Handelsbanken Fonder AB Invests $743,000 in Miami International Holdings, Inc. $MIAX

Handelsbanken Fonder AB acquired a new stake in Miami International Holdings, Inc. (NYSE:MIAX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,000 shares of the company’s stock, valued at approximately $743,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State of Wyoming acquired a new position in Miami International in the fourth quarter valued at approximately $26,000. National Bank of Canada FI acquired a new stake in Miami International during the third quarter worth approximately $29,000. Comerica Bank raised its holdings in Miami International by 295.6% during the fourth quarter. Comerica Bank now owns 1,254 shares of the company’s stock worth $56,000 after purchasing an additional 937 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of Miami International during the 1st quarter worth approximately $61,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Miami International during the 4th quarter worth approximately $66,000.

Miami International Price Performance

Shares of NYSE:MIAX opened at $40.55 on Thursday. Miami International Holdings, Inc. has a 1-year low of $31.60 and a 1-year high of $57.14. The stock has a market cap of $4.02 billion and a P/E ratio of 52.66. The firm has a fifty day moving average price of $41.84 and a 200 day moving average price of $42.95.

Miami International (NYSE:MIAX) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. Miami International had a net margin of 9.70% and a return on equity of 16.95%. The company had revenue of $387.63 million for the quarter. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The company’s revenue for the quarter was up 34.8% compared to the same quarter last year. Sell-side analysts expect that Miami International Holdings, Inc. will post 1.69 EPS for the current fiscal year.

Analyst Ratings Changes

MIAX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Miami International from $41.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Morgan Stanley boosted their price target on shares of Miami International from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Rosenblatt Securities upped their price objective on shares of Miami International from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Miami International in a report on Friday, August 7th. Finally, Wall Street Zen upgraded Miami International from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $52.00.

Insider Activity at Miami International

In other Miami International news, CEO Thomas P. Gallagher sold 70,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $42.36, for a total transaction of $2,965,200.00. Following the completion of the sale, the chief executive officer directly owned 1,723,275 shares of the company’s stock, valued at $72,997,929. This represents a 3.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Barbara J. Comly sold 44,445 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $45.69, for a total value of $2,030,692.05. Following the sale, the executive vice president directly owned 882,984 shares of the company’s stock, valued at $40,343,538.96. The trade was a 4.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 647,508 shares of company stock worth $27,701,038 in the last quarter. Company insiders own 15.60% of the company’s stock.

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.