One Charles Private Wealth Services LLC Makes New $4.40 Million Investment in Miami International Holdings, Inc. $MIAX

Key Points

• One Charles Private Wealth Services bought 118,419 shares of Miami International Holdings worth approximately $4.4 million, making MIAX its 23rd-largest holding and representing about 0.12% of the company.
• Several major institutions, including BlackRock and Vanguard, also initiated positions, while company insiders sold approximately $31.9 million in stock over the past 90 days, largely through pre-arranged plans.
• Miami International exceeded quarterly earnings expectations with EPS of $0.48 versus $0.41 expected and 34.8% year-over-year revenue growth. Analysts maintain a consensus “Hold” rating with a $51.40 price target, compared with shares recently trading near $43.41.

One Charles Private Wealth Services LLC purchased a new stake in Miami International Holdings, Inc. (NYSE:MIAX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 118,419 shares of the company's stock, valued at approximately $4,400,000. Miami International comprises 1.0% of One Charles Private Wealth Services LLC's holdings, making the stock its 23rd largest position. One Charles Private Wealth Services LLC owned approximately 0.12% of Miami International as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Miami International in the 2nd quarter valued at $188,466,000. J Digital 6 LLC acquired a new position in shares of Miami International in the second quarter valued at about $67,157,000. Vanguard Group Inc. bought a new position in Miami International during the third quarter worth about $55,660,000. Alyeska Investment Group L.P. acquired a new stake in Miami International in the 3rd quarter worth about $50,959,000. Finally, Bank of America Corp DE bought a new stake in Miami International in the 2nd quarter valued at about $31,845,000.

Insider Activity

In other Miami International news, CEO Thomas P. Gallagher sold 149,700 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $41.13, for a total value of $6,157,161.00. Following the transaction, the chief executive officer owned 1,423,275 shares in the company, valued at approximately $58,539,300.75. This represents a 9.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Barbara J. Comly sold 44,445 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $45.69, for a total value of $2,030,692.05. Following the completion of the sale, the executive vice president directly 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 754,948 shares of company stock worth $31,899,121. Company insiders own 15.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MIAX shares. Keefe, Bruyette & Woods increased their price target on Miami International from $46.00 to $48.00 and gave the stock a "market perform" rating in a research report on Friday, August 7th. Rosenblatt Securities boosted their price target on Miami International from $61.00 to $62.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Morgan Stanley downgraded shares of Miami International from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $53.00 to $50.00 in a research note on Tuesday, September 1st. Wall Street Zen downgraded shares of Miami International from a "buy" rating to a "hold" rating in a report on Sunday, August 23rd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Miami International in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $51.40.

Miami International Price Performance

Shares of Miami International stock opened at $43.41 on Wednesday. The stock's 50-day moving average is $43.05 and its 200 day moving average is $43.09. Miami International Holdings, Inc. has a one year low of $35.43 and a one year high of $57.14. The firm has a market cap of $4.31 billion and a price-to-earnings ratio of 56.38.

Miami International (NYSE:MIAX - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.07. The company had revenue of $387.63 million during the quarter. Miami International had a net margin of 9.70% and a return on equity of 16.95%. The business's revenue was up 34.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 EPS. On average, sell-side analysts expect that Miami International Holdings, Inc. will post 1.7 EPS for the current fiscal year.

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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