Hudson Bay Capital Management LP Invests $1.66 Million in Miami International Holdings, Inc. $MIAX

Hudson Bay Capital Management LP purchased a new stake in Miami International Holdings, Inc. (NYSE:MIAX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 41,145 shares of the company’s stock, valued at approximately $1,656,000. Hudson Bay Capital Management LP owned 0.05% of Miami International as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MIAX. National Bank of Canada FI bought a new position in Miami International during the third quarter worth about $29,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Miami International in the third quarter worth about $101,000. Texas Yale Capital Corp. bought a new stake in shares of Miami International in the third quarter worth about $201,000. Sandia Investment Management LP acquired a new stake in shares of Miami International during the third quarter worth about $266,000. Finally, Limestone Investment Advisors LP acquired a new stake in shares of Miami International during the third quarter worth about $278,000.

Miami International Stock Performance

Shares of MIAX stock opened at $39.17 on Monday. Miami International Holdings, Inc. has a 52-week low of $28.63 and a 52-week high of $51.38. The stock has a market cap of $3.59 billion and a price-to-earnings ratio of 72.54. The firm’s 50-day moving average is $41.34 and its 200-day moving average is $42.63.

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Miami International news, EVP Douglas M. Schafer, Jr. sold 48,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $39.74, for a total value of $1,907,520.00. Following the transaction, the executive vice president directly owned 396,681 shares in the company, valued at $15,764,102.94. The trade was a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kurt M. Eckert sold 37,917 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $39.00, for a total transaction of $1,478,763.00. Following the completion of the transaction, the director directly owned 142,375 shares in the company, valued at $5,552,625. The trade was a 21.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 206,971 shares of company stock valued at $8,339,813 over the last ninety days.

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.