Miami International (NYSE:MIAX) EVP Barbara Comly Sells 28,000 Shares

Miami International Holdings, Inc. (NYSE:MIAX) EVP Barbara Comly sold 28,000 shares of the stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $41.98, for a total transaction of $1,175,440.00. Following the completion of the transaction, the executive vice president directly owned 882,984 shares of the company’s stock, valued at approximately $37,067,668.32. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Stock Performance

Miami International stock opened at $41.10 on Wednesday. The stock’s 50 day simple moving average is $44.28 and its two-hundred day simple moving average is $42.93. The stock has a market cap of $3.90 billion and a price-to-earnings ratio of 42.81. Miami International Holdings, Inc. has a fifty-two week low of $28.63 and a fifty-two week high of $57.14.

Miami International (NYSE:MIAX) last posted its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The firm had revenue of $369.69 million for the quarter, compared to analysts’ expectations of $122.74 million. During the same quarter last year, the company posted $0.38 EPS. The firm’s revenue was up 40.0% on a year-over-year basis. On average, analysts predict that Miami International Holdings, Inc. will post 1.6 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on MIAX. JPMorgan Chase & Co. upped their price target on Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Rosenblatt Securities raised their price objective on Miami International from $59.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Morgan Stanley boosted their target price on shares of Miami International from $50.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Zacks Research downgraded shares of Miami International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Keefe, Bruyette & Woods increased their price target on shares of Miami International from $40.00 to $48.00 and gave the stock a “market perform” rating in a research note on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $51.80.

Institutional Investors Weigh In On Miami International

Hedge funds have recently added to or reduced their stakes in the stock. Mad River Investors raised its position in shares of Miami International by 0.6% in the 4th quarter. Mad River Investors now owns 75,050 shares of the company’s stock worth $3,331,000 after purchasing an additional 450 shares during the last quarter. State of Wyoming purchased a new stake in Miami International during the 4th quarter valued at about $26,000. National Bank of Canada FI purchased a new stake in Miami International during the 3rd quarter valued at about $29,000. First Trust Advisors LP increased its stake in Miami International by 3.5% during the 4th quarter. First Trust Advisors LP now owns 21,671 shares of the company’s stock valued at $962,000 after purchasing an additional 733 shares in the last quarter. Finally, Coastal Bridge Advisors LLC raised its holdings in Miami International by 1.1% in the fourth quarter. Coastal Bridge Advisors LLC now owns 77,415 shares of the company’s stock worth $3,436,000 after buying an additional 850 shares during the last quarter.

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.