Miami International (NYSE:MIAX) EVP Barbara Comly Sells 56,022 Shares of Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Barbara Comly sold 56,022 shares of Miami International stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $35.07, for a total value of $1,964,691.54. Following the sale, the executive vice president directly owned 839,564 shares of the company’s stock, valued at $29,443,509.48. This represents a 6.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Stock Performance

Shares of MIAX stock traded up $1.12 on Wednesday, hitting $34.98. The company’s stock had a trading volume of 1,468,475 shares, compared to its average volume of 1,569,230. The stock’s 50 day moving average is $36.12 and its 200-day moving average is $41.23. Miami International Holdings, Inc. has a fifty-two week low of $29.06 and a fifty-two week high of $57.14. The company has a market capitalization of $3.47 billion, a PE ratio of 12.96 and a beta of 1.73.

Miami International (NYSE:MIAX) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $376.18 million for the quarter. Miami International had a net margin of 19.75% and a return on equity of 19.93%. Miami International’s revenue was up 243.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 earnings per share. On average, research analysts forecast that Miami International Holdings, Inc. will post 1.73 earnings per share for the current year.

Wall Street Analyst Weigh In

MIAX has been the subject of a number of analyst reports. Morgan Stanley dropped their price target on shares of Miami International from $50.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, October 9th. Wall Street Zen downgraded Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, August 23rd. Zacks Research lowered Miami International from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 26th. Weiss Ratings cut Miami International from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, October 28th. Finally, Keefe, Bruyette & Woods upped their target price on Miami International from $46.00 to $48.00 and gave the company a “market perform” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.00.

Hedge Funds Weigh In On Miami International

Several hedge funds have recently bought and sold shares of MIAX. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Miami International in the 2nd quarter valued at approximately $5,618,000. HighTower Advisors LLC grew its holdings in shares of Miami International by 290.6% during the 2nd quarter. HighTower Advisors LLC now owns 112,298 shares of the company’s stock valued at $4,173,000 after purchasing an additional 83,547 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC acquired a new position in Miami International during the 2nd quarter worth approximately $8,313,249. Arrowstreet Capital Limited Partnership acquired a new position in Miami International during the 1st quarter worth approximately $5,834,000. Finally, J Digital 6 LLC bought a new position in Miami International in the 2nd quarter valued at approximately $67,157,000.

Miami International Company Profile

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.