Miami International (NYSE:MIAX) EVP Sells $1,019,905.56 in Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Shelly Brown sold 25,932 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $39.33, for a total transaction of $1,019,905.56. Following the sale, the executive vice president directly owned 299,197 shares in the company, valued at $11,767,418.01. This trade represents a 7.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Miami International Price Performance

NYSE MIAX opened at $37.30 on Friday. The company’s 50 day simple moving average is $40.94 and its two-hundred day simple moving average is $42.63. Miami International Holdings, Inc. has a 1 year low of $28.63 and a 1 year high of $51.38. The stock has a market capitalization of $3.42 billion and a PE ratio of 69.06.

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

Institutional Trading of Miami International

A number of hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Miami International in the 3rd quarter worth approximately $17,684,000. Coastal Bridge Advisors LLC bought a new position in shares of Miami International during the 3rd quarter valued at $3,083,000. Victory Capital Management Inc. purchased a new position in Miami International in the 3rd quarter worth $12,168,000. Federated Hermes Inc. purchased a new position in Miami International in the 3rd quarter worth $10,065,000. Finally, Pekin Hardy Strauss Inc. bought a new stake in Miami International in the third quarter worth $1,033,000.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Zacks Research lowered Miami International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Wall Street Zen downgraded Miami International from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “sell (d+)” rating on shares of Miami International in a research report on Monday, December 29th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $59.00 target price on shares of Miami International in a research note on Thursday, March 5th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Miami International has an average rating of “Hold” and an average 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.