Miami International (NYSE:MIAX) Director Judson Gray Teekell Sells 2,700 Shares of Stock

Miami International Holdings, Inc. (NYSE:MIAX) Director Judson Gray Teekell sold 2,700 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $40.00, for a total transaction of $108,000.00. Following the sale, the director owned 59,338 shares of the company’s stock, valued at approximately $2,373,520. This trade represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Trading Down 0.1%

MIAX stock traded down $0.03 during midday trading on Friday, hitting $40.15. The stock had a trading volume of 1,567,969 shares, compared to its average volume of 1,346,312. The firm has a market cap of $3.68 billion and a P/E ratio of 74.34. Miami International Holdings, Inc. has a 1-year low of $28.63 and a 1-year high of $51.38. The business has a fifty day moving average price of $40.56 and a two-hundred day moving average price of $42.67.

Miami International (NYSE:MIAX) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. The business had revenue of $369.43 million for the quarter, compared to analyst estimates of $121.13 million. The company’s quarterly revenue was up 14.0% on a year-over-year basis.

Hedge Funds Weigh In On Miami International

Large investors have recently modified their holdings of the company. Vanguard Group Inc. bought a new stake in Miami International during the 3rd quarter valued at $55,660,000. Alyeska Investment Group L.P. bought a new position in shares of Miami International in the third quarter valued at $50,959,000. Invesco Ltd. grew its holdings in shares of Miami International by 178.8% during the fourth quarter. Invesco Ltd. now owns 1,278,966 shares of the company’s stock valued at $56,761,000 after buying an additional 820,246 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Miami International during the third quarter valued at about $32,679,000. Finally, North Reef Capital Management LP bought a new stake in shares of Miami International during the third quarter worth about $29,221,000.

Analysts Set New Price Targets

MIAX has been the subject of a number of research analyst reports. Zacks Research downgraded Miami International from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Wall Street Zen downgraded shares of Miami International from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Rosenblatt Securities reiterated a “buy” rating and set a $59.00 target price on shares of Miami International in a research report on Thursday, March 5th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Miami International in a research note on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $48.00.

About Miami International

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.