Key Points
- EVP Shelly Brown sold 900 MIAX shares on April 7 at $42.00 (proceeds $37,800) under a pre-arranged Rule 10b5-1 plan, and still holds 324,147 shares; across recent trades on Mar. 23–Apr. 7 she disposed of about 29,189 shares for roughly $1.16 million.
- MIAX stock opened at $42.20 (market cap ~$3.87B, P/E 78.15, 52-week range $28.63–$51.38) and the company recently beat quarterly EPS and revenue estimates; analysts hold a consensus rating of "Hold" with a $47.20 target.
Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) EVP Shelly Brown sold 900 shares of the company's stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $42.00, for a total transaction of $37,800.00. Following the completion of the sale, the executive vice president directly owned 324,147 shares in the company, valued at approximately $13,614,174. The trade was a 0.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Shelly Brown also recently made the following trade(s):
- On Monday, April 6th, Shelly Brown sold 2,357 shares of Miami International stock. The shares were sold at an average price of $41.33, for a total transaction of $97,414.81.
- On Monday, March 23rd, Shelly Brown sold 25,932 shares of Miami International stock. The shares were sold at an average price of $39.33, for a total transaction of $1,019,905.56.
Miami International Stock Performance
Shares of MIAX stock opened at $42.20 on Thursday. The firm's 50-day moving average is $40.50 and its 200-day moving average is $42.79. The stock has a market cap of $3.87 billion and a price-to-earnings ratio of 78.15. Miami International Holdings, Inc. has a 52-week low of $28.63 and a 52-week high of $51.38.
Miami International (NYSE:MIAX - Get Free Report) last issued its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.11. The firm had revenue of $369.43 million during the quarter, compared to the consensus estimate of $121.13 million. The firm's revenue for the quarter was up 14.0% on a year-over-year basis.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in MIAX. State of Wyoming acquired a new position in shares of Miami International during the 4th quarter worth approximately $26,000. National Bank of Canada FI acquired a new position in shares of Miami International during the 3rd quarter worth approximately $29,000. Comerica Bank grew its position in shares of Miami International by 295.6% during the 4th quarter. Comerica Bank now owns 1,254 shares of the company's stock worth $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 during the 4th quarter worth approximately $66,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of Miami International during the 3rd quarter worth approximately $101,000.
Analysts Set New Price Targets
MIAX has been the topic of a number of research reports. Rosenblatt Securities reiterated a "buy" rating and issued a $59.00 price target on shares of Miami International in a research note on Tuesday. Keefe, Bruyette & Woods initiated coverage on shares of Miami International in a research note on Wednesday. They issued a "market perform" rating and a $40.00 price target on the stock. Weiss Ratings reiterated a "sell (d+)" rating on shares of Miami International in a research note on Friday, March 27th. Wall Street Zen lowered shares of Miami International from a "buy" rating to a "hold" rating in a research note on Saturday, March 28th. Finally, Zacks Research lowered shares of Miami International from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 1st. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $47.20.
Get Our Latest Report 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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