Miami International Holdings, Inc. (NYSE:MIAX – Get Free Report) Director Kurt Eckert sold 5,250 shares of the stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $39.35, for a total transaction of $206,587.50. Following the sale, the director directly owned 149,612 shares in the company, valued at $5,887,232.20. This represents a 3.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Miami International Trading Up 4.2%
MIAX traded up $1.75 during trading hours on Tuesday, hitting $43.61. 2,183,781 shares of the company’s stock were exchanged, compared to its average volume of 1,602,494. Miami International Holdings, Inc. has a 12-month low of $28.63 and a 12-month high of $57.14. The firm has a 50 day moving average of $44.82 and a 200 day moving average of $43.06. The firm has a market cap of $4.14 billion and a P/E ratio of 45.42.
Miami International (NYSE:MIAX – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. The business had revenue of $369.69 million during the quarter, compared to analysts’ expectations of $122.74 million. During the same period in the prior year, the business earned $0.38 EPS. The business’s quarterly revenue was up 40.0% on a year-over-year basis. As a group, research analysts expect that Miami International Holdings, Inc. will post 1.53 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in MIAX. T. Rowe Price Investment Management Inc. raised its position in shares of Miami International by 24.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,025,712 shares of the company’s stock worth $134,282,000 after acquiring an additional 595,096 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Miami International by 39.5% in the fourth quarter. Vanguard Group Inc. now owns 1,928,286 shares of the company’s stock valued at $85,577,000 after purchasing an additional 545,770 shares in the last quarter. Horizon Kinetics Asset Management LLC increased its stake in Miami International by 31.6% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,819,798 shares of the company’s stock valued at $80,763,000 after purchasing an additional 437,395 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings in Miami International by 1.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,286,086 shares of the company’s stock worth $57,076,000 after purchasing an additional 20,350 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Miami International by 178.8% during the fourth quarter. Invesco Ltd. now owns 1,278,966 shares of the company’s stock worth $56,761,000 after purchasing an additional 820,246 shares in the last quarter.
About Miami International
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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