Bank of America Corp DE grew its stake in shares of Miami International Holdings, Inc. (NYSE:MIAX - Free Report) by 196.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 900,882 shares of the company's stock after buying an additional 597,021 shares during the period. Bank of America Corp DE owned 0.95% of Miami International worth $35,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Wyoming purchased a new position in Miami International in the 4th quarter worth about $26,000. National Bank of Canada FI acquired a new position in shares of Miami International during the 3rd quarter worth approximately $29,000. Comerica Bank lifted its stake in Miami International by 295.6% in the 4th quarter. Comerica Bank now owns 1,254 shares of the company's stock valued at $56,000 after buying an additional 937 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of Miami International during the first quarter worth $61,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Miami International during the fourth quarter worth about $66,000.
Insiders Place Their Bets
In other Miami International news, EVP Harish Jayabalan sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $45.90, for a total transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Edward Deitzel sold 11,000 shares of the business's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $45.78, for a total transaction of $503,580.00. Following the completion of the sale, the executive vice president directly owned 119,601 shares in the company, valued at approximately $5,475,333.78. This represents a 8.42% 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 647,508 shares of company stock worth $27,701,038 in the last 90 days. Company insiders own 15.60% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Miami International from a "hold" rating to a "buy" rating in a report on Saturday. JPMorgan Chase & Co. lifted their price target on shares of Miami International from $41.00 to $45.00 and gave the stock a "neutral" rating in a research note on Thursday, May 7th. Keefe, Bruyette & Woods boosted their target price on shares of Miami International from $46.00 to $48.00 and gave the stock a "market perform" rating in a research note on Friday, August 7th. Rosenblatt Securities lifted their price target on Miami International from $61.00 to $62.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, Morgan Stanley raised their target price on Miami International from $50.00 to $53.00 and gave the stock an "overweight" rating in a research report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $52.00.
Get Our Latest Stock Report on MIAX
Miami International Stock Down 0.7%
Miami International stock opened at $43.60 on Friday. The stock has a 50-day simple moving average of $41.73 and a 200 day simple moving average of $42.94. The stock has a market capitalization of $4.33 billion and a price-to-earnings ratio of 56.62. Miami International Holdings, Inc. has a 12-month low of $28.99 and a 12-month high of $57.14.
Miami International (NYSE:MIAX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.07. The firm had revenue of $387.63 million during the quarter. Miami International had a return on equity of 16.95% and a net margin of 9.70%.The business's revenue for the quarter was up 34.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 earnings per share. As a group, sell-side analysts anticipate that Miami International Holdings, Inc. will post 1.69 EPS for the current year.
Miami International Profile
(
Free Report)
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.
See Also
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).
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