Judson Gray Teekell Sells 2,700 Shares of Miami International (NYSE:MIAX) Stock

Miami International Holdings, Inc. (NYSE:MIAX) Director Judson Gray Teekell sold 2,700 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $40.00, for a total value of $108,000.00. Following the sale, the director directly owned 59,338 shares in the company, valued at $2,373,520. The trade was a 4.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Trading Down 0.1%

MIAX stock opened at $40.15 on Friday. Miami International Holdings, Inc. has a 1-year low of $28.63 and a 1-year high of $51.38. The firm has a market cap of $3.68 billion and a PE ratio of 74.34. The business’s 50-day moving average price is $40.51 and its two-hundred day moving average price is $42.73.

Miami International (NYSE:MIAX) last released 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 for the quarter, compared to the consensus estimate of $121.13 million. The company’s revenue was up 14.0% on a year-over-year basis.

Analyst Ratings Changes

MIAX has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Miami International in a report on Friday, March 27th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $59.00 target price on shares of Miami International in a research report on Thursday, March 5th. Wall Street Zen lowered shares of Miami International from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Zacks Research downgraded shares of Miami International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $48.00.

Institutional Investors Weigh In On Miami International

A number of institutional investors and hedge funds have recently made changes to their positions in MIAX. State of Wyoming bought a new position in shares of Miami International in the fourth quarter valued at $26,000. National Bank of Canada FI bought a new stake in Miami International during the third quarter worth $29,000. Comerica Bank lifted its stake in Miami International by 295.6% in the fourth quarter. Comerica Bank now owns 1,254 shares of the company’s stock valued at $56,000 after acquiring an additional 937 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Miami International in the fourth quarter valued at $66,000. Finally, Emerald Mutual Fund Advisers Trust bought a new position in shares of Miami International in the 3rd quarter valued at about $101,000.

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.