Judson Gray Teekell Sells 3,000 Shares of Miami International (NYSE:MIAX) Stock

Key Points

• Judson Gray Teekell sold 3,000 shares of Miami International on May 4 at an average price of $47.30 for $141,900, reducing his stake by 5.06% to 56,338 shares; the sale was executed under a pre-arranged Rule 10b5-1 plan.
• Miami International recently beat quarterly estimates (EPS $0.52 vs. $0.41 est.; revenue $369.43M) and the stock traded up to $48.07, with a market cap of $4.56 billion and a P/E of 89.03.
• Large institutions (T. Rowe Price, Vanguard, Invesco, Horizon Kinetics) increased holdings in Q4, and analyst consensus is a "Moderate Buy" with an average target of $47.60 (Morgan Stanley's PT $50, rating overweight).

Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) Director Judson Gray Teekell sold 3,000 shares of Miami International stock in a transaction on Monday, May 4th. The shares were sold at an average price of $47.30, for a total value of $141,900.00. Following the completion of the transaction, the director owned 56,338 shares in the company, valued at $2,664,787.40. The trade was a 5.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Judson Gray Teekell also recently made the following trade(s):

• On Thursday, April 2nd, Judson Gray Teekell sold 2,700 shares of Miami International stock. The shares were sold at an average price of $40.00, for a total value of $108,000.00.

Miami International Trading Up 1.6%

Shares of MIAX traded up $0.76 during midday trading on Tuesday, reaching $48.07. 1,035,198 shares of the company were exchanged, compared to its average volume of 1,267,720. The stock has a 50-day moving average price of $41.61 and a 200-day moving average price of $43.13. The company has a market cap of $4.56 billion and a price-to-earnings ratio of 89.03. Miami International Holdings, Inc. has a 1-year low of $28.63 and a 1-year high of $51.38.

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, topping analysts' consensus estimates of $0.41 by $0.11. The company had revenue of $369.43 million for the quarter, compared to analyst estimates of $121.13 million. The business's revenue was up 14.0% compared to the same quarter last year. Equities research analysts anticipate that Miami International Holdings, Inc. will post 1.45 earnings per share for the current year.

Hedge Funds Weigh In On Miami International

Several institutional investors have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. grew its holdings in shares of Miami International by 24.5% during the fourth 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. Vanguard Group Inc. increased its position in Miami International by 39.5% in the 4th quarter. Vanguard Group Inc. now owns 1,928,286 shares of the company's stock valued at $85,577,000 after acquiring an additional 545,770 shares during the period. Horizon Kinetics Asset Management LLC increased its position in Miami International by 31.6% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 1,819,798 shares of the company's stock valued at $80,763,000 after acquiring an additional 437,395 shares during the period. Alyeska Investment Group L.P. increased its position in Miami International by 1.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,286,086 shares of the company's stock valued at $57,076,000 after acquiring an additional 20,350 shares during the period. Finally, Invesco Ltd. increased its position in Miami International by 178.8% in the 4th quarter. Invesco Ltd. now owns 1,278,966 shares of the company's stock valued at $56,761,000 after acquiring an additional 820,246 shares during the period.

Analyst Ratings Changes

Several research firms recently commented on MIAX. Keefe, Bruyette & Woods began coverage on Miami International in a research note on Wednesday, April 8th. They issued a "market perform" rating and a $40.00 price target on the stock. 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. Zacks Research raised Miami International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 15th. Finally, Morgan Stanley boosted their price objective on Miami International from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $47.60.

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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