Miami International (NYSE:MIAX) Director Acquires $312,336.00 in Stock

Miami International Holdings, Inc. (NYSE:MIAX) Director Murray Stahl purchased 7,200 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were purchased at an average price of $43.38 per share, with a total value of $312,336.00. Following the completion of the purchase, the director owned 4,696,666 shares in the company, valued at approximately $203,741,371.08. This trade represents a 0.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Murray Stahl also recently made the following trade(s):

• On Monday, March 2nd, Murray Stahl sold 121,054 shares of Miami International stock. The stock was sold at an average price of $40.92, for a total transaction of $4,953,529.68.

Miami International Price Performance

NYSE MIAX traded down $0.62 during trading hours on Thursday, hitting $42.20. 506,001 shares of the company’s stock traded hands, compared to its average volume of 1,329,737. Miami International Holdings, Inc. has a 52 week low of $28.63 and a 52 week high of $51.38. The firm has a market capitalization of $3.44 billion and a price-to-earnings ratio of 2,110.00. The stock has a fifty day simple moving average of $42.50.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on MIAX shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Miami International in a research note on Monday, December 29th. Zacks Research cut shares of Miami International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Wall Street Zen lowered Miami International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Keefe, Bruyette & Woods increased their target price on Miami International from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $59.00 price target on shares of Miami International in a report on Thursday. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $48.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. lifted its position in Miami International by 24.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,025,712 shares of the company’s stock valued at $134,282,000 after purchasing an additional 595,096 shares during the last quarter. Vanguard Group Inc. grew its position in Miami International by 39.5% in the fourth quarter. Vanguard Group Inc. now owns 1,928,286 shares of the company’s stock worth $85,577,000 after acquiring an additional 545,770 shares in the last quarter. Horizon Kinetics Asset Management LLC increased its stake in Miami International by 31.6% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,819,798 shares of the company’s stock worth $80,763,000 after acquiring an additional 437,395 shares during the last quarter. Alyeska Investment Group L.P. raised its position in Miami International by 1.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,286,086 shares of the company’s stock valued at $57,076,000 after purchasing an additional 20,350 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Miami International by 178.8% in the 4th quarter. Invesco Ltd. now owns 1,278,966 shares of the company’s stock valued at $56,761,000 after purchasing an additional 820,246 shares during the last quarter.

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.