Hudson Bay Capital Management LP Invests $1.66 Million in Miami International Holdings, Inc. $MIAX

Hudson Bay Capital Management LP bought a new stake in Miami International Holdings, Inc. (NYSE:MIAX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 41,145 shares of the company’s stock, valued at approximately $1,656,000.

A number of other large investors also recently made changes to their positions in the company. National Bank of Canada FI acquired a new stake in Miami International during the 3rd quarter worth approximately $29,000. Emerald Mutual Fund Advisers Trust acquired a new position in Miami International in the 3rd quarter valued at $101,000. Texas Yale Capital Corp. bought a new position in Miami International during the 3rd quarter worth $201,000. Sandia Investment Management LP bought a new position in Miami International during the 3rd quarter worth $266,000. Finally, Limestone Investment Advisors LP acquired a new stake in shares of Miami International during the third quarter worth $278,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MIAX. Weiss Ratings reissued a “sell (d+)” rating on shares of Miami International in a research report on Monday, December 29th. Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $59.00 price objective on shares of Miami International in a research note on Thursday, March 5th. Finally, Wall Street Zen raised shares of Miami International from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $48.00.

Miami International Trading Up 0.4%

Shares of Miami International stock opened at $39.17 on Monday. The firm’s 50 day moving average is $41.34 and its 200 day moving average is $42.63. The firm has a market capitalization of $3.59 billion and a PE ratio of 72.54. Miami International Holdings, Inc. has a 1 year low of $28.63 and a 1 year high of $51.38.

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

Insider Transactions at Miami International

In other news, Director Kurt M. Eckert sold 37,917 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $39.00, for a total value of $1,478,763.00. Following the completion of the transaction, the director directly owned 142,375 shares in the company, valued at approximately $5,552,625. This represents a 21.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Douglas M. Schafer, Jr. sold 48,000 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $39.74, for a total value of $1,907,520.00. Following the sale, the executive vice president directly owned 396,681 shares in the company, valued at approximately $15,764,102.94. This trade represents a 10.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 206,971 shares of company stock worth $8,339,813.

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.