Caldwell Investment Management Ltd. Buys New Stake in Miami International Holdings, Inc. $MIAX

Caldwell Investment Management Ltd. purchased a new stake in Miami International Holdings, Inc. (NYSE:MIAX) during the third quarter, according to its most recent filing with the SEC. The fund purchased 663,810 shares of the company’s stock, valued at approximately $27,056,000. Miami International comprises about 17.8% of Caldwell Investment Management Ltd.’s portfolio, making the stock its 2nd largest holding. Caldwell Investment Management Ltd. owned approximately 0.84% of Miami International as of its most recent SEC filing.

Separately, Allspring Global Investments Holdings LLC bought a new stake in shares of Miami International in the third quarter worth about $17,684,000.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Piper Sandler raised their price target on Miami International from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. raised their target price on shares of Miami International from $32.00 to $37.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Keefe, Bruyette & Woods upped their price target on shares of Miami International from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Thursday, November 6th. Zacks Research cut shares of Miami International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $55.00 target price on shares of Miami International in a report on Tuesday, December 9th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Miami International has an average rating of “Hold” and an average price target of $47.20.

Miami International Stock Performance

Shares of MIAX opened at $41.83 on Wednesday. The stock has a fifty day moving average of $45.25. The company has a market capitalization of $3.41 billion and a P/E ratio of 2,091.35. Miami International Holdings, Inc. has a 52-week low of $28.63 and a 52-week high of $51.38.

Miami International (NYSE:MIAX) last announced its earnings results on Wednesday, November 5th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.12. During the same quarter in the previous year, the company posted $0.11 earnings per share. The firm’s quarterly revenue was up 57.4% on a year-over-year basis.

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.