Calamos Advisors LLC Buys New Position in Miami International Holdings, Inc. $MIAX

Key Points

• Calamos Advisors bought a new stake of 41,364 shares in Miami International (NYSE:MIAX) during Q4, valued at about $1.84 million, representing roughly 0.05% ownership.
• Company insiders sold heavily over the last quarter — a total of 521,321 shares worth approximately $21.84 million — including notable sales by EVP Barbara Comly and Director Kurt Eckert.
• Analyst coverage is mixed but tilted positive: consensus is a "Moderate Buy" with a $47.60 target, while MIAX trades near $46.63 (market cap ~$4.27B, PE ~86) and recent analyst moves include upgrades and target increases.

Calamos Advisors LLC bought a new stake in Miami International Holdings, Inc. (NYSE:MIAX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 41,364 shares of the company's stock, valued at approximately $1,836,000. Calamos Advisors LLC owned about 0.05% of Miami International as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. National Bank of Canada FI acquired a new stake in Miami International in the 3rd quarter valued at approximately $29,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Miami International during the 3rd quarter worth approximately $101,000. SG Americas Securities LLC bought a new stake in shares of Miami International during the 4th quarter worth approximately $105,000. Texas Yale Capital Corp. bought a new stake in shares of Miami International during the 3rd quarter worth approximately $201,000. Finally, Arizona State Retirement System bought a new stake in shares of Miami International during the 4th quarter worth approximately $201,000.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wall Street Zen cut Miami International from a "buy" rating to a "hold" rating in a research note on Saturday, March 28th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Miami International in a research note on Friday, March 27th. Keefe, Bruyette & Woods assumed coverage on Miami International in a research note on Wednesday, April 8th. They set a "market perform" rating and a $40.00 price objective on the stock. Zacks Research upgraded Miami International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 15th. Finally, Morgan Stanley boosted their target price on Miami International from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.60.

Miami International Trading Up 1.7%

MIAX stock opened at $46.63 on Tuesday. The firm has a market capitalization of $4.27 billion and a PE ratio of 86.35. Miami International Holdings, Inc. has a 1-year low of $28.63 and a 1-year high of $51.38. The business's 50 day simple moving average is $41.21 and its 200 day simple moving average is $43.05.

Miami International (NYSE:MIAX - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.11. The business had revenue of $369.43 million for the quarter, compared to analyst estimates of $121.13 million. Miami International's revenue was up 14.0% on a year-over-year basis. As a group, sell-side analysts predict that Miami International Holdings, Inc. will post 1.45 EPS for the current fiscal year.

Insider Transactions at Miami International

In other Miami International news, EVP Barbara J. Comly sold 29,667 shares of the company's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $43.64, for a total value of $1,294,667.88. Following the transaction, the executive vice president directly owned 843,844 shares of the company's stock, valued at $36,825,352.16. This represents a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kurt M. Eckert sold 37,917 shares of the company's stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $39.00, for a total value of $1,478,763.00. Following the completion of the transaction, the director directly owned 142,375 shares in the company, valued at approximately $5,552,625. This represents a 21.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 521,321 shares of company stock worth $21,837,057.

Miami International 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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