Blair William & Co. IL Invests $14.65 Million in Miami International Holdings, Inc. $MIAX

Blair William & Co. IL purchased a new stake in shares of Miami International Holdings, Inc. (NYSE:MIAX) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 363,765 shares of the company’s stock, valued at approximately $14,645,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. First Trust Advisors LP purchased a new position in shares of Miami International in the 3rd quarter worth about $843,000. Victory Capital Management Inc. purchased a new position in shares of Miami International during the 3rd quarter valued at about $12,168,000. Monashee Investment Management LLC bought a new stake in Miami International in the 3rd quarter worth approximately $6,039,000. TD Asset Management Inc purchased a new stake in Miami International in the third quarter worth approximately $2,555,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in Miami International in the third quarter worth approximately $1,033,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Miami International in a report on Monday, December 29th. Rosenblatt Securities reiterated a “buy” rating and issued a $59.00 target price on shares of Miami International in a research report on Thursday. Zacks Research downgraded shares of Miami International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Wall Street Zen upgraded shares of Miami International from a “hold” rating to a “buy” rating in a research report on Saturday. Four equities 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $48.00.

Miami International Stock Down 3.4%

Shares of Miami International stock opened at $40.93 on Monday. Miami International Holdings, Inc. has a one year low of $28.63 and a one year high of $51.38. The stock has a 50 day moving average of $42.29. The stock has a market cap of $3.33 billion and a PE ratio of 75.80.

Miami International (NYSE:MIAX) last released 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 company had revenue of $369.43 million for the quarter, compared to analysts’ expectations of $121.13 million. Miami International’s revenue was up 14.0% compared to the same quarter last year.

Insider Buying and Selling

In other news, Director Murray Stahl purchased 7,200 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was acquired at an average price of $43.38 per share, with a total value of $312,336.00. Following the transaction, the director directly owned 4,633,842 shares of the company’s stock, valued at approximately $201,016,065.96. This represents a 0.16% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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.