Miami International (NYSE:MIAX) Director Judson Gray Teekell Sells 3,000 Shares of Stock

Miami International Holdings, Inc. (NYSE:MIAX) Director Judson Gray Teekell sold 3,000 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $40.00, for a total value of $120,000.00. Following the sale, the director directly owned 75,251 shares of the company’s stock, valued at $3,010,040. This represents a 3.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Judson Gray Teekell also recently made the following trade(s):

• On Tuesday, June 2nd, Judson Gray Teekell sold 3,000 shares of Miami International stock. The stock was sold at an average price of $42.78, for a total value of $128,340.00.
• On Monday, May 4th, Judson Gray Teekell sold 3,000 shares of Miami International stock. The shares were sold at an average price of $47.30, for a total value of $141,900.00.

Miami International Trading Up 4.2%

Miami International stock traded up $1.75 during midday trading on Tuesday, hitting $43.61. The stock had a trading volume of 2,183,781 shares, compared to its average volume of 1,602,494. The firm’s fifty day moving average is $44.82 and its two-hundred day moving average is $43.06. The company has a market capitalization of $4.14 billion and a PE ratio of 45.42. Miami International Holdings, Inc. has a 52-week low of $28.63 and a 52-week high of $57.14.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their price target on Miami International from $41.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen cut Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings raised Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Zacks Research cut Miami International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Morgan Stanley upped their price target on Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Miami International currently has a consensus rating of “Hold” and an average target price of $51.20.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. State of Wyoming purchased a new stake in shares of Miami International in the fourth quarter worth about $26,000. National Bank of Canada FI purchased a new position in Miami International during the 3rd quarter valued at approximately $29,000. Comerica Bank grew its holdings in Miami International by 295.6% during the 4th quarter. Comerica Bank now owns 1,254 shares of the company’s stock valued at $56,000 after buying an additional 937 shares in the last quarter. Fifth Third Bancorp bought a new stake in Miami International in the 1st quarter worth approximately $61,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Miami International during the 4th quarter worth approximately $66,000.

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.