Shelly Brown Sells 16,000 Shares of Miami International (NYSE:MIAX) Stock

Key Points

• Shelly Brown, EVP of Miami International, sold 16,000 shares on May 4 at an average price of $47.28 for $756,480, a transaction executed under a Rule 10b5-1 trading plan that left her with 325,047 shares (a 4.69% ownership decline).
• The May 4 sale continues a recent pattern of insider disposals — she sold about 45,623 shares across late March and April, bringing recent cumulative sales to roughly 61,623 shares.
• MIAX traded up 1.6% to $48.07 midday; the company has a $4.56 billion market cap, a P/E of 89.03, a 52-week range of $28.63–$51.38, and analysts' consensus is a Moderate Buy with an average target price of $47.60.

Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) EVP Shelly Brown sold 16,000 shares of Miami International stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $47.28, for a total value of $756,480.00. Following the completion of the transaction, the executive vice president owned 325,047 shares of the company's stock, valued at approximately $15,368,222.16. The trade was a 4.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Shelly Brown also recently made the following trade(s):

• On Wednesday, April 8th, Shelly Brown sold 16,434 shares of Miami International stock. The shares were sold at an average price of $42.08, for a total value of $691,542.72.
• On Tuesday, April 7th, Shelly Brown sold 900 shares of Miami International stock. The stock was sold at an average price of $42.00, for a total value of $37,800.00.
• On Monday, April 6th, Shelly Brown sold 2,357 shares of Miami International stock. The stock was sold at an average price of $41.33, for a total value of $97,414.81.
• On Monday, March 23rd, Shelly Brown sold 25,932 shares of Miami International stock. The stock was sold at an average price of $39.33, for a total value of $1,019,905.56.

Miami International Trading Up 1.6%

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

Miami International (NYSE:MIAX - Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.41 by $0.11. The firm had revenue of $369.43 million for the quarter, compared to the consensus estimate of $121.13 million. Miami International's revenue for the quarter was up 14.0% compared to the same quarter last year. Sell-side analysts forecast that Miami International Holdings, Inc. will post 1.45 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on MIAX shares. Zacks Research raised Miami International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 15th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $59.00 price target on shares of Miami International in a report on Tuesday, April 7th. Morgan Stanley upped their price target on 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 cut Miami International from a "buy" rating to a "hold" rating in a report on Saturday, March 28th. Finally, Keefe, Bruyette & Woods started coverage on 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 investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $47.60.

Hedge Funds Weigh In On Miami International

Several institutional investors and hedge funds have recently modified their holdings of the stock. State of Wyoming bought a new stake in Miami International in the fourth quarter worth $26,000. National Bank of Canada FI bought a new stake in Miami International in the third quarter worth $29,000. Comerica Bank boosted its holdings in Miami International by 295.6% in the fourth quarter. Comerica Bank now owns 1,254 shares of the company's stock worth $56,000 after purchasing an additional 937 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Miami International in the fourth quarter worth $66,000. Finally, Fifth Third Bancorp bought a new stake in Miami International in the first quarter worth $61,000.

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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