Key Points
- Director Cynthia Schwarzkopf sold 19,500 shares of Miami International (NYSE:MIAX) on June 11 at an average price of $41.73, totaling about $813,735. After the sale, she still held 81,308 shares.
- The transaction reduced her stake by 19.34%, according to the SEC filing referenced in the article.
- MIAX shares were trading higher and opened Friday at $43.24, while the company reported strong quarterly results earlier this year, including earnings and revenue that beat analyst estimates.
Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) Director Cynthia Schwarzkopf sold 19,500 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $41.73, for a total transaction of $813,735.00. Following the completion of the transaction, the director owned 81,308 shares in the company, valued at $3,392,982.84. This represents a 19.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Miami International Trading Up 4.8%
MIAX stock opened at $43.24 on Friday. The company has a market capitalization of $4.10 billion and a P/E ratio of 45.04. Miami International Holdings, Inc. has a twelve month low of $28.63 and a twelve month high of $57.14. The business has a 50 day simple moving average of $46.25 and a 200-day simple moving average of $43.73.
Miami International (NYSE:MIAX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. The firm had revenue of $369.69 million during the quarter, compared to analyst estimates of $122.74 million. Miami International's revenue was up 40.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 earnings per share. Research analysts predict that Miami International Holdings, Inc. will post 1.53 EPS for the current fiscal year.
Institutional Investors Weigh In On Miami International
Hedge funds have recently modified their holdings of the stock. State of Wyoming acquired a new stake in shares of Miami International during the fourth quarter worth $26,000. National Bank of Canada FI acquired a new stake in shares of Miami International during the third quarter worth $29,000. Comerica Bank lifted its holdings in shares of Miami International by 295.6% during the fourth quarter. Comerica Bank now owns 1,254 shares of the company's stock worth $56,000 after purchasing an additional 937 shares during the period. Fifth Third Bancorp acquired a new stake in shares of Miami International during the first quarter worth $61,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Miami International during the fourth quarter worth $66,000.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on MIAX. Weiss Ratings raised Miami International from a "sell (d+)" rating to a "hold (c)" rating in a report on Monday, May 11th. Morgan Stanley increased their price objective on Miami International from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, April 10th. JPMorgan Chase & Co. increased their price objective on Miami International from $41.00 to $45.00 and gave the company a "neutral" rating in a report on Thursday, May 7th. Wall Street Zen downgraded Miami International from a "buy" rating to a "hold" rating in a report on Sunday, May 17th. Finally, Rosenblatt Securities increased their price objective on Miami International from $59.00 to $61.00 and gave the company a "buy" rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Miami International has an average rating of "Moderate Buy" and an average target price of $51.20.
View Our Latest Stock Analysis on MIAX
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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