Allspring Global Investments Holdings LLC Has $43.79 Million Stock Holdings in Miami International Holdings, Inc. $MIAX

Allspring Global Investments Holdings LLC boosted its position in Miami International Holdings, Inc. (NYSE:MIAX) by 19.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,112,261 shares of the company’s stock after buying an additional 180,208 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Miami International were worth $43,790,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Wyoming acquired a new position in shares of Miami International during the fourth quarter worth approximately $26,000. National Bank of Canada FI acquired a new stake in Miami International in the 3rd quarter valued at $29,000. Comerica Bank raised its holdings in Miami International by 295.6% during the fourth 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 bought a new position in shares of Miami International in the first quarter valued at $61,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Miami International during the fourth quarter valued at about $66,000.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Miami International from $40.00 to $48.00 and gave the stock a “market perform” rating in a research report on Friday, May 8th. Weiss Ratings raised Miami International from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. JPMorgan Chase & Co. increased their price objective on Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Morgan Stanley raised their target price on Miami International from $50.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Finally, Rosenblatt Securities upped their price target on Miami International from $59.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Miami International currently has an average rating of “Hold” and an average target price of $51.80.

Insiders Place Their Bets

In other news, EVP Harish Jayabalan sold 20,000 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $42.12, for a total transaction of $842,400.00. Following the completion of the transaction, the executive vice president owned 78,065 shares in the company, valued at approximately $3,288,097.80. This represents a 20.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Thomas P. Gallagher sold 70,000 shares of Miami International stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $42.52, for a total value of $2,976,400.00. Following the completion of the sale, the chief executive officer directly owned 1,723,275 shares of the company’s stock, valued at approximately $73,273,653. This trade represents a 3.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 720,854 shares of company stock valued at $31,679,840. Company insiders own 15.60% of the company’s stock.

Miami International Stock Performance

MIAX opened at $42.18 on Friday. The firm has a market cap of $4.00 billion and a P/E ratio of 43.94. The firm has a 50-day moving average of $43.85 and a 200 day moving average of $42.86. Miami International Holdings, Inc. has a fifty-two week low of $28.63 and a fifty-two week 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 the consensus estimate of $0.36 by $0.06. The company had revenue of $369.69 million during the quarter, compared to the consensus estimate of $122.74 million. The business’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. Equities research analysts predict that Miami International Holdings, Inc. will post 1.58 earnings per share for the current fiscal year.

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.