Miami International (NYSE:MIAX) EVP Sells $1,294,667.88 in Stock

Key Points

• EVP Barbara Comly sold 29,667 shares at an average price of $43.64 for a total of $1,294,667.88, reducing her stake by 3.40% to 843,844 shares; the sale was disclosed in an SEC filing and executed under a pre-arranged Rule 10b5-1 plan.
• Miami International shares traded up 0.8% to $45.21 after the company reported an EPS beat of $0.52 versus $0.41 and revenue of $369.43 million (up 14% year-over-year), and the stock carries a market cap of about $4.14 billion with a P/E of 83.7.
• Analyst coverage is mixed but constructive overall, with a consensus rating of "Moderate Buy" and an average price target of $47.60; several institutions including T. Rowe Price and Invesco materially increased their positions recently.

Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) EVP Barbara Comly sold 29,667 shares of Miami International stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $43.64, for a total transaction of $1,294,667.88. Following the transaction, the executive vice president directly owned 843,844 shares in the company, valued at $36,825,352.16. This trade represents a 3.40% decrease in their ownership of the stock. The transaction 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.

Miami International Stock Up 0.8%

Shares of Miami International stock traded up $0.36 on Friday, hitting $45.21. The stock had a trading volume of 820,680 shares, compared to its average volume of 1,330,913. Miami International Holdings, Inc. has a one year low of $28.63 and a one year high of $51.38. The stock has a market cap of $4.14 billion and a price-to-earnings ratio of 83.71. The stock's 50-day simple moving average is $40.69 and its two-hundred day simple moving average is $42.87.

Miami International (NYSE:MIAX - Get Free Report) last issued its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.11. The firm had revenue of $369.43 million during the quarter, compared to the consensus estimate of $121.13 million. The business's revenue for the quarter was up 14.0% compared to the same quarter last year.

Analysts Set New Price Targets

MIAX has been the topic of several recent analyst reports. Keefe, Bruyette & Woods initiated coverage on shares of Miami International in a report on Wednesday, April 8th. They issued a "market perform" rating and a $40.00 target price on the stock. Weiss Ratings restated a "sell (d+)" rating on shares of Miami International in a report on Friday, March 27th. Zacks Research upgraded shares of Miami International from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Wall Street Zen cut shares of Miami International from a "buy" rating to a "hold" rating in a report on Saturday, March 28th. Finally, Morgan Stanley lifted 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. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $47.60.

Hedge Funds Weigh In On Miami International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atlas Brown Inc. purchased a new position in Miami International during the first quarter valued at $1,984,000. SG Americas Securities LLC lifted its position in Miami International by 48.9% during the first quarter. SG Americas Securities LLC now owns 3,537 shares of the company's stock valued at $138,000 after buying an additional 1,162 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Miami International during the fourth quarter valued at $66,000. T. Rowe Price Investment Management Inc. lifted its position in 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 buying an additional 595,096 shares during the period. Finally, Invesco Ltd. lifted its position 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.

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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