Barbara Comly Sells 28,000 Shares of Miami International (NYSE:MIAX) Stock

Miami International Holdings, Inc. (NYSE:MIAXGet Free Report) EVP Barbara Comly sold 28,000 shares of Miami International stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $41.22, for a total value of $1,154,160.00. Following the transaction, the executive vice president owned 882,984 shares of the company’s stock, valued at $36,396,600.48. The trade was a 3.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Stock Up 4.2%

Shares of NYSE MIAX traded up $1.75 during trading on Tuesday, reaching $43.61. The company had a trading volume of 2,183,781 shares, 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 stock has a market cap of $4.14 billion and a PE ratio of 45.42. The business’s 50-day moving average is $44.82 and its 200 day moving average is $43.06.

Miami International (NYSE:MIAXGet Free Report) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $122.74 million. Miami International’s revenue for the quarter was up 40.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 EPS. On average, analysts anticipate that Miami International Holdings, Inc. will post 1.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MIAX. Wall Street Zen cut shares of Miami International from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. JPMorgan Chase & Co. boosted their price objective on shares of Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings raised Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Morgan Stanley lifted 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. Finally, Zacks Research cut Miami International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Miami International currently has a consensus rating of “Hold” and a consensus price target of $51.20.

Read Our Latest Analysis on MIAX

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. State of Wyoming bought a new position in Miami International during the fourth quarter valued at approximately $26,000. National Bank of Canada FI bought a new stake in Miami International in the 3rd quarter worth approximately $29,000. Comerica Bank raised its stake in Miami International by 295.6% during the 4th quarter. Comerica Bank now owns 1,254 shares of the company’s stock valued at $56,000 after buying an additional 937 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of Miami International during the 1st quarter valued at $61,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Miami International during the 4th quarter valued at $66,000.

Miami International Company Profile

(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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