Barbara Comly Sells 44,445 Shares of Miami International (NYSE:MIAX) Stock

Key Points

• Barbara Comly sold 44,445 Miami International shares for approximately $1.80 million at an average price of $40.49 under a pre-arranged Rule 10b5-1 trading plan, reducing her holdings by 5.03%.
• Miami International reported quarterly earnings of $0.48 per share, exceeding estimates of $0.41, while revenue rose 34.8% year over year to $387.63 million.
• Analysts maintain an overall “Hold” rating, with an average price target of $51.40; MIAX recently traded around $42.50.

Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) EVP Barbara Comly sold 44,445 shares of the firm's stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $40.49, for a total value of $1,799,578.05. Following the completion of the sale, the executive vice president directly owned 839,564 shares in the company, valued at $33,993,946.36. The trade was a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Price Performance

MIAX traded down $0.21 during midday trading on Friday, reaching $42.50. 804,726 shares of the company's stock traded hands, compared to its average volume of 1,519,371. The firm has a fifty day moving average of $42.72 and a two-hundred day moving average of $43.05. The stock has a market capitalization of $4.22 billion and a price-to-earnings ratio of 55.20. Miami International Holdings, Inc. has a 52 week low of $34.02 and a 52 week high of $57.14.

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

Institutional Investors Weigh In On Miami International

Hedge funds have recently bought and sold shares of the business. State of Wyoming purchased a new stake in Miami International in the fourth quarter worth about $26,000. National Bank of Canada FI purchased a new position in shares of Miami International during the third quarter valued at approximately $29,000. Comerica Bank boosted its position in shares of Miami International by 295.6% in the 4th quarter. Comerica Bank now owns 1,254 shares of the company's stock worth $56,000 after purchasing an additional 937 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Miami International during the 4th quarter valued at approximately $66,000. Finally, Fifth Third Bancorp bought a new stake in Miami International in the first quarter worth $61,000.

Analysts Set New Price Targets

MIAX has been the subject of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Miami International from $41.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, May 7th. Rosenblatt Securities increased their price target on shares of Miami International from $61.00 to $62.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Wall Street Zen cut Miami International from a "buy" rating to a "hold" rating in a research report on Sunday, August 23rd. Weiss Ratings reissued a "hold (c)" rating on shares of Miami International in a research report on Friday, August 7th. Finally, Keefe, Bruyette & Woods lifted their price target on Miami International from $46.00 to $48.00 and gave the company a "market perform" rating in a research report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $51.40.

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.

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