103,819 Shares in Miami International Holdings, Inc. $MIAX Purchased by King Luther Capital Management Corp

Key Points

• King Luther Capital Management disclosed a new position in Miami International Holdings, buying 103,819 shares worth about $4.6 million in the fourth quarter and holding 0.13% of the company.
• Miami International reported better-than-expected quarterly results, with EPS of $0.42 versus $0.36 expected and revenue of $369.69 million, up 40% year over year.
• Analysts remain broadly positive on MIAX, with a Moderate Buy consensus and an average price target of $51.20, while several insiders recently sold shares under pre-arranged trading plans.

King Luther Capital Management Corp bought a new position in shares of Miami International Holdings, Inc. (NYSE:MIAX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 103,819 shares of the company's stock, valued at approximately $4,607,000. King Luther Capital Management Corp owned 0.13% of Miami International as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. National Bank of Canada FI purchased a new stake in Miami International during the third quarter worth $29,000. Comerica Bank boosted 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 in the last quarter. SG Americas Securities LLC purchased a new stake in Miami International during the fourth quarter worth $105,000. Strs Ohio purchased a new stake in Miami International during the fourth quarter worth $186,000. Finally, Texas Yale Capital Corp. purchased a new stake in Miami International during the third quarter worth $201,000.

Miami International Stock Performance

Shares of MIAX stock opened at $47.81 on Friday. Miami International Holdings, Inc. has a fifty-two week low of $28.63 and a fifty-two week high of $57.14. The firm has a market capitalization of $4.54 billion and a P/E ratio of 49.81. The stock's fifty day moving average is $45.59 and its two-hundred day moving average is $44.12.

Miami International (NYSE:MIAX - Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.06. The business had revenue of $369.69 million for the quarter, compared to analysts' expectations of $122.74 million. Miami International's quarterly revenue was up 40.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 EPS. On average, equities analysts forecast that Miami International Holdings, Inc. will post 1.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MIAX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Miami International from $41.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, May 7th. Morgan Stanley upped their price target on Miami International from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, April 10th. 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. Weiss Ratings raised Miami International from a "sell (d+)" rating to a "hold (c)" rating in a report on Monday, May 11th. Finally, Zacks Research raised Miami International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 15th. One investment 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 company's stock. Based on data from MarketBeat.com, Miami International has a consensus rating of "Moderate Buy" and a consensus price target of $51.20.

Insider Buying and Selling

In other Miami International news, EVP Shelly Brown sold 16,000 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $47.28, for a total value of $756,480.00. Following the completion of the sale, the executive vice president owned 325,047 shares in the company, valued at approximately $15,368,222.16. This represents a 4.69% decrease in their position. The transaction 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 Judson Gray Teekell sold 3,000 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $47.30, for a total transaction of $141,900.00. Following the completion of the sale, the director owned 56,338 shares of the company's stock, valued at approximately $2,664,787.40. The trade was a 5.06% 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. Insiders have sold 722,175 shares of company stock worth $31,648,266 in the last 90 days.

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.

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