Allspring Global Investments Holdings LLC Makes New $17.68 Million Investment in Miami International Holdings, Inc. $MIAX

Allspring Global Investments Holdings LLC acquired a new stake in Miami International Holdings, Inc. (NYSE:MIAX) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 453,668 shares of the company’s stock, valued at approximately $17,684,000.

Miami International Stock Down 1.6%

NYSE MIAX opened at $43.69 on Monday. Miami International Holdings, Inc. has a one year low of $28.63 and a one year high of $51.38. The firm has a 50-day simple moving average of $45.37.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on MIAX. Piper Sandler increased 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. JPMorgan Chase & Co. increased their target price on Miami International from $32.00 to $37.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Wall Street Zen upgraded shares of Miami International from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Zacks Research downgraded shares of Miami International from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, Raymond James Financial assumed coverage on shares of Miami International in a research report on Monday, September 8th. They issued a “market perform” rating for the company. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $47.20.

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.