VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Holdings in Miami International Holdings, Inc. $MIAX

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Miami International Holdings, Inc. (NYSE:MIAX) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,100 shares of the company’s stock, valued at approximately $493,000.

Other institutional investors have also made changes to their positions in the company. Strs Ohio purchased a new stake in shares of Miami International during the fourth quarter worth $186,000. Pekin Hardy Strauss Inc. raised its position in Miami International by 41.5% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 36,290 shares of the company’s stock valued at $1,611,000 after acquiring an additional 10,640 shares in the last quarter. Comerica Bank lifted its stake in Miami International by 295.6% in the fourth quarter. Comerica Bank now owns 1,254 shares of the company’s stock valued at $56,000 after acquiring an additional 937 shares during the last quarter. UBS Group AG grew its position in Miami International by 1,944.5% in the fourth quarter. UBS Group AG now owns 162,884 shares of the company’s stock worth $7,229,000 after acquiring an additional 154,917 shares in the last quarter. Finally, 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.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MIAX shares. Wall Street Zen downgraded shares of Miami International from a “buy” rating to a “hold” rating in a report on Sunday. Rosenblatt Securities raised their target price on Miami International from $59.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. upped their price target on Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings raised Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Morgan Stanley upped their price objective on shares of Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $51.20.

Insider Activity

In other Miami International news, EVP Shelly Brown sold 16,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $47.28, for a total value of $756,480.00. Following the completion of the transaction, the executive vice president directly owned 325,047 shares of the company’s stock, valued at approximately $15,368,222.16. The trade was a 4.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 on 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 transaction, the chief financial officer directly owned 84,262 shares in the company, valued at $4,749,006.32. This trade represents 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. Over the last quarter, insiders have sold 722,175 shares of company stock worth $31,648,266.

Miami International Stock Down 3.1%

MIAX stock opened at $54.41 on Tuesday. Miami International Holdings, Inc. has a twelve month low of $28.63 and a twelve month high of $57.14. The company has a market cap of $5.16 billion and a PE ratio of 56.67. The business’s 50-day simple moving average is $43.81 and its 200 day simple moving average is $43.81.

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