Sapient Capital LLC acquired a new position in shares of Miami International Holdings, Inc. (NYSE:MIAX – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 26,612 shares of the company’s stock, valued at approximately $989,000.
A number of other large investors have also recently bought and sold shares of MIAX. Vanguard Group Inc. purchased a new position in Miami International during the third quarter worth $55,660,000. Alyeska Investment Group L.P. purchased a new stake in shares of Miami International in the third quarter valued at $50,959,000. Invesco Ltd. lifted its position in shares of Miami International by 178.8% in the fourth quarter. Invesco Ltd. now owns 1,278,966 shares of the company’s stock valued at $56,761,000 after acquiring an additional 820,246 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Miami International by 196.5% during the first quarter. Bank of America Corp DE now owns 900,882 shares of the company’s stock valued at $35,062,000 after acquiring an additional 597,021 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its stake in shares of Miami International by 24.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,025,712 shares of the company’s stock valued at $134,282,000 after acquiring an additional 595,096 shares during the last quarter.
Insider Transactions at Miami International
In related news, EVP Douglas M. Schafer, Jr. sold 48,000 shares of Miami International stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $42.84, for a total value of $2,056,320.00. Following the transaction, the executive vice president owned 396,681 shares in the company, valued at approximately $16,993,814.04. This trade represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Lance Emmons sold 35,000 shares of Miami International stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $56.36, for a total value of $1,972,600.00. Following the completion of the transaction, the chief financial officer directly owned 84,262 shares in the company, valued at $4,749,006.32. This represents a 29.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 682,508 shares of company stock valued at $29,673,638. Corporate insiders own 15.60% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Analysis on MIAX
Miami International Stock Performance
MIAX opened at $43.62 on Tuesday. Miami International Holdings, Inc. has a 1 year low of $28.63 and a 1 year high of $57.14. The company’s 50 day simple moving average is $41.50 and its 200 day simple moving average is $42.94. The stock has a market capitalization of $4.14 billion and a PE ratio of 56.65.
Miami International (NYSE:MIAX – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. The company had revenue of $387.63 million for the quarter. Miami International had a net margin of 9.70% and a return on equity of 17.98%. The business’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.48 EPS. As a group, sell-side analysts expect that Miami International Holdings, Inc. will post 1.67 earnings per share for the current fiscal 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.
Read More
- Five stocks we like better than Miami International
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
- These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
- First Solar’s Profit Engine Faces a New Policy Test in Washington
Want to see what other hedge funds are holding MIAX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Miami International Holdings, Inc. (NYSE:MIAX – Free Report).
Receive News & Ratings for Miami International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Miami International and related companies with MarketBeat.com's FREE daily email newsletter.
