Coastal Bridge Advisors LLC Makes New $3.08 Million Investment in Miami International Holdings, Inc. $MIAX

Coastal Bridge Advisors LLC bought a new stake in Miami International Holdings, Inc. (NYSE:MIAX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 76,565 shares of the company’s stock, valued at approximately $3,083,000. Coastal Bridge Advisors LLC owned 0.10% of Miami International as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MIAX. Allspring Global Investments Holdings LLC purchased a new stake in Miami International during the 3rd quarter worth about $17,684,000. Caldwell Investment Management Ltd. acquired a new stake in Miami International during the 3rd quarter worth approximately $27,056,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Miami International during the third quarter worth approximately $101,000. Atlas Wealth Partners LLC purchased a new position in shares of Miami International in the 3rd quarter valued at $881,000. Finally, Federated Hermes Inc. acquired a new position in shares of Miami International during the 3rd quarter valued at $10,065,000.

Wall Street Analysts Forecast Growth

MIAX has been the subject of a number of analyst reports. Wall Street Zen cut Miami International from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Keefe, Bruyette & Woods lifted their price objective on Miami International from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Thursday, November 6th. JPMorgan Chase & Co. boosted their target price on shares of Miami International from $32.00 to $37.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Piper Sandler boosted their price target on Miami International from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Finally, Morgan Stanley raised their price objective on Miami International from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Miami International presently has an average rating of “Hold” and an average price target of $47.20.

Miami International Stock Performance

NYSE:MIAX opened at $41.20 on Thursday. The company has a market capitalization of $3.36 billion and a PE ratio of 2,060.20. Miami International Holdings, Inc. has a 1 year low of $28.63 and a 1 year high of $51.38. The stock has a fifty day simple moving average of $44.15.

Miami International (NYSE:MIAX) last announced its earnings results on Wednesday, November 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.12. During the same quarter in the prior year, the business posted $0.11 earnings per share. The company’s quarterly revenue was up 57.4% compared to the same quarter last 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.