Miami International Holdings, Inc. (NYSE:MIAX – Get Free Report) EVP Barbara Comly sold 56,022 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $35.07, for a total transaction of $1,964,691.54. Following the completion of the sale, the executive vice president owned 839,564 shares of the company’s stock, valued at approximately $29,443,509.48. The trade was a 6.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Miami International Price Performance
MIAX opened at $34.98 on Thursday. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 18.11 and a beta of 1.73. The company’s 50 day simple moving average is $35.93 and its two-hundred day simple moving average is $41.20. Miami International Holdings, Inc. has a 1-year low of $29.06 and a 1-year high of $57.14.
Miami International (NYSE:MIAX – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. Miami International had a return on equity of 19.06% and a net margin of 19.75%. The business had revenue of $376.18 million during the quarter. During the same quarter last year, the company earned $0.42 earnings per share. Miami International’s revenue for the quarter was up 243.6% on a year-over-year basis. On average, equities analysts anticipate that Miami International Holdings, Inc. will post 1.76 earnings per share for the current fiscal year.
Institutional Trading of Miami International
Hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new position in Miami International in the second quarter worth approximately $5,618,000. HighTower Advisors LLC raised its position in Miami International by 290.6% in the second 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. Philadelphia Financial Management of San Francisco LLC purchased a new stake in Miami International in the second quarter valued at $8,313,249. Arrowstreet Capital Limited Partnership purchased a new stake in Miami International in the first quarter valued at $5,834,000. Finally, J Digital 6 LLC acquired a new position in shares of Miami International in the 2nd quarter valued at $67,157,000.
Analyst Ratings Changes
MIAX has been the subject of several analyst reports. Wall Street Zen cut Miami International from a “buy” rating to a “hold” rating in a report on Sunday, August 23rd. Zacks Research downgraded Miami International from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 26th. Rosenblatt Securities reduced their price target on Miami International from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, October 27th. Weiss Ratings cut shares of Miami International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, October 28th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Miami International from $46.00 to $48.00 and gave the company a “market perform” rating in a report on Friday, August 7th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Miami International currently has a consensus rating of “Hold” and a consensus price target of $49.00.
Read Our Latest Research Report on MIAX
Miami International Company Profile
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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