149,904 Shares in Miami International Holdings, Inc. $MIAX Bought by Arrowstreet Capital Limited Partnership

Key Points

• Arrowstreet Capital acquired 149,904 shares of Miami International Holdings in the first quarter, worth approximately $5.8 million and representing a 0.16% stake.
• Miami International reported quarterly EPS of $0.42, exceeding the $0.36 consensus estimate, while revenue rose 40% year over year to $369.69 million.
• Analysts maintain a consensus “Hold” rating with a $51.80 price target; meanwhile, company insiders sold 555,000 shares worth about $23.8 million over the past 90 days.

Arrowstreet Capital Limited Partnership acquired a new stake in Miami International Holdings, Inc. (NYSE:MIAX - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 149,904 shares of the company's stock, valued at approximately $5,834,000. Arrowstreet Capital Limited Partnership owned 0.16% of Miami International as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of MIAX. State of Wyoming purchased a new stake in Miami International during the fourth quarter worth approximately $26,000. National Bank of Canada FI purchased a new position in Miami International in the third quarter valued at approximately $29,000. Comerica Bank increased its stake in Miami International by 295.6% in the fourth quarter. Comerica Bank now owns 1,254 shares of the company's stock valued at $56,000 after purchasing an additional 937 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Miami International during the first quarter worth approximately $61,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Miami International during the 4th quarter worth approximately $66,000.

Miami International Price Performance

Shares of NYSE MIAX opened at $47.09 on Monday. The stock has a fifty day moving average price of $41.92 and a 200 day moving average price of $42.84. Miami International Holdings, Inc. has a 1-year low of $28.63 and a 1-year high of $57.14. The company has a market cap of $4.47 billion and a PE ratio of 49.06.

Miami International (NYSE:MIAX - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. The firm had revenue of $369.69 million during the quarter, compared to analysts' expectations of $122.74 million. The firm's revenue was up 40.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. Analysts anticipate that Miami International Holdings, Inc. will post 1.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Miami International from $40.00 to $48.00 and gave the company a "market perform" rating in a research note on Friday, May 8th. JPMorgan Chase & Co. lifted their target price on Miami International from $41.00 to $45.00 and gave the stock a "neutral" rating in a research 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. Morgan Stanley upped their target price on Miami International from $50.00 to $53.00 and gave the company an "overweight" rating in a research report on Friday, July 10th. Finally, Zacks Research downgraded Miami International from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $51.80.

Insider Transactions at Miami International

In other Miami International news, EVP Edward Deitzel sold 11,000 shares of the business's stock in a transaction on Monday, July 6th. The stock was sold at an average price of $42.04, for a total transaction of $462,440.00. Following the sale, the executive vice president directly owned 119,601 shares in the company, valued at approximately $5,028,026.04. The trade was a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 on 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 transaction, the chief executive officer directly owned 1,723,275 shares of the company's stock, valued at $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 90 days, insiders sold 555,000 shares of company stock valued at $23,841,231. 15.60% of the stock is owned by company insiders.

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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