Barbara Comly Sells 28,000 Shares of Miami International (NYSE:MIAX) Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Barbara Comly sold 28,000 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $41.98, for a total transaction of $1,175,440.00. Following the sale, the executive vice president owned 882,984 shares in the company, valued at $37,067,668.32. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Price Performance

Shares of Miami International stock opened at $42.48 on Thursday. The firm has a market cap of $4.03 billion and a price-to-earnings ratio of 44.25. The stock’s 50-day moving average is $44.18 and its 200-day moving average is $42.89. Miami International Holdings, Inc. has a one year low of $28.63 and a one year high of $57.14.

Miami International (NYSE:MIAX) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS 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 the consensus estimate of $122.74 million. The business’s revenue for the quarter was up 40.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 EPS. On average, equities analysts expect that Miami International Holdings, Inc. will post 1.58 EPS for the current year.

Institutional Trading of Miami International

Large investors have recently made changes to their positions in the company. State of Wyoming acquired a new stake in shares of Miami International in the 4th quarter valued at $26,000. National Bank of Canada FI acquired a new position in shares of Miami International during the 3rd quarter worth $29,000. Comerica Bank lifted its position in shares of Miami International by 295.6% during the 4th quarter. Comerica Bank now owns 1,254 shares of the company’s stock worth $56,000 after buying an additional 937 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Miami International in the first quarter valued at about $61,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Miami International in the fourth quarter valued at about $66,000.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MIAX. JPMorgan Chase & Co. increased their price objective on shares of Miami International from $41.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Keefe, Bruyette & Woods lifted their target price on shares of Miami International from $40.00 to $48.00 and gave the stock a “market perform” rating in a report on Friday, May 8th. Rosenblatt Securities increased their price target on shares of Miami International from $59.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, May 7th. 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. Finally, Morgan Stanley boosted their price objective on Miami International from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Miami International currently has a consensus rating of “Hold” and an average price target of $51.80.

Miami International Company 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.