one8zero8 LLC Makes New $1.04 Million Investment in Miami International Holdings, Inc. $MIAX

one8zero8 LLC purchased a new stake in Miami International Holdings, Inc. (NYSE:MIAX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,965 shares of the company’s stock, valued at approximately $1,039,000.

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

Insider Buying and Selling at Miami International

In related news, EVP Douglas M. Schafer, Jr. sold 48,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $42.84, for a total value of $2,056,320.00. Following the transaction, the executive vice president owned 396,681 shares in the company, valued at approximately $16,993,814.04. This represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Barbara J. Comly sold 44,445 shares of Miami International stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $45.69, for a total transaction of $2,030,692.05. Following the completion of the sale, the executive vice president owned 882,984 shares of the company’s stock, valued at $40,343,538.96. This trade represents 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 over the last 90 days. 15.60% of the stock is currently owned by corporate insiders.

Miami International Stock Performance

MIAX stock opened at $40.55 on Thursday. The firm has a 50 day simple moving average of $41.84 and a 200 day simple moving average of $42.95. Miami International Holdings, Inc. has a 52 week low of $31.60 and a 52 week high of $57.14. The stock has a market cap of $4.02 billion and a P/E ratio of 52.66.

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

Wall Street Analyst Weigh In

A number of analysts have commented on MIAX shares. Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Rosenblatt Securities lifted their target price on shares of Miami International from $61.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Miami International in a research report on Friday, August 7th. JPMorgan Chase & Co. lifted their price objective on shares of Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Morgan Stanley increased their target price on Miami International from $50.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Miami International currently has an average rating of “Hold” and an average target price of $52.00.

Miami International 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.