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

Key Points

• Executive sale: EVP Barbara Comly sold 44,445 MIAX shares for approximately $2.03 million at an average price of $45.69 under a pre-arranged Rule 10b5-1 plan. Her remaining stake fell 4.79% to 882,984 shares.
• Quarterly performance: Miami International reported adjusted earnings of $0.48 per share, exceeding the $0.41 consensus estimate, while revenue rose 34.8% year over year to $387.63 million.
• Market and analyst view: MIAX shares recently traded at $45.38, down 1.3%, and analysts maintain a consensus Hold rating with a $52 price target; institutional investors including Vanguard and T. Rowe Price increased their holdings.

Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) EVP Barbara Comly sold 44,445 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $45.69, for a total transaction of $2,030,692.05. Following the transaction, the executive vice president directly owned 882,984 shares of the company's stock, valued at approximately $40,343,538.96. This represents a 4.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Stock Down 1.3%

Shares of MIAX stock traded down $0.58 during trading hours on Thursday, hitting $45.38. 1,947,036 shares of the company were exchanged, compared to its average volume of 1,552,097. The firm has a fifty day moving average of $41.66 and a 200 day moving average of $42.92. Miami International Holdings, Inc. has a 1 year low of $28.63 and a 1 year high of $57.14. The firm has a market cap of $4.31 billion and a PE ratio of 47.27.

Miami International (NYSE:MIAX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.41 by $0.07. The company had revenue of $387.63 million for the quarter. The business's revenue was up 34.8% compared to the same quarter last year. During the same period last year, the business earned $0.48 earnings per share. Analysts expect that Miami International Holdings, Inc. will post 1.59 earnings per share for the current year.

Analysts Set New Price Targets

MIAX has been the topic of a number of research analyst reports. Zacks Research cut Miami International from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. Wall Street Zen downgraded Miami International from a "buy" rating to a "hold" rating in a report on Sunday, May 17th. Keefe, Bruyette & Woods boosted their target price on Miami International from $40.00 to $48.00 and gave the stock a "market perform" rating in a report on Friday, May 8th. JPMorgan Chase & Co. increased their target price on shares of Miami International from $41.00 to $45.00 and gave the stock a "neutral" rating in a research report on Thursday, May 7th. Finally, Rosenblatt Securities raised their price target on shares of Miami International from $61.00 to $62.00 and gave the company a "buy" rating in a report on Thursday. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $52.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MIAX. T. Rowe Price Investment Management Inc. boosted its position in shares of Miami International by 24.5% in 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 buying an additional 595,096 shares during the period. Vanguard Group Inc. lifted its position in Miami International by 39.5% during the 4th quarter. Vanguard Group Inc. now owns 1,928,286 shares of the company's stock worth $85,577,000 after acquiring an additional 545,770 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its holdings 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 worth $80,763,000 after acquiring an additional 437,395 shares during the period. Alyeska Investment Group L.P. boosted its holdings 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 worth $57,076,000 after acquiring an additional 20,350 shares during the period. Finally, Invesco Ltd. grew its position in Miami International by 178.8% in the fourth 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 in the last quarter.

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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