Alyeska Investment Group L.P. Sells 598,704 Shares of Miami International Holdings, Inc. $MIAX

Alyeska Investment Group L.P. lowered its stake in Miami International Holdings, Inc. (NYSE:MIAX - Free Report) by 41.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 848,750 shares of the company's stock after selling 598,704 shares during the period. Alyeska Investment Group L.P. owned approximately 0.86% of Miami International worth $31,540,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. State of Wyoming acquired a new position in shares of Miami International in the fourth quarter valued at approximately $26,000. National Bank of Canada FI acquired a new stake in shares of Miami International during the third quarter worth $29,000. Comerica Bank boosted its position in shares of 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 acquiring an additional 937 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Miami International in the fourth quarter valued at about $66,000. Finally, Fifth Third Bancorp acquired a new position in shares of Miami International in the first quarter valued at about $61,000.

Insider Buying and Selling at Miami International

In other Miami International news, EVP Barbara J. Comly sold 44,445 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $45.69, for a total value of $2,030,692.05. Following the completion of the transaction, the executive vice president owned 882,984 shares of the company's stock, valued at $40,343,538.96. This represents a 4.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Harish Jayabalan sold 20,000 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $45.90, for a total value of $918,000.00. Following the completion of the transaction, the executive vice president owned 78,065 shares of the company's stock, valued at $3,583,183.50. This represents a 20.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 797,208 shares of company stock worth $33,858,199 over the last three months. 15.60% of the stock is owned by corporate insiders.

Miami International Trading Up 0.2%

MIAX stock opened at $43.07 on Monday. The stock has a market capitalization of $4.27 billion and a P/E ratio of 55.94. Miami International Holdings, Inc. has a 12 month low of $34.02 and a 12 month high of $57.14. The firm has a 50-day moving average price of $42.26 and a 200-day moving average price of $43.03.

Miami International (NYSE:MIAX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.07. The company had revenue of $387.63 million for the quarter. Miami International had a net margin of 9.70% and a return on equity of 16.95%. The company's revenue for the quarter was up 34.8% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. As a group, equities analysts predict that Miami International Holdings, Inc. will post 1.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Morgan Stanley lifted their price objective on shares of Miami International from $50.00 to $53.00 and gave the stock an "overweight" rating in a research note on Friday, July 10th. Zacks Research lowered shares of Miami International from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Rosenblatt Securities lifted their price target on shares of Miami International from $61.00 to $62.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. boosted their price target on Miami International from $41.00 to $45.00 and gave the company a "neutral" rating in a research note on Thursday, May 7th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Miami International in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $52.00.

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.

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