Blair William & Co. IL Takes Position in Miami International Holdings, Inc. $MIAX

Key Points

• Blair William & Co. IL opened a new position in Miami International (NYSE:MIAX) in Q3, buying 363,765 shares worth about $14.65 million, equal to roughly 0.45% of the company.
• Director Murray Stahl sold 121,054 shares on March 2 at an average of $40.92 for about $4.95 million, trimming his holding by 2.52% but still retaining 4,689,466 shares (≈$191.9 million).
• MIAX reported an earnings beat (Q: $0.52 EPS vs $0.41 expected and $369.43M revenue) while analysts remain split (average rating: Hold, average target $48); the stock trades near $40.93 with a market cap of $3.33B and a P/E of ~75.8.

Blair William & Co. IL purchased a new position in Miami International Holdings, Inc. (NYSE:MIAX - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 363,765 shares of the company's stock, valued at approximately $14,645,000. Blair William & Co. IL owned 0.45% of Miami International at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MIAX. Emerald Mutual Fund Advisers Trust purchased a new stake in Miami International in the third quarter worth $101,000. Texas Yale Capital Corp. purchased a new position in shares of Miami International during the 3rd quarter valued at $201,000. Caprock Group LLC purchased a new position in shares of Miami International during the 3rd quarter valued at $376,000. Readystate Asset Management LP bought a new position in shares of Miami International during the 3rd quarter worth $503,000. Finally, First Trust Advisors LP purchased a new stake in Miami International in the 3rd quarter worth about $843,000.

Insider Activity at Miami International

In other news, Director Murray Stahl sold 121,054 shares of the business's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $40.92, for a total transaction of $4,953,529.68. Following the completion of the transaction, the director directly owned 4,689,466 shares in the company, valued at $191,892,948.72. The trade was a 2.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Analyst Upgrades and Downgrades

MIAX has been the topic of several recent research reports. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Miami International in a report on Monday, December 29th. Wall Street Zen upgraded shares of Miami International from a "hold" rating to a "buy" rating in a research note on Saturday. Rosenblatt Securities reissued a "buy" rating and issued a $59.00 price target on shares of Miami International in a research report on Thursday. Finally, Zacks Research cut shares of Miami International from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 1st. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Miami International presently has an average rating of "Hold" and an average target price of $48.00.

Miami International Stock Performance

Shares of Miami International stock opened at $40.93 on Monday. The stock has a 50-day moving average price of $42.29. Miami International Holdings, Inc. has a 12-month low of $28.63 and a 12-month high of $51.38. The stock has a market capitalization of $3.33 billion and a P/E ratio of 75.80.

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

About Miami International

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.