Miami International Holdings, Inc. $MIAX Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in Miami International Holdings, Inc. (NYSE:MIAX) by 39.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,928,286 shares of the company’s stock after purchasing an additional 545,770 shares during the period. Vanguard Group Inc.’s holdings in Miami International were worth $85,577,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MIAX. Caldwell Investment Management Ltd. acquired a new stake in Miami International in the third quarter valued at approximately $27,056,000. Emerald Mutual Fund Advisers Trust acquired a new stake in Miami International in the third quarter valued at approximately $101,000. Atlas Wealth Partners LLC acquired a new stake in Miami International in the third quarter valued at approximately $881,000. Federated Hermes Inc. acquired a new stake in Miami International in the third quarter valued at approximately $10,065,000. Finally, Coastal Bridge Advisors LLC purchased a new position in shares of Miami International in the third quarter valued at approximately $3,083,000.

Insider Activity

In related news, CEO Thomas P. Gallagher sold 174,125 shares of Miami International stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $43.36, for a total transaction of $7,550,060.00. Following the transaction, the chief executive officer owned 1,723,275 shares in the company, valued at approximately $74,721,204. This trade represents a 9.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Barbara J. Comly sold 29,667 shares of Miami International stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $43.64, for a total value of $1,294,667.88. Following the transaction, the executive vice president owned 843,844 shares in the company, valued at approximately $36,825,352.16. The trade was a 3.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 687,175 shares of company stock valued at $29,675,666 in the last 90 days.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Weiss Ratings upgraded Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday. Rosenblatt Securities raised their target price on Miami International from $59.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Zacks Research upgraded Miami International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. raised their target price on Miami International from $41.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Morgan Stanley raised their target price on Miami International from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $51.20.

Miami International Price Performance

NYSE MIAX opened at $55.21 on Thursday. The company has a market cap of $5.24 billion and a PE ratio of 102.24. The stock’s 50 day simple moving average is $43.00 and its 200-day simple moving average is $43.55. Miami International Holdings, Inc. has a 1-year low of $28.63 and a 1-year high of $55.90.

Miami International (NYSE:MIAX) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of $369.69 million for the quarter, compared to analysts’ expectations of $122.74 million. During the same quarter in the previous year, the business posted $0.38 EPS. The business’s quarterly revenue was up 40.0% compared to the same quarter last year. On average, equities research analysts anticipate that Miami International Holdings, Inc. will post 1.53 EPS for the current fiscal year.

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.