Key Points
- EVP Douglas Schafer, Jr. sold 48,000 shares of Miami International on March 17 at an average price of $39.74 for a total of $1,907,520, reducing his stake by 10.79% to 396,681 shares (valued at ~ $15.76M).
- Miami International beat recent quarterly expectations with EPS of $0.52 vs. $0.41 consensus and reported revenue of $369.43 million, up 14% year-over-year.
- Analysts are mixed: the consensus rating is a "Hold" with a $48 target; the stock trades near $39.54 (market cap ~$3.62B, P/E 73.21) and has a 12‑month range of $28.63–$51.38.
Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) EVP Douglas Schafer, Jr. sold 48,000 shares of Miami International stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $39.74, for a total value of $1,907,520.00. Following the completion of the transaction, the executive vice president owned 396,681 shares of the company's stock, valued at approximately $15,764,102.94. The trade was a 10.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Miami International Trading Down 0.7%
Shares of NYSE MIAX opened at $39.54 on Thursday. The company has a market capitalization of $3.62 billion and a price-to-earnings ratio of 73.21. Miami International Holdings, Inc. has a twelve month low of $28.63 and a twelve month high of $51.38. The business has a 50 day simple moving average of $41.48 and a 200-day simple moving average of $42.55.
Miami International (NYSE:MIAX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.11. The firm had revenue of $369.43 million for the quarter, compared to the consensus estimate of $121.13 million. The business's revenue was up 14.0% compared to the same quarter last year.
Hedge Funds Weigh In On Miami International
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new position in Miami International in the 3rd quarter worth approximately $17,684,000. Caldwell Investment Management Ltd. bought a new stake in Miami International during the 3rd quarter valued at $27,056,000. Emerald Mutual Fund Advisers Trust acquired a new position in Miami International during the 3rd quarter worth $101,000. Atlas Wealth Partners LLC acquired a new position in Miami International during the 3rd quarter worth $881,000. Finally, Federated Hermes Inc. bought a new position in shares of Miami International in the third quarter worth $10,065,000.
Analysts Set New Price Targets
Several research analysts have recently commented on MIAX shares. Wall Street Zen raised shares of Miami International from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Rosenblatt Securities reiterated a "buy" rating and set a $59.00 price objective on shares of Miami International in a research note on Thursday, March 5th. Zacks Research downgraded Miami International from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 1st. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Miami International in a report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $48.00.
View Our Latest Stock Analysis on MIAX
About Miami International
(
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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