Miami International (NYSE:MIAX) EVP Edward Deitzel Sells 11,000 Shares

Miami International Holdings, Inc. (NYSE:MIAX) EVP Edward Deitzel sold 11,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $42.16, for a total transaction of $463,760.00. Following the sale, the executive vice president directly owned 116,221 shares of the company’s stock, valued at $4,899,877.36. This represents a 8.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Edward Deitzel also recently made the following trade(s):

• On Monday, May 4th, Edward Deitzel sold 11,000 shares of Miami International stock. The stock was sold at an average price of $47.28, for a total transaction of $520,080.00.
• On Wednesday, April 8th, Edward Deitzel sold 7,572 shares of Miami International stock. The stock was sold at an average price of $42.02, for a total transaction of $318,175.44.
• On Tuesday, April 7th, Edward Deitzel sold 4,763 shares of Miami International stock. The stock was sold at an average price of $42.00, for a total transaction of $200,046.00.

Miami International Stock Performance

Shares of MIAX stock traded down $0.60 on Thursday, reaching $39.73. 1,614,484 shares of the company were exchanged, compared to its average volume of 1,325,189. The company has a market cap of $3.77 billion and a price-to-earnings ratio of 41.38. The business has a 50-day moving average price of $45.98 and a 200 day moving average price of $43.97. Miami International Holdings, Inc. has a 1 year low of $28.63 and a 1 year high of $57.14.

Miami International (NYSE:MIAX) last released its earnings results 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. The firm’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS. As a group, equities analysts anticipate that Miami International Holdings, Inc. will post 1.53 earnings per share for the current year.

Analyst Ratings Changes

MIAX has been the subject of several research reports. Rosenblatt Securities upped their price objective on shares of Miami International from $59.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings raised shares of Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Keefe, Bruyette & Woods upped their price objective on shares of Miami International from $40.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, May 8th. Wall Street Zen cut shares of Miami International from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Miami International from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Miami International currently has an average rating of “Moderate Buy” and an average price target of $51.20.

Hedge Funds Weigh In On Miami International

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Miami International by 39.5% in the 4th quarter. Vanguard Group Inc. now owns 1,928,286 shares of the company’s stock valued at $85,577,000 after purchasing an additional 545,770 shares during the last quarter. Pekin Hardy Strauss Inc. acquired a new position in Miami International in the 3rd quarter valued at about $1,033,000. Tudor Investment Corp ET AL acquired a new position in Miami International in the 3rd quarter valued at about $1,833,000. Victory Capital Management Inc. acquired a new position in Miami International in the 3rd quarter valued at about $12,168,000. Finally, Monashee Investment Management LLC acquired a new position in Miami International in the 3rd quarter valued at about $6,039,000.

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.