Key Points
- EVP Shelly Brown sold 21,217 MIAX shares at an average price of $38.61, generating $819,188.37. The Rule 10b5-1 transaction reduced her holdings by 6.28%, leaving her with 316,490 shares.
- Miami International reported quarterly revenue of $387.63 million, up 34.8% year over year, while earnings of $0.48 per share exceeded analysts’ $0.41 estimate.
- MIAX shares opened at $37.65, near the lower end of their 12-month range. Analysts maintain a consensus “Hold” rating with an average price target of $51.40.
Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) EVP Shelly Brown sold 21,217 shares of the firm's stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $38.61, for a total value of $819,188.37. Following the completion of the sale, the executive vice president owned 316,490 shares of the company's stock, valued at approximately $12,219,678.90. This trade represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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, July 6th, Shelly Brown sold 16,000 shares of Miami International stock. The stock was sold at an average price of $42.13, for a total transaction of $674,080.00.
Miami International Stock Down 1.0%
Shares of NYSE:MIAX opened at $37.65 on Friday. Miami International Holdings, Inc. has a 12 month low of $35.43 and a 12 month high of $57.14. The company's 50-day moving average price is $42.91 and its two-hundred day moving average price is $43.08. The firm has a market cap of $3.74 billion and a P/E ratio of 48.89.
Miami International (NYSE:MIAX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.07. Miami International had a net margin of 9.70% and a return on equity of 16.95%. The firm had revenue of $387.63 million during the quarter. During the same quarter in the previous year, the business posted $0.48 EPS. The company's revenue was up 34.8% compared to the same quarter last year. As a group, equities analysts predict that Miami International Holdings, Inc. will post 1.7 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Morgan Stanley lowered shares of Miami International from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $53.00 to $50.00 in a report on Tuesday, September 1st. Keefe, Bruyette & Woods upped their price objective on Miami International from $46.00 to $48.00 and gave the stock a "market perform" rating in a report on Friday, August 7th. Wall Street Zen lowered Miami International from a "buy" rating to a "hold" rating in a research report on Sunday, August 23rd. Weiss Ratings reissued a "hold (c)" rating on shares of Miami International in a research note on Friday, August 7th. Finally, Rosenblatt Securities boosted their target price on Miami International from $61.00 to $62.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $51.40.
Get Our Latest Stock Analysis on MIAX
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Miami International during the second quarter worth approximately $5,618,000. BNP Paribas Financial Markets bought a new position in Miami International in the fourth quarter valued at approximately $8,477,000. Philadelphia Financial Management of San Francisco LLC bought a new position in Miami International in the second quarter valued at approximately $8,313,249. Arrowstreet Capital Limited Partnership acquired a new stake in Miami International during the 1st quarter worth $5,834,000. Finally, Renaissance Technologies LLC grew its holdings in Miami International by 39.2% during the 1st quarter. Renaissance Technologies LLC now owns 271,500 shares of the company's stock worth $10,567,000 after acquiring an additional 76,401 shares during the period.
Miami International Company Profile
(
Get Free Report)
Miami International Holdings, Inc (NYSE: MIAX) operates a global exchange group focused on financial markets and trading infrastructure. Its business includes the MIAX Exchange Group, which operates electronic options and equities exchanges serving institutional, professional and other market participants.
The company's exchange platforms include MIAX, MIAX Pearl and MIAX Emerald for listed options, as well as MIAX Sapphire for equities. Miami International Holdings also provides exchange-related services such as market data, connectivity and trading technology designed to support efficient order execution and liquidity across its marketplaces.
Founded in 2007, the company has expanded beyond its U.S.
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