Miami International (NYSE:MIAX) CFO Sells $1,972,600.00 in Stock

Miami International Holdings, Inc. (NYSE:MIAXGet Free Report) CFO Lance Emmons sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $56.36, for a total transaction of $1,972,600.00. Following the sale, the chief financial officer owned 84,262 shares in the company, valued at approximately $4,749,006.32. This trade represents a 29.35% decrease in their position. 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.

Miami International Stock Performance

NYSE MIAX traded down $1.76 during mid-day trading on Monday, reaching $54.41. 1,167,221 shares of the stock were exchanged, compared to its average volume of 1,298,986. Miami International Holdings, Inc. has a 1-year low of $28.63 and a 1-year high of $57.14. The business’s fifty day simple moving average is $43.57 and its 200 day simple moving average is $43.73. The stock has a market capitalization of $5.16 billion and a PE ratio of 56.67.

Miami International (NYSE:MIAXGet Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The firm had revenue of $369.69 million for the quarter, compared to analyst estimates of $122.74 million. During the same quarter last year, the business posted $0.38 EPS. The firm’s revenue was up 40.0% compared to the same quarter last year. On average, analysts anticipate that Miami International Holdings, Inc. will post 1.53 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on MIAX shares. Weiss Ratings upgraded shares of Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Keefe, Bruyette & Woods raised their target price on shares of Miami International from $40.00 to $48.00 and gave the stock a “market perform” rating in a research report on Friday, May 8th. Rosenblatt Securities raised their target price on shares of Miami International from $59.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Wall Street Zen lowered shares of Miami International from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Zacks Research raised shares of Miami International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.20.

Check Out Our Latest Analysis on Miami International

Hedge Funds Weigh In On Miami International

Large investors have recently bought and sold shares of the stock. State of Wyoming purchased a new position in Miami International during the fourth quarter worth approximately $26,000. National Bank of Canada FI purchased a new position in Miami International during the third quarter worth approximately $29,000. Comerica Bank raised its stake in Miami International by 295.6% during the fourth quarter. Comerica Bank now owns 1,254 shares of the company’s stock worth $56,000 after purchasing an additional 937 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Miami International during the fourth quarter worth approximately $66,000. Finally, Fifth Third Bancorp purchased a new position in Miami International during the first quarter worth approximately $61,000.

About Miami International

(Get Free Report)

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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Insider Buying and Selling by Quarter for Miami International (NYSE:MIAX)

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