Miami International (NYSE:MIAX) EVP Edward Deitzel Sells 7,572 Shares

Key Points

• EVP Edward Deitzel sold 7,572 shares on April 8 at an average price of $42.02 under a pre-arranged Rule 10b5-1 plan, generating $318,175 and reducing his stake by 6.12% to 116,221 shares.
• Miami International beat expectations for the quarter, reporting $0.52 EPS versus $0.41 expected and revenue of $369.43 million (up 14% year-over-year) versus analysts' $121.13 million estimate.
• Analyst views are mixed: the consensus rating is Hold with an average price target of $47.20, while individual firms' targets range from $40 to $59 and ratings span Sell to Buy.

Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) EVP Edward Deitzel sold 7,572 shares of the company's stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $42.02, for a total transaction of $318,175.44. Following the sale, the executive vice president owned 116,221 shares in the company, valued at $4,883,606.42. This represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Edward Deitzel also recently made the following trade(s):

• On Tuesday, April 7th, Edward Deitzel sold 4,763 shares of Miami International stock. The stock was sold at an average price of $42.00, for a total transaction of $200,046.00.

Miami International Stock Down 2.3%

Miami International stock traded down $0.97 during midday trading on Thursday, reaching $41.25. The stock had a trading volume of 1,091,065 shares, compared to its average volume of 1,352,613. Miami International Holdings, Inc. has a 52-week low of $28.63 and a 52-week high of $51.38. The firm has a market cap of $3.78 billion and a price-to-earnings ratio of 76.39. The company has a fifty day moving average of $40.50 and a 200 day moving average of $42.79.

Miami International (NYSE:MIAX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.11. The firm had revenue of $369.43 million during the quarter, compared to analysts' expectations of $121.13 million. Miami International's quarterly revenue was up 14.0% on a year-over-year basis.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a "sell (d+)" rating on shares of Miami International in a research report on Friday, March 27th. Wall Street Zen lowered shares of Miami International from a "buy" rating to a "hold" rating in a research report on Saturday, March 28th. Rosenblatt Securities reissued a "buy" rating and issued a $59.00 price objective on shares of Miami International in a research report on Tuesday. Keefe, Bruyette & Woods began coverage on shares of Miami International in a research report on Wednesday. They issued a "market perform" rating and a $40.00 price objective on the stock. Finally, Zacks Research lowered shares of Miami International from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 1st. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $47.20.

More Miami International News

Here are the key news stories impacting Miami International this week:

• Positive Sentiment: Rosenblatt Securities reiterated a "Buy" rating and set a $59 price target, providing a clear upside thesis versus the current market level and supporting investor confidence. Read More.
• Neutral Sentiment: Miami International announced the passing of board member Murray Stahl; the company praised his contributions. This is primarily a governance update — likely neutral for fundamentals unless it triggers broader board changes. Read More.
• Negative Sentiment: Executive insider selling: EVP Shelly Brown sold modest blocks of shares across April 6–7 under a pre-arranged Rule 10b5-1 plan (multiple filings), reducing her stake by small percentages. While the sales are routine and pre-planned, visible insider selling can weigh on sentiment in the near term. Read More.
• Negative Sentiment: Keefe, Bruyette & Woods initiated coverage with a "Market Perform" rating and a $40 price target, which implies downside from recent levels and may pressure sentiment among more cautious investors. Read More.

Hedge Funds Weigh In On Miami International

A number of institutional investors have recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. increased its position 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 worth $134,282,000 after acquiring an additional 595,096 shares during the period. Vanguard Group Inc. boosted its stake in shares of Miami International by 39.5% during the fourth quarter. Vanguard Group Inc. now owns 1,928,286 shares of the company's stock valued at $85,577,000 after purchasing an additional 545,770 shares in the last quarter. Horizon Kinetics Asset Management LLC increased its holdings in Miami International by 31.6% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,819,798 shares of the company's stock valued at $80,763,000 after buying an additional 437,395 shares during the period. Alyeska Investment Group L.P. increased its holdings in Miami International by 1.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,286,086 shares of the company's stock valued at $57,076,000 after buying an additional 20,350 shares during the period. Finally, Invesco Ltd. increased its holdings in Miami International by 178.8% during the fourth quarter. Invesco Ltd. now owns 1,278,966 shares of the company's stock valued at $56,761,000 after buying an additional 820,246 shares during the period.

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.

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.