for the trading of options and other securities. Through its exchange platforms, the company provides electronic trading, order matching, market data and related services to brokers, market makers, institutional investors and other market participants.
The company operates the MIAX exchange family, which includes MIAX, MIAX Pearl and MIAX Emerald, as well as related equities and options trading venues.
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