Focus Partners Advisor Solutions LLC Buys New Holdings in Miami International Holdings, Inc. $MIAX

Key Points

• Focus Partners Advisor Solutions purchased 136,736 shares of Miami International Holdings in the second quarter, valued at approximately $5.1 million and representing a 0.14% stake. Other major institutions, including Vanguard, Alyeska, Invesco and Bank of America, have also recently increased exposure.
• Miami International reported quarterly revenue of $387.6 million, up 34.8% year over year, and earnings of $0.48 per share, exceeding analysts’ $0.41 estimate. The stock opened at $43.60, while its consensus analyst rating remains “Hold” with a $52 price target.
• Insiders have sold 647,508 shares worth approximately $27.7 million over the past three months, though the transactions were conducted under pre-arranged Rule 10b5-1 trading plans. Corporate insiders continue to own 15.6% of the company.

Focus Partners Advisor Solutions LLC purchased a new position in shares of Miami International Holdings, Inc. (NYSE:MIAX - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 136,736 shares of the company's stock, valued at approximately $5,081,000. Focus Partners Advisor Solutions LLC owned 0.14% of Miami International as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. acquired a new stake in shares of Miami International in the third quarter valued at approximately $55,660,000. Alyeska Investment Group L.P. acquired a new position in shares of Miami International during the 3rd quarter worth approximately $50,959,000. Invesco Ltd. increased its holdings in shares of Miami International by 178.8% during the 4th quarter. Invesco Ltd. now owns 1,278,966 shares of the company's stock worth $56,761,000 after acquiring an additional 820,246 shares during the last quarter. Bank of America Corp DE raised its stake in Miami International by 196.5% in the 1st quarter. Bank of America Corp DE now owns 900,882 shares of the company's stock valued at $35,062,000 after acquiring an additional 597,021 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in Miami International by 24.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,025,712 shares of the company's stock valued at $134,282,000 after purchasing an additional 595,096 shares during the last quarter.

Miami International Price Performance

MIAX opened at $43.60 on Friday. The business has a fifty day simple moving average of $41.73 and a 200 day simple moving average of $42.94. Miami International Holdings, Inc. has a 1 year low of $28.99 and a 1 year high of $57.14. The company has a market capitalization of $4.33 billion and a PE ratio of 56.62.

Miami International (NYSE:MIAX - Get Free Report) last posted 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. Miami International had a return on equity of 16.95% and a net margin of 9.70%.The firm had revenue of $387.63 million for the quarter. During the same quarter in the previous year, the business earned $0.48 EPS. The firm's quarterly revenue was up 34.8% on a year-over-year basis. Equities analysts anticipate that Miami International Holdings, Inc. will post 1.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MIAX shares. Rosenblatt Securities lifted their price objective on shares of Miami International from $61.00 to $62.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Miami International from a "hold" rating to a "buy" rating in a research note on Saturday. Keefe, Bruyette & Woods lifted their target price on shares of Miami International from $46.00 to $48.00 and gave the stock a "market perform" rating in a report on Friday, August 7th. Zacks Research lowered shares of Miami International from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 23rd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Miami International in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $52.00.

Insider Activity at Miami International

In related news, EVP Douglas M. Schafer, Jr. sold 48,000 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $42.84, for a total transaction of $2,056,320.00. Following the transaction, the executive vice president directly owned 396,681 shares of the company's stock, valued at approximately $16,993,814.04. This trade represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Barbara J. Comly sold 44,445 shares of Miami International stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $45.69, for a total transaction of $2,030,692.05. Following the completion of the sale, the executive vice president owned 882,984 shares of the company's stock, valued at $40,343,538.96. This trade represents a 4.79% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 647,508 shares of company stock worth $27,701,038. Corporate insiders own 15.60% of the company's stock.

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.

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.

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