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

Key Points

• EVP Barbara Comly sold 28,000 shares of MIAX on May 4 at an average price of $47.26 for about $1.323 million, leaving her with 843,844 shares (a 3.21% drop in her holdings); the trade was executed under a pre-arranged Rule 10b5-1 plan.
• MIAX stock traded up 1.6% to $48.07 with a $4.56 billion market cap and a P/E of 89.03; the company reported an earnings beat (Q EPS $0.52 vs. $0.41 estimate) and revenue of $369.43M (up 14% YoY), while analysts hold a consensus "Moderate Buy" rating and a $47.60 price target.

Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) EVP Barbara Comly sold 28,000 shares of Miami International stock in a transaction on Monday, May 4th. The shares were sold at an average price of $47.26, for a total transaction of $1,323,280.00. Following the completion of the sale, the executive vice president directly owned 843,844 shares of the company's stock, valued at approximately $39,880,067.44. This trade represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Stock Up 1.6%

MIAX stock traded up $0.76 during trading on Tuesday, reaching $48.07. The stock had a trading volume of 1,035,198 shares, compared to its average volume of 1,267,720. The company has a market capitalization of $4.56 billion and a price-to-earnings ratio of 89.03. Miami International Holdings, Inc. has a one year low of $28.63 and a one year high of $51.38. The company's 50 day moving average is $41.61 and its two-hundred day moving average is $43.13.

Miami International (NYSE:MIAX - Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.11. The company had revenue of $369.43 million for the quarter, compared to the consensus estimate of $121.13 million. Miami International's quarterly revenue was up 14.0% on a year-over-year basis. As a group, research analysts predict that Miami International Holdings, Inc. will post 1.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MIAX has been the topic of a number of recent research reports. Rosenblatt Securities restated a "buy" rating and set a $59.00 price target on shares of Miami International in a research note on Tuesday, April 7th. Wall Street Zen cut shares of Miami International from a "buy" rating to a "hold" rating in a research note on Saturday, March 28th. Keefe, Bruyette & Woods initiated coverage on shares of Miami International in a research note on Wednesday, April 8th. They set a "market perform" rating and a $40.00 price target on the stock. Morgan Stanley upped their price target on shares of Miami International from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, April 10th. Finally, Zacks Research upgraded shares of Miami International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $47.60.

Institutional Trading of Miami International

Several institutional investors and hedge funds have recently bought and sold shares of the company. Mad River Investors lifted its stake in Miami International by 0.6% in the 4th quarter. Mad River Investors now owns 75,050 shares of the company's stock worth $3,331,000 after purchasing an additional 450 shares in the last quarter. State of Wyoming purchased a new stake in Miami International in the 4th quarter worth approximately $26,000. National Bank of Canada FI purchased a new stake in Miami International in the 3rd quarter worth approximately $29,000. First Trust Advisors LP lifted its stake in Miami International by 3.5% in the 4th quarter. First Trust Advisors LP now owns 21,671 shares of the company's stock worth $962,000 after purchasing an additional 733 shares in the last quarter. Finally, Coastal Bridge Advisors LLC lifted its stake in Miami International by 1.1% in the 4th quarter. Coastal Bridge Advisors LLC now owns 77,415 shares of the company's stock worth $3,436,000 after purchasing an additional 850 shares in the last quarter.

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.

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