Shelly Brown Sells 900 Shares of Miami International (NYSE:MIAX) Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Shelly Brown sold 900 shares of the company’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $42.00, for a total value of $37,800.00. Following the completion of the sale, the executive vice president owned 324,147 shares of the company’s stock, valued at approximately $13,614,174. The trade was a 0.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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, April 6th, Shelly Brown sold 2,357 shares of Miami International stock. The shares were sold at an average price of $41.33, for a total value of $97,414.81.
• On Monday, March 23rd, Shelly Brown sold 25,932 shares of Miami International stock. The shares were sold at an average price of $39.33, for a total value of $1,019,905.56.

Miami International Trading Up 2.1%

NYSE MIAX traded up $0.88 on Wednesday, reaching $42.20. 1,065,474 shares of the stock were exchanged, compared to its average volume of 1,353,842. Miami International Holdings, Inc. has a one year low of $28.63 and a one year high of $51.38. The firm has a market capitalization of $3.87 billion and a PE ratio of 78.15. The company’s 50-day simple moving average is $40.48 and its two-hundred day simple moving average is $42.80.

Miami International (NYSE:MIAX) last posted 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 firm had revenue of $369.43 million during the quarter, compared to the consensus estimate of $121.13 million. The company’s quarterly revenue was up 14.0% compared to the same quarter last year.

Institutional Trading of Miami International

Several hedge funds have recently bought and sold shares of MIAX. Caitong International Asset Management Co. Ltd bought a new position in shares of Miami International during the 4th quarter valued at about $66,000. T. Rowe Price Investment Management Inc. increased its holdings in shares of Miami International by 24.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,025,712 shares of the company’s stock worth $134,282,000 after purchasing an additional 595,096 shares during the last quarter. Invesco Ltd. lifted its position in shares of Miami International by 178.8% in the fourth quarter. Invesco Ltd. now owns 1,278,966 shares of the company’s stock worth $56,761,000 after buying an additional 820,246 shares in the last quarter. Delta Global Management LP boosted its stake in Miami International by 452.6% during the fourth quarter. Delta Global Management LP now owns 279,029 shares of the company’s stock valued at $12,383,000 after buying an additional 228,531 shares during the last quarter. Finally, Coastal Bridge Advisors LLC grew its holdings in Miami International by 1.1% during the 4th quarter. Coastal Bridge Advisors LLC now owns 77,415 shares of the company’s stock valued at $3,436,000 after buying an additional 850 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MIAX shares. Keefe, Bruyette & Woods started coverage on Miami International in a research note on Wednesday. They issued a “market perform” rating and a $40.00 price target for the company. Wall Street Zen lowered Miami International from a “buy” rating to a “hold” rating in a research note 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 Tuesday. Weiss Ratings reissued a “sell (d+)” rating on shares of Miami International in a research note on Friday, March 27th. Finally, Zacks Research downgraded Miami International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Miami International currently has a consensus rating of “Hold” and an average price target of $47.20.

Miami International Company Profile

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.