Atlas Brown Inc. Acquires Shares of 50,974 Miami International Holdings, Inc. $MIAX

Atlas Brown Inc. bought a new position in shares of Miami International Holdings, Inc. (NYSE:MIAX) during the first quarter, HoldingsChannel reports. The fund bought 50,974 shares of the company’s stock, valued at approximately $1,984,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BNP Paribas Financial Markets acquired a new stake in shares of Miami International during the fourth quarter worth about $8,477,000. Vanguard Group Inc. increased its position in Miami International by 39.5% in the 4th quarter. Vanguard Group Inc. now owns 1,928,286 shares of the company’s stock valued at $85,577,000 after acquiring an additional 545,770 shares during the period. Tudor Investment Corp ET AL purchased a new stake in Miami International during the 3rd quarter valued at approximately $1,833,000. Monashee Investment Management LLC purchased a new stake in Miami International during the 3rd quarter valued at approximately $6,039,000. Finally, Victory Capital Management Inc. acquired a new stake in Miami International during the 3rd quarter worth approximately $12,168,000.

Miami International Stock Performance

Shares of MIAX stock opened at $36.69 on Tuesday. The stock has a fifty day moving average price of $45.99 and a 200 day moving average price of $43.46. The stock has a market cap of $3.48 billion and a PE ratio of 38.22. 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 EPS for the quarter, topping analysts’ consensus estimates 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. The firm’s revenue for the quarter was up 40.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 earnings per share. As a group, equities research analysts predict that Miami International Holdings, Inc. will post 1.53 earnings per share for the current year.

Insider Transactions at Miami International

In other Miami International news, EVP Barbara J. Comly sold 29,667 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $43.64, for a total transaction of $1,294,667.88. Following the completion of the transaction, the executive vice president directly owned 843,844 shares in the company, valued at approximately $36,825,352.16. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Douglas M. Schafer, Jr. sold 48,000 shares of Miami International stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $47.25, for a total transaction of $2,268,000.00. Following the transaction, the executive vice president owned 396,681 shares of the company’s stock, valued at approximately $18,743,177.25. The trade was a 10.79% 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. Over the last quarter, insiders sold 710,022 shares of company stock worth $31,615,730. Corporate insiders own 15.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Morgan Stanley upped their price objective on shares of Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. JPMorgan Chase & Co. raised their target price 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. Wall Street Zen downgraded shares of Miami International from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Miami International from $40.00 to $48.00 and gave the stock a “market perform” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.20.

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.