Key Points
- EVP Shelly Brown sold 25,932 shares of Miami International at an average price of $39.33 for about $1.02 million, reducing her stake by 7.98% to 299,197 shares (valued at ~$11.77 million).
- Q4 results beat expectations: Miami International reported $0.52 EPS vs. $0.41 consensus and revenue of $369.43M (up 14% year-over-year), yet the stock traded down about 2.3% to $38.54 and carries a consensus "Hold" rating with an average price target of $48.00.
- Major institutions have recently built or expanded positions—Vanguard and Alyeska added large new stakes and Invesco boosted its holding by 178.8% to 1,278,966 shares (worth roughly $56.8M).
Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) EVP Shelly Brown sold 25,932 shares of Miami International stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $39.33, for a total value of $1,019,905.56. Following the completion of the transaction, the executive vice president directly owned 299,197 shares of the company's stock, valued at $11,767,418.01. This represents a 7.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Miami International Stock Down 2.3%
Shares of NYSE:MIAX opened at $38.54 on Thursday. The firm has a market cap of $3.53 billion and a P/E ratio of 71.37. Miami International Holdings, Inc. has a 12 month low of $28.63 and a 12 month high of $51.38. The company's 50-day moving average price is $41.14 and its two-hundred day moving average price is $42.66.
Miami International (NYSE:MIAX - Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.11. The company had revenue of $369.43 million for the quarter, compared to analyst estimates of $121.13 million. The company's revenue for the quarter was up 14.0% compared to the same quarter last year.
Hedge Funds Weigh In On Miami International
Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. acquired a new stake in Miami International during the 3rd quarter worth $55,660,000. Alyeska Investment Group L.P. acquired a new position in shares of Miami International in the 3rd quarter valued at $50,959,000. Invesco Ltd. boosted its position in shares of Miami International by 178.8% in the 4th quarter. Invesco Ltd. now owns 1,278,966 shares of the company's stock worth $56,761,000 after purchasing an additional 820,246 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Miami International in the 3rd quarter worth $32,679,000. Finally, North Reef Capital Management LP acquired a new stake in shares of Miami International during the third quarter worth $29,221,000.
Wall Street Analysts Forecast Growth
MIAX has been the topic of a number of recent research reports. Rosenblatt Securities reiterated a "buy" rating and issued a $59.00 price objective on shares of Miami International in a research report on Thursday, March 5th. Wall Street Zen upgraded Miami International from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Miami International in a research note on Monday, December 29th. Finally, Zacks Research cut Miami International from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 1st. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Miami International has a consensus rating of "Hold" and an average price target of $48.00.
Check Out 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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