Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) EVP Barbara Comly sold 23,339 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $35.10, for a total value of $819,198.90. Following the transaction, the executive vice president directly owned 839,564 shares of the company's stock, valued at approximately $29,468,696.40. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Miami International Price Performance
MIAX opened at $34.98 on Thursday. The business has a 50 day simple moving average of $35.93 and a 200-day simple moving average of $41.20. The stock has a market capitalization of $3.50 billion, a P/E ratio of 18.11 and a beta of 1.73. Miami International Holdings, Inc. has a 12 month low of $29.06 and a 12 month high of $57.14.
Miami International (NYSE:MIAX - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. Miami International had a return on equity of 19.06% and a net margin of 19.75%. The firm had revenue of $376.18 million for the quarter. During the same period in the prior year, the company earned $0.42 EPS. The company's revenue was up 243.6% on a year-over-year basis. Research analysts anticipate that Miami International Holdings, Inc. will post 1.76 EPS for the current year.
Analyst Ratings Changes
MIAX has been the topic of several research analyst reports. Morgan Stanley decreased their target price on shares of Miami International from $50.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Friday, October 9th. Keefe, Bruyette & Woods increased their price target on shares of Miami International from $46.00 to $48.00 and gave the company a "market perform" rating in a report on Friday, August 7th. Weiss Ratings cut shares of Miami International from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, October 28th. Zacks Research downgraded shares of Miami International from a "strong-buy" rating to a "hold" rating in a report on Monday, October 26th. Finally, Rosenblatt Securities decreased their price objective on shares of Miami International from $62.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, October 27th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Miami International has a consensus rating of "Hold" and a consensus price target of $49.00.
Get Our Latest Stock Analysis on MIAX
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Miami International in the 2nd quarter worth about $188,466,000. J Digital 6 LLC acquired a new stake in Miami International in the 2nd quarter valued at about $67,157,000. Allspring Global Investments Holdings LLC grew its stake in Miami International by 19.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,112,261 shares of the company's stock valued at $43,790,000 after acquiring an additional 180,208 shares during the last quarter. Bank of America Corp DE increased its holdings in Miami International by 196.5% during the 1st quarter. Bank of America Corp DE now owns 900,882 shares of the company's stock valued at $35,062,000 after acquiring an additional 597,021 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Miami International by 1,646.6% during the 2nd quarter. NewEdge Advisors LLC now owns 681,610 shares of the company's stock valued at $25,329,000 after acquiring an additional 642,585 shares in the last quarter.
Miami International Company Profile
(
Get Free Report)
Miami International Holdings, Inc (NYSE: MIAX) is a financial exchange operator that owns and manages regulated marketplaces for the trading of options and other securities. Through its exchange platforms, the company provides electronic trading, order matching, market data and related services to brokers, market makers, institutional investors and other market participants.
The company operates the MIAX exchange family, which includes MIAX, MIAX Pearl and MIAX Emerald, as well as related equities and options trading venues.
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