Axiom Investors LLC DE Acquires Shares of 243,174 Miami International Holdings, Inc. $MIAX

Axiom Investors LLC DE purchased a new position in shares of Miami International Holdings, Inc. (NYSE:MIAX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 243,174 shares of the company’s stock, valued at approximately $10,792,000. Axiom Investors LLC DE owned approximately 0.30% of Miami International as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of MIAX. Caprock Group LLC acquired a new position in shares of Miami International during the third quarter worth $376,000. JPMorgan Chase & Co. acquired a new position in shares of Miami International during the third quarter worth $32,679,000. Texas Yale Capital Corp. acquired a new position in shares of Miami International during the third quarter worth $201,000. Vanguard Group Inc. acquired a new position in shares of Miami International during the third quarter worth $55,660,000. Finally, Readystate Asset Management LP acquired a new position in shares of Miami International during the third quarter worth $503,000.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MIAX. Rosenblatt Securities boosted their price objective on shares of Miami International from $59.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Wall Street Zen cut shares of Miami International from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Morgan Stanley boosted their price objective on shares of Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Weiss Ratings raised shares of Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $51.20.

Insider Transactions at Miami International

In other Miami International news, EVP Douglas M. Schafer, Jr. sold 48,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $42.84, for a total value of $2,056,320.00. Following the completion of the sale, the executive vice president owned 396,681 shares in the company, valued at approximately $16,993,814.04. This trade represents a 10.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kurt M. Eckert sold 5,250 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $42.76, for a total transaction of $224,490.00. Following the completion of the sale, the director owned 142,375 shares of the company’s stock, valued at approximately $6,087,955. This trade represents a 3.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 782,371 shares of company stock worth $34,406,566. Company insiders own 15.60% of the company’s stock.

Miami International Price Performance

MIAX stock opened at $39.81 on Wednesday. The stock has a market capitalization of $3.78 billion and a PE ratio of 41.47. The company’s 50-day moving average is $46.06 and its 200-day moving average is $43.77. Miami International Holdings, Inc. has a 1 year low of $28.63 and a 1 year high of $57.14.

Miami International (NYSE:MIAX) last posted its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $369.69 million during the quarter, compared to analyst estimates of $122.74 million. During the same quarter in the prior year, the company earned $0.38 EPS. The company’s revenue was up 40.0% on a year-over-year basis. On average, analysts anticipate that Miami International Holdings, Inc. will post 1.53 earnings per share for the current fiscal year.

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.