Key Points
- Director Murray Stahl purchased 7,200 MIAX shares on March 4 at $43.38 each for $312,336, raising his direct stake to 4,696,666 shares (a 0.15% increase), after selling 121,054 shares on March 2 for about $4.95 million.
- Miami International beat expectations for the quarter with EPS of $0.52 versus $0.41 expected and revenue of $369.43 million, up 14% year-over-year.
- MIAX traded down ~0.7% to $42.07, carries a market cap of $3.43 billion and a P/E of 77.9, and has a Wall Street consensus rating of “Hold” with an average price target of $48.00.
Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) Director Murray Stahl bought 7,200 shares of the firm's stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average cost of $43.38 per share, with a total value of $312,336.00. Following the completion of the purchase, the director directly owned 4,696,666 shares of the company's stock, valued at $203,741,371.08. This represents a 0.15% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Murray Stahl also recently made the following trade(s):
- On Monday, March 2nd, Murray Stahl sold 121,054 shares of Miami International stock. The stock was sold at an average price of $40.92, for a total transaction of $4,953,529.68.
Miami International Trading Down 0.7%
Shares of MIAX traded down $0.31 during mid-day trading on Friday, reaching $42.07. The company's stock had a trading volume of 339,027 shares, compared to its average volume of 1,318,579. Miami International Holdings, Inc. has a 1-year low of $28.63 and a 1-year high of $51.38. The stock has a market cap of $3.43 billion and a PE ratio of 77.91. The business's 50-day moving average price is $42.40.
Miami International (NYSE:MIAX - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.11. The company had revenue of $369.43 million during the quarter, compared to the consensus estimate of $121.13 million. Miami International's quarterly revenue was up 14.0% on a year-over-year basis.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. purchased a new position in Miami International in the 3rd quarter worth approximately $55,660,000. Alyeska Investment Group L.P. bought a new position in shares of Miami International in the 3rd quarter worth about $50,959,000. Invesco Ltd. lifted its position in Miami International by 178.8% during the 4th 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 during the period. JPMorgan Chase & Co. purchased a new position in shares of Miami International during the third quarter valued at approximately $32,679,000. Finally, North Reef Capital Management LP purchased a new position in Miami International during the third quarter valued at $29,221,000.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on MIAX shares. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Miami International in a report on Monday, December 29th. Rosenblatt Securities restated a "buy" rating and set a $59.00 price objective on shares of Miami International in a research report on Thursday. Keefe, Bruyette & Woods boosted their price target on Miami International from $43.00 to $44.00 and gave the stock a "market perform" rating in a report on Thursday, November 6th. Zacks Research downgraded Miami International from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 1st. Finally, Wall Street Zen cut shares of Miami International from a "buy" rating to a "hold" rating in a research report on Saturday, January 17th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Miami International currently has a consensus rating of "Hold" and an average price target of $48.00.
View Our Latest Analysis on Miami International
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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