Kurt Eckert Sells 37,917 Shares of Miami International (NYSE:MIAX) Stock

Miami International Holdings, Inc. (NYSE:MIAX) Director Kurt Eckert sold 37,917 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $39.00, for a total value of $1,478,763.00. Following the sale, the director owned 142,375 shares of the company’s stock, valued at $5,552,625. This trade represents a 21.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Miami International Price Performance

Shares of MIAX stock opened at $39.17 on Friday. The stock’s 50-day moving average is $41.34 and its 200 day moving average is $42.58. Miami International Holdings, Inc. has a 1-year low of $28.63 and a 1-year high of $51.38. The company has a market cap of $3.59 billion and a P/E ratio of 72.54.

Miami International (NYSE:MIAX) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.41 by $0.11. The firm had revenue of $369.43 million for the quarter, compared to analysts’ expectations of $121.13 million. Miami International’s revenue for the quarter was up 14.0% compared to the same quarter last year.

Institutional Trading of Miami International

Institutional investors have recently bought and sold shares of the stock. State of Wyoming purchased a new stake in Miami International during the 4th quarter worth approximately $26,000. National Bank of Canada FI acquired a new stake in shares of Miami International during the third quarter worth $29,000. Comerica Bank lifted its stake in shares of Miami International by 295.6% during the fourth quarter. Comerica Bank now owns 1,254 shares of the company’s stock worth $56,000 after buying an additional 937 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Miami International during the fourth quarter valued at $66,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of Miami International in the 3rd quarter valued at $101,000.

Wall Street Analysts Forecast Growth

MIAX has been the subject of several recent analyst reports. Zacks Research downgraded shares of Miami International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Miami International in a research report on Monday, December 29th. Rosenblatt Securities reiterated a “buy” rating and set a $59.00 price objective on shares of Miami International in a report on Thursday, March 5th. Finally, Wall Street Zen upgraded Miami International from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Miami International presently has a consensus rating of “Hold” and a consensus target price of $48.00.

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.