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

Miami International Holdings, Inc. (NYSE:MIAX) EVP Edward Deitzel sold 11,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $42.21, for a total transaction of $464,310.00. Following the completion of the transaction, the executive vice president owned 119,601 shares of the company’s stock, valued at $5,048,358.21. This represents a 8.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 4th, Edward Deitzel sold 11,000 shares of Miami International stock. The shares were sold at an average price of $45.78, for a total value of $503,580.00.
• On Monday, July 6th, Edward Deitzel sold 11,000 shares of Miami International stock. The shares were sold at an average price of $42.04, for a total value of $462,440.00.

Miami International Trading Down 0.5%

MIAX stock traded down $0.21 on Friday, hitting $42.50. The company’s stock had a trading volume of 804,726 shares, compared to its average volume of 1,519,371. The stock has a market cap of $4.22 billion and a price-to-earnings ratio of 55.20. The firm has a 50 day moving average of $42.72 and a two-hundred day moving average of $43.05. Miami International Holdings, Inc. has a 1 year low of $34.02 and a 1 year high of $57.14.

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

Hedge Funds Weigh In On Miami International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Wyoming purchased a new position in shares of Miami International during the 4th quarter worth approximately $26,000. National Bank of Canada FI acquired a new position in Miami International during the third quarter worth $29,000. Comerica Bank raised its position in Miami International by 295.6% in the fourth quarter. Comerica Bank now owns 1,254 shares of the company’s stock worth $56,000 after acquiring an additional 937 shares in the last quarter. Fifth Third Bancorp acquired a new stake in Miami International in the first quarter valued at $61,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Miami International during the 4th quarter worth $66,000.

Wall Street Analyst Weigh In

MIAX has been the subject of a number of recent research reports. Morgan Stanley cut Miami International from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $53.00 to $50.00 in a research report on Tuesday. Keefe, Bruyette & Woods upped their price target on Miami International from $46.00 to $48.00 and gave the stock a “market perform” rating in a research note on Friday, August 7th. Wall Street Zen downgraded Miami International from a “buy” rating to a “hold” rating in a report on Sunday, August 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Miami International in a research report on Friday, August 7th. Finally, Rosenblatt Securities upped their price objective on shares of Miami International from $61.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Miami International currently has a consensus rating of “Hold” and an average target price of $51.40.

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.