Murray Stahl Sells 121,054 Shares of Miami International (NYSE:MIAX) Stock

Miami International Holdings, Inc. (NYSE:MIAX) Director Murray Stahl sold 121,054 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $40.92, for a total value of $4,953,529.68. Following the sale, the director owned 4,689,466 shares of the company’s stock, valued at approximately $191,892,948.72. This trade represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Murray Stahl also recently made the following trade(s):

• On Wednesday, March 4th, Murray Stahl bought 7,200 shares of Miami International stock. The stock was purchased at an average price of $43.38 per share, for a total transaction of $312,336.00.

Miami International Price Performance

Shares of NYSE:MIAX opened at $42.32 on Friday. The stock has a 50 day moving average price of $42.40. Miami International Holdings, Inc. has a 1 year low of $28.63 and a 1 year high of $51.38. The firm has a market capitalization of $3.45 billion and a price-to-earnings ratio of 78.37.

Miami International (NYSE:MIAX) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. The firm had revenue of $369.43 million during the quarter, compared to analysts’ expectations of $121.13 million. The business’s quarterly revenue was up 14.0% on a year-over-year basis.

Institutional Trading of Miami International

Several institutional investors have recently made changes to their positions in MIAX. T. Rowe Price Investment Management Inc. grew its position in Miami International by 24.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,025,712 shares of the company’s stock worth $134,282,000 after acquiring an additional 595,096 shares during the period. Vanguard Group Inc. grew its holdings in shares of Miami International by 39.5% during the 4th quarter. Vanguard Group Inc. now owns 1,928,286 shares of the company’s stock worth $85,577,000 after purchasing an additional 545,770 shares during the period. Horizon Kinetics Asset Management LLC grew its holdings in shares of Miami International by 31.6% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 1,819,798 shares of the company’s stock worth $80,763,000 after purchasing an additional 437,395 shares during the period. Alyeska Investment Group L.P. increased its position in shares of Miami International by 1.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,286,086 shares of the company’s stock worth $57,076,000 after purchasing an additional 20,350 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Miami International by 178.8% in the 4th quarter. Invesco Ltd. now owns 1,278,966 shares of the company’s stock valued at $56,761,000 after buying an additional 820,246 shares during the period.

Analyst Ratings Changes

MIAX has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Miami International in a report on Monday, December 29th. Zacks Research lowered Miami International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Wall Street Zen cut Miami International from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Keefe, Bruyette & Woods boosted their price objective on Miami International from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Thursday, November 6th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $59.00 target price on shares of Miami International in a research note on Thursday. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $48.00.

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.