Atlas Wealth Partners LLC Takes Position in Miami International Holdings, Inc. $MIAX

Atlas Wealth Partners LLC acquired a new position in Miami International Holdings, Inc. (NYSE:MIAX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 21,889 shares of the company’s stock, valued at approximately $881,000. Miami International accounts for 0.9% of Atlas Wealth Partners LLC’s portfolio, making the stock its 20th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MIAX. Allspring Global Investments Holdings LLC acquired a new stake in shares of Miami International during the 3rd quarter worth about $17,684,000. Caldwell Investment Management Ltd. purchased a new stake in shares of Miami International in the 3rd quarter valued at approximately $27,056,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of Miami International in the 3rd quarter worth approximately $101,000.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MIAX shares. Piper Sandler raised their price target on Miami International from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Zacks Research cut shares of Miami International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Wall Street Zen cut shares of Miami International from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Keefe, Bruyette & Woods increased their target price on shares of Miami International from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of Miami International from $32.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Miami International presently has an average rating of “Hold” and a consensus price target of $47.20.

Miami International Trading Down 4.6%

MIAX opened at $42.50 on Monday. The stock has a market cap of $3.46 billion and a P/E ratio of 2,125.00. 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 $44.39.

Miami International (NYSE:MIAX) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.12. The business’s revenue was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS.

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.