Atlas Wealth Partners LLC Buys New Shares in Miami International Holdings, Inc. $MIAX

Atlas Wealth Partners LLC bought a new position in shares of Miami International Holdings, Inc. (NYSE:MIAX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 21,889 shares of the company’s stock, valued at approximately $881,000. Miami International accounts for approximately 0.9% of Atlas Wealth Partners LLC’s investment portfolio, making the stock its 20th biggest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Caldwell Investment Management Ltd. acquired a new stake in Miami International during the 3rd quarter valued at approximately $27,056,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Miami International during the third quarter worth $17,684,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Miami International during the third quarter valued at $101,000.

Miami International Price Performance

Miami International stock opened at $42.50 on Monday. The business’s fifty day simple moving average is $44.39. The stock has a market capitalization of $3.46 billion and a price-to-earnings ratio of 2,125.00. 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 released its earnings results on Wednesday, November 5th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.12. During the same quarter in the previous year, the business earned $0.11 earnings per share. The business’s revenue for the quarter was up 57.4% compared to the same quarter last year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MIAX. JPMorgan Chase & Co. upped their target price on Miami International from $32.00 to $37.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Morgan Stanley raised their price objective on shares of Miami International from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Zacks Research cut shares of Miami International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Keefe, Bruyette & Woods increased their price target on shares of Miami International from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Miami International in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $47.20.

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.