BlueCrest Capital Management Ltd Purchases Shares of 200,000 Miami International Holdings, Inc. $MIAX

BlueCrest Capital Management Ltd purchased a new position in shares of Miami International Holdings, Inc. (NYSE:MIAX) during the 2nd quarter, Holdings Channel reports. The fund purchased 200,000 shares of the company’s stock, valued at approximately $7,432,000.

Several other hedge funds also recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Miami International in the second quarter valued at about $188,466,000. J Digital 6 LLC bought a new stake in Miami International during the second quarter worth about $67,157,000. Vanguard Group Inc. acquired a new position in Miami International during the third quarter valued at approximately $55,660,000. Alyeska Investment Group L.P. acquired a new position in Miami International during the third quarter valued at approximately $50,959,000. Finally, Bank of America Corp DE bought a new position in Miami International in the second quarter valued at approximately $31,845,000.

Insider Buying and Selling at Miami International

In other news, EVP Edward Deitzel sold 11,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $42.21, for a total transaction of $464,310.00. Following the completion of the sale, the executive vice president directly owned 119,601 shares in the company, valued at approximately $5,048,358.21. This represents a 8.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Thomas P. Gallagher sold 47,000 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $42.43, for a total value of $1,994,210.00. Following the completion of the transaction, the chief executive officer owned 1,423,275 shares in the company, valued at $60,389,558.25. The trade was a 3.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 735,448 shares of company stock valued at $31,085,386 over the last ninety days. 15.60% of the stock is owned by corporate insiders.

Miami International Stock Down 1.3%

Shares of MIAX stock opened at $42.89 on Thursday. Miami International Holdings, Inc. has a 12-month low of $35.43 and a 12-month high of $57.14. The company has a market capitalization of $4.26 billion and a PE ratio of 55.70. The firm has a 50 day moving average price of $43.13 and a two-hundred day moving average price of $43.10.

Miami International (NYSE:MIAX) last announced its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. Miami International had a return on equity of 16.95% and a net margin of 9.70%.The company had revenue of $387.63 million for the quarter. During the same quarter last year, the business posted $0.48 EPS. Miami International’s revenue for the quarter was up 34.8% on a year-over-year basis. As a group, research analysts expect that Miami International Holdings, Inc. will post 1.7 EPS for the current year.

Wall Street Analysts Forecast Growth

MIAX has been the topic of several recent analyst reports. Wall Street Zen lowered Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, August 23rd. Rosenblatt Securities raised their target price on shares of Miami International from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Miami International in a report on Friday, August 7th. Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Morgan Stanley cut shares of Miami International from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $53.00 to $50.00 in a research note on Tuesday, September 1st. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Miami International has a consensus rating of “Hold” and a consensus target price of $51.40.

About Miami International

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.