Miami International Holdings, Inc. $MIAX Stake Increased by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC raised its position in shares of Miami International Holdings, Inc. (NYSE:MIAX) by 127.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 131,185 shares of the company’s stock after purchasing an additional 73,385 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in Miami International were worth $4,395,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Moors & Cabot Inc. raised its holdings in Miami International by 3.0% during the 3rd quarter. Moors & Cabot Inc. now owns 122,507 shares of the company’s stock worth $4,104,000 after purchasing an additional 3,603 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Miami International by 98.0% in the 3rd quarter. Fifth Third Bancorp now owns 2,530 shares of the company’s stock valued at $85,000 after purchasing an additional 1,252 shares during the last quarter. Lido Advisors LLC bought a new stake in shares of Miami International in the 3rd quarter valued at $6,792,000. Atlas Wealth Partners LLC increased its position in shares of Miami International by 1.7% during the third quarter. Atlas Wealth Partners LLC now owns 39,190 shares of the company’s stock worth $1,313,000 after buying an additional 660 shares during the period. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of Miami International during the third quarter worth $332,000.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MIAX shares. Keefe, Bruyette & Woods lifted their target price on Miami International from $46.00 to $48.00 and gave the stock a “market perform” rating in a report on Friday, August 7th. Weiss Ratings upgraded Miami International from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. Morgan Stanley cut their price target on Miami International from $50.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, October 9th. Wall Street Zen downgraded shares of Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, August 23rd. Finally, Rosenblatt Securities lowered their price objective on shares of Miami International from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, October 27th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $49.00.

Insider Activity at Miami International

In other news, EVP Barbara J. Comly sold 56,022 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $35.07, for a total transaction of $1,964,691.54. Following the transaction, the executive vice president directly owned 839,564 shares in the company, valued at approximately $29,443,509.48. This represents a 6.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Thomas P. Gallagher sold 47,000 shares of Miami International stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $42.43, for a total transaction 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 approximately $60,389,558.25. The trade was a 3.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 517,574 shares of company stock valued at $20,002,691 in the last ninety days. 15.60% of the stock is currently owned by corporate insiders.

Miami International Stock Up 2.6%

Miami International stock opened at $37.02 on Friday. Miami International Holdings, Inc. has a 52 week low of $29.06 and a 52 week high of $57.14. The company’s 50 day moving average price is $34.95 and its two-hundred day moving average price is $40.94. The stock has a market cap of $3.70 billion, a P/E ratio of 19.29 and a beta of 1.73.

Miami International (NYSE:MIAX) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. The business had revenue of $376.18 million during the quarter. Miami International had a return on equity of 19.06% and a net margin of 19.75%. Miami International’s revenue for the quarter was up 243.6% on a year-over-year basis. During the same period last year, the company posted $0.42 earnings per share. On average, equities analysts anticipate that Miami International Holdings, Inc. will post 1.76 EPS for the current year.

Miami International Company Profile

Miami International Holdings, Inc. (MIAX) operates financial exchanges and provides trading technology and related services. Its U.S. platforms include options exchanges and an equities exchange, serving market participants such as broker-dealers, institutional investors and trading firms. The company also operates MIAX Futures, which offers futures and options contracts, and owns the Bermuda Stock Exchange. Its businesses serve U.S. markets as well as participants in Bermuda and other international markets.