BNP Paribas Financial Markets Purchases New Shares in Miami International Holdings, Inc. $MIAX

BNP Paribas Financial Markets purchased a new stake in shares of Miami International Holdings, Inc. (NYSE:MIAX) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 191,020 shares of the company’s stock, valued at approximately $8,477,000.

A number of other large investors also recently made changes to their positions in MIAX. Vanguard Group Inc. increased its holdings in Miami International by 39.5% during the fourth quarter. Vanguard Group Inc. now owns 1,928,286 shares of the company’s stock worth $85,577,000 after buying an additional 545,770 shares during the last quarter. Pekin Hardy Strauss Inc. purchased a new stake in Miami International during the third quarter worth about $1,033,000. Tudor Investment Corp ET AL purchased a new stake in Miami International during the third quarter worth about $1,833,000. Monashee Investment Management LLC purchased a new stake in Miami International during the third quarter worth about $6,039,000. Finally, Victory Capital Management Inc. purchased a new stake in Miami International during the third quarter worth about $12,168,000.

Insider Activity at Miami International

In related news, CFO Lance Emmons sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $56.36, for a total transaction of $1,972,600.00. Following the completion of the transaction, the chief financial officer owned 84,262 shares of the company’s stock, valued at approximately $4,749,006.32. The trade was a 29.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 37,917 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $39.00, for a total transaction of $1,478,763.00. Following the transaction, the director directly owned 142,375 shares of the company’s stock, valued at approximately $5,552,625. This represents a 21.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 782,371 shares of company stock valued at $34,406,566 in the last quarter. 15.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Miami International from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Zacks Research upgraded shares of Miami International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Wall Street Zen downgraded shares of Miami International from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Rosenblatt Securities lifted their target price 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. Finally, Morgan Stanley lifted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Miami International has a consensus rating of “Moderate Buy” and an average price target of $51.20.

Miami International Trading Up 2.8%

Shares of NYSE:MIAX opened at $39.81 on Wednesday. The company has a 50 day moving average of $46.06 and a 200 day moving average of $43.77. The stock has a market cap of $3.78 billion and a P/E ratio of 41.47. Miami International Holdings, Inc. has a 12 month low of $28.63 and a 12 month high of $57.14.

Miami International (NYSE:MIAX) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. The firm had revenue of $369.69 million for the quarter, compared to analysts’ expectations of $122.74 million. Miami International’s revenue was up 40.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 EPS. On average, equities analysts forecast 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.