Key Points
- Kurt Eckert, a director of Miami International, sold 37,917 shares on March 19 at an average price of $39.00 for roughly $1.48 million, cutting his stake by 21.03% to 142,375 shares.
- The company reported quarterly EPS of $0.52 versus a $0.41 consensus and revenue of $369.43 million, a 14.0% year-over-year increase.
- Analysts are mixed—MarketBeat shows a consensus "Hold" with a $48 target—while the stock trades near $39.17, has a market cap of $3.59 billion and a P/E of 72.54 (52-week range: $28.63–$51.38).
Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) Director Kurt Eckert sold 37,917 shares of Miami International stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $39.00, for a total value of $1,478,763.00. Following the completion of the transaction, the director owned 142,375 shares of the company's stock, valued at approximately $5,552,625. This trade represents a 21.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
Miami International Stock Up 0.4%
NYSE MIAX opened at $39.17 on Friday. Miami International Holdings, Inc. has a 52 week low of $28.63 and a 52 week high of $51.38. The firm has a market capitalization of $3.59 billion and a price-to-earnings ratio of 72.54. The company has a fifty day moving average of $41.34 and a two-hundred day moving average of $42.54.
Miami International (NYSE:MIAX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, beating 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 company's revenue for the quarter was up 14.0% on a year-over-year basis.
Hedge Funds Weigh In On Miami International
A number of large investors have recently made changes to their positions in MIAX. State of Wyoming acquired a new position in Miami International during the 4th quarter valued at about $26,000. National Bank of Canada FI purchased a new stake in Miami International during the 3rd quarter worth approximately $29,000. Comerica Bank increased 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 purchasing an additional 937 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Miami International in the 4th quarter valued at $66,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in Miami International in the 3rd quarter worth $101,000.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on MIAX. Zacks Research cut shares of Miami International from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 1st. Weiss Ratings reiterated a "sell (d+)" rating on shares of Miami International in a report on Monday, December 29th. Wall Street Zen raised shares of Miami International from a "hold" rating to a "buy" rating in a research note on Saturday, March 7th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $59.00 price objective on shares of Miami International in a report on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $48.00.
View Our Latest Stock Report 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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