Miami International Holdings, Inc. $MIAX Stake Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in Miami International Holdings, Inc. (NYSE:MIAX) by 105.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 932,053 shares of the company’s stock after acquiring an additional 478,385 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.14% of Miami International worth $40,684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. National Bank of Canada FI bought a new stake in shares of Miami International in the 3rd quarter valued at approximately $29,000. Emerald Mutual Fund Advisers Trust acquired a new stake in Miami International in the third quarter valued at approximately $101,000. SG Americas Securities LLC bought a new stake in Miami International in the fourth quarter worth approximately $105,000. Texas Yale Capital Corp. bought a new stake in Miami International in the third quarter worth approximately $201,000. Finally, Sandia Investment Management LP acquired a new position in shares of Miami International during the 3rd quarter worth $266,000.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wall Street Zen downgraded Miami International from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Rosenblatt Securities reissued a “buy” rating and issued a $59.00 price objective on shares of Miami International in a research note on Thursday, March 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Miami International in a report on Friday, March 27th. Finally, Zacks Research downgraded 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 given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Miami International currently has an average rating of “Hold” and a consensus price target of $48.00.

Miami International Stock Up 2.0%

MIAX opened at $40.15 on Friday. The stock’s 50 day moving average price is $40.56 and its two-hundred day moving average price is $42.67. The firm has a market capitalization of $3.68 billion and a P/E ratio of 74.34. Miami International Holdings, Inc. has a 12-month low of $28.63 and a 12-month high of $51.38.

Miami International (NYSE:MIAX) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.11. The business had revenue of $369.43 million during 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.

Insider Activity at Miami International

In other news, Director Kurt M. Eckert sold 37,917 shares of the company’s 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 owned 142,375 shares of the company’s stock, valued at approximately $5,552,625. This represents a 21.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Shelly Brown sold 25,932 shares of Miami International stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $39.33, for a total value of $1,019,905.56. Following the sale, the executive vice president directly owned 299,197 shares in the company, valued at approximately $11,767,418.01. This trade represents a 7.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 232,903 shares of company stock worth $9,359,718.

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.