Shares of Miami International Holdings, Inc. (NYSE:MIAX – Get Free Report) have been given an average recommendation of “Hold” by the nine analysts that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $51.20.
A number of equities analysts have recently issued reports on MIAX shares. Weiss Ratings raised 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 upped their price target on Miami International from $40.00 to $48.00 and gave the stock a “market perform” rating in a research note on Friday, May 8th. Wall Street Zen cut Miami International from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. JPMorgan Chase & Co. upped their target price on Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Morgan Stanley increased their target price on Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, April 10th.
Get Our Latest Stock Report on Miami International
Insider Buying and Selling at Miami International
Hedge Funds Weigh In On Miami International
Several large investors have recently bought and sold shares of the stock. Mad River Investors boosted its holdings in Miami International by 0.6% during the 4th quarter. Mad River Investors now owns 75,050 shares of the company’s stock worth $3,331,000 after acquiring an additional 450 shares during the last quarter. State of Wyoming bought a new position in shares of Miami International during the fourth quarter valued at about $26,000. National Bank of Canada FI purchased a new position in Miami International during the third quarter worth about $29,000. First Trust Advisors LP boosted its holdings in Miami International by 3.5% during the fourth quarter. First Trust Advisors LP now owns 21,671 shares of the company’s stock worth $962,000 after purchasing an additional 733 shares during the last quarter. Finally, Coastal Bridge Advisors LLC grew its position in Miami International by 1.1% in the 4th quarter. Coastal Bridge Advisors LLC now owns 77,415 shares of the company’s stock worth $3,436,000 after purchasing an additional 850 shares in the last quarter.
Miami International Stock Down 0.1%
Shares of MIAX stock opened at $40.80 on Friday. The firm has a 50 day moving average of $44.89 and a 200-day moving average of $43.07. The company has a market cap of $3.87 billion and a price-to-earnings ratio of 42.50. Miami International has a 52 week low of $28.63 and a 52 week high of $57.14.
Miami International (NYSE:MIAX – Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $369.69 million for the quarter, compared to the consensus estimate of $122.74 million. The firm’s revenue was up 40.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share. Analysts anticipate that Miami International will post 1.53 earnings per share for the current year.
Miami International Company Profile
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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