Tudor Investment Corp ET AL Takes $1.83 Million Position in Miami International Holdings, Inc. $MIAX

Tudor Investment Corp ET AL acquired a new position in Miami International Holdings, Inc. (NYSE:MIAX) during the third quarter, Holdings Channel reports. The institutional investor acquired 45,533 shares of the company’s stock, valued at approximately $1,833,000.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. acquired a new stake in Miami International in the 3rd quarter valued at approximately $55,660,000. Alyeska Investment Group L.P. acquired a new position in shares of Miami International during the third quarter worth approximately $50,959,000. JPMorgan Chase & Co. acquired a new position in shares of Miami International during the third quarter worth approximately $32,679,000. North Reef Capital Management LP bought a new stake in shares of Miami International in the third quarter valued at approximately $29,221,000. Finally, Caldwell Investment Management Ltd. bought a new stake in shares of Miami International in the third quarter valued at approximately $27,056,000.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MIAX shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Miami International in a research report on Monday, December 29th. Rosenblatt Securities reissued a “buy” rating and issued a $59.00 price target on shares of Miami International in a report on Thursday, March 5th. Zacks Research downgraded shares of Miami International from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Wall Street Zen lowered shares of Miami International from a “buy” rating to a “hold” rating in a research report on Saturday. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $48.00.

Insider Buying and Selling

In related news, Director Murray Stahl bought 7,200 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was acquired at an average price of $43.38 per share, for a total transaction of $312,336.00. Following the transaction, the director directly owned 4,633,842 shares of the company’s stock, valued at $201,016,065.96. This represents a 0.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Shelly Brown sold 25,932 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $39.33, for a total value of $1,019,905.56. Following the completion of the sale, the executive vice president directly owned 299,197 shares in the company, valued at approximately $11,767,418.01. This represents a 7.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 232,903 shares of company stock valued at $9,359,718.

Miami International Stock Performance

NYSE:MIAX opened at $37.30 on Friday. The company has a 50-day moving average of $40.94 and a 200-day moving average of $42.66. Miami International Holdings, Inc. has a 52 week low of $28.63 and a 52 week high of $51.38. The company has a market capitalization of $3.42 billion and a price-to-earnings ratio of 69.06.

Miami International (NYSE:MIAX) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.11. The business had revenue of $369.43 million during the quarter, compared to analyst estimates of $121.13 million. Miami International’s revenue was up 14.0% compared to the same quarter last year.

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.