UBS Group AG Has $7.23 Million Position in Miami International Holdings, Inc. $MIAX

UBS Group AG boosted its position in Miami International Holdings, Inc. (NYSE:MIAX) by 1,944.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,884 shares of the company’s stock after purchasing an additional 154,917 shares during the period. UBS Group AG owned 0.20% of Miami International worth $7,229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MIAX. Emerald Mutual Fund Advisers Trust acquired a new position in Miami International in the 3rd quarter worth about $101,000. Atlas Wealth Partners LLC acquired a new stake in shares of Miami International in the third quarter valued at about $881,000. Federated Hermes Inc. acquired a new stake in shares of Miami International in the third quarter valued at about $10,065,000. Coastal Bridge Advisors LLC acquired a new stake in shares of Miami International in the third quarter valued at about $3,083,000. Finally, Caprock Group LLC acquired a new stake in shares of Miami International in the third quarter valued at about $376,000.

Insider Activity at Miami International

In related news, EVP Shelly Brown sold 16,000 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $47.28, for a total transaction of $756,480.00. Following the sale, the executive vice president owned 325,047 shares in the company, valued at $15,368,222.16. This represents a 4.69% decrease in their position. The sale was disclosed in a document filed 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, CFO Lance Emmons sold 35,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $56.36, for a total value of $1,972,600.00. Following the sale, the chief financial officer owned 84,262 shares in the company, valued at approximately $4,749,006.32. The trade was a 29.35% 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 722,175 shares of company stock worth $31,648,266 over the last quarter.

Miami International Price Performance

Shares of Miami International stock opened at $54.41 on Tuesday. Miami International Holdings, Inc. has a one year low of $28.63 and a one year high of $57.14. The stock’s 50-day moving average is $43.81 and its 200 day moving average is $43.81. The firm has a market cap of $5.16 billion and a price-to-earnings ratio of 56.67.

Miami International (NYSE:MIAX) last announced its earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. The business had revenue of $369.69 million for the quarter, compared to the consensus estimate of $122.74 million. During the same quarter in the previous year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 40.0% on a year-over-year basis. On average, sell-side analysts expect that Miami International Holdings, Inc. will post 1.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MIAX. JPMorgan Chase & Co. increased their price target on Miami International from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Keefe, Bruyette & Woods increased their price target on Miami International from $40.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, May 8th. Zacks Research raised Miami International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Rosenblatt Securities increased their price target on Miami International from $59.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings raised Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $51.20.

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.