302,247 Shares in Miami International Holdings, Inc. $MIAX Bought by Victory Capital Management Inc.

Key Points

• Victory Capital Management bought a new stake of 302,247 shares in Miami International, valued at about $12.17 million and representing roughly 0.37% of the company at quarter-end.
• Miami International beat expectations last quarter with EPS of $0.52 versus a $0.41 consensus and reported revenue of $369.43 million (consensus $121.13M), a 14% year-over-year increase.
• Director Murray Stahl purchased 7,200 shares at about $43.38 each, while analyst coverage is mixed (consensus "Hold" with an average price target of $48) and the stock trades around $39.48 with a $3.62 billion market cap.

Victory Capital Management Inc. purchased a new stake in Miami International Holdings, Inc. (NYSE:MIAX - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 302,247 shares of the company's stock, valued at approximately $12,168,000. Victory Capital Management Inc. owned about 0.37% of Miami International at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Miami International in the 3rd quarter valued at about $101,000. Texas Yale Capital Corp. acquired a new position in Miami International during the third quarter worth approximately $201,000. Caprock Group LLC bought a new stake in Miami International in the third quarter valued at approximately $376,000. Readystate Asset Management LP acquired a new stake in shares of Miami International in the third quarter valued at approximately $503,000. Finally, Atlas Wealth Partners LLC bought a new position in shares of Miami International during the 3rd quarter worth approximately $881,000.

Miami International Stock Down 2.6%

Shares of Miami International stock opened at $39.48 on Thursday. The stock has a market capitalization of $3.62 billion and a price-to-earnings ratio of 73.10. Miami International Holdings, Inc. has a twelve month low of $28.63 and a twelve month high of $51.38. The company has a 50-day simple moving average of $41.99 and a two-hundred day simple moving average of $42.40.

Miami International (NYSE:MIAX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.11. The company had revenue of $369.43 million during the quarter, compared to the consensus estimate of $121.13 million. The company's quarterly revenue was up 14.0% compared to the same quarter last year.

Insiders Place Their Bets

In other news, Director Murray Stahl acquired 7,200 shares of Miami International stock in a transaction on Wednesday, March 4th. The shares were purchased at an average cost of $43.38 per share, for a total transaction of $312,336.00. Following the completion of the purchase, the director directly owned 4,633,842 shares of the company's stock, valued at approximately $201,016,065.96. This represents a 0.16% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a "sell (d+)" rating on shares of Miami International in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Miami International from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Zacks Research downgraded shares of Miami International from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 1st. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $59.00 price target on shares of Miami International in a report on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $48.00.

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.

Want to see what other hedge funds are holding MIAX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Miami International Holdings, Inc. (NYSE:MIAX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.