Miami International (NYSE:MIAX) Director Sells $266,006.25 in Stock

Key Points

• Director Kurt Eckert sold 5,625 shares on May 4 under a pre-arranged Rule 10b5-1 plan for about $266,006.25, trimming his holding by 3.8% to 142,375 shares valued at roughly $6.73M.
• Miami International beat expectations last quarter with EPS of $0.52 versus $0.41 and revenue of $369.43M (up 14% year-over-year), and analysts forecast about 1.45 EPS for the fiscal year.
• MIAX traded at $48.07 with a 12‑month range of $28.63–$51.38, a market cap of $4.56B and a P/E of 89.03, and analysts hold a consensus "Moderate Buy" with a $47.60 target amid mixed individual ratings (Morgan Stanley raised its target to $50).

Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) Director Kurt Eckert sold 5,625 shares of the business's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $47.29, for a total transaction of $266,006.25. Following the transaction, the director directly owned 142,375 shares in the company, valued at $6,732,913.75. This trade represents a 3.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Price Performance

MIAX stock traded up $0.76 on Tuesday, reaching $48.07. 1,035,198 shares of the company were exchanged, compared to its average volume of 1,267,720. Miami International Holdings, Inc. has a 12 month low of $28.63 and a 12 month high of $51.38. The stock's fifty day moving average price is $41.61 and its 200 day moving average price is $43.13. The firm has a market capitalization of $4.56 billion and a PE ratio of 89.03.

Miami International (NYSE:MIAX - Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (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 the consensus estimate of $121.13 million. The firm's quarterly revenue was up 14.0% compared to the same quarter last year. As a group, research analysts expect that Miami International Holdings, Inc. will post 1.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MIAX has been the topic of several analyst reports. Morgan Stanley boosted their price target on shares of Miami International from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, April 10th. Wall Street Zen lowered shares of Miami International from a "buy" rating to a "hold" rating in a report on Saturday, March 28th. Rosenblatt Securities reissued a "buy" rating and issued a $59.00 price target on shares of Miami International in a report on Tuesday, April 7th. Weiss Ratings reissued a "sell (d+)" rating on shares of Miami International in a report on Friday, March 27th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Miami International in a report on Wednesday, April 8th. They issued a "market perform" rating and a $40.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Miami International has an average rating of "Moderate Buy" and a consensus target price of $47.60.

Institutional Investors Weigh In On Miami International

Several institutional investors and hedge funds have recently made changes to their positions in MIAX. State of Wyoming acquired a new stake in shares of Miami International in the 4th quarter valued at $26,000. National Bank of Canada FI acquired a new stake in shares of Miami International in the 3rd quarter valued at $29,000. Comerica Bank boosted its stake in shares of Miami International by 295.6% in the 4th quarter. Comerica Bank now owns 1,254 shares of the company's stock valued at $56,000 after purchasing an additional 937 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of Miami International in the 1st quarter valued at $61,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Miami International in the fourth quarter valued at about $66,000.

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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