Los Angeles Capital Management LLC Grows Stock Holdings in MediaAlpha, Inc. (NYSE:MAX)

Los Angeles Capital Management LLC raised its position in shares of MediaAlpha, Inc. (NYSE:MAX) by 128.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 126,045 shares of the company’s stock after purchasing an additional 70,862 shares during the period. Los Angeles Capital Management LLC’s holdings in MediaAlpha were worth $1,423,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its position in MediaAlpha by 11.9% during the third quarter. The Manufacturers Life Insurance Company now owns 11,368 shares of the company’s stock valued at $206,000 after purchasing an additional 1,213 shares in the last quarter. Quarry LP grew its stake in shares of MediaAlpha by 157.8% in the third quarter. Quarry LP now owns 2,820 shares of the company’s stock worth $51,000 after purchasing an additional 1,726 shares during the last quarter. Rhumbline Advisers grew its stake in shares of MediaAlpha by 4.3% in the fourth quarter. Rhumbline Advisers now owns 43,431 shares of the company’s stock worth $490,000 after purchasing an additional 1,782 shares during the last quarter. MetLife Investment Management LLC boosted its position in MediaAlpha by 28.8% during the 3rd quarter. MetLife Investment Management LLC now owns 17,446 shares of the company’s stock valued at $316,000 after acquiring an additional 3,906 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in MediaAlpha by 8.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 73,428 shares of the company’s stock valued at $1,330,000 after acquiring an additional 5,708 shares in the last quarter. Hedge funds and other institutional investors own 64.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MAX shares. Keefe, Bruyette & Woods lowered their target price on shares of MediaAlpha from $22.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday. Royal Bank of Canada restated an “outperform” rating and issued a $20.00 price objective on shares of MediaAlpha in a report on Tuesday. The Goldman Sachs Group decreased their price objective on shares of MediaAlpha from $23.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday. Canaccord Genuity Group decreased their target price on shares of MediaAlpha from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of MediaAlpha from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.50.

MediaAlpha Price Performance

Shares of MAX stock opened at $9.31 on Friday. MediaAlpha, Inc. has a 1 year low of $8.65 and a 1 year high of $25.78. The firm has a fifty day moving average price of $11.37 and a 200-day moving average price of $14.20. The company has a market cap of $620.31 million, a price-to-earnings ratio of 54.74 and a beta of 1.12.

MediaAlpha (NYSE:MAX) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.16). The business had revenue of $300.65 million for the quarter, compared to the consensus estimate of $289.38 million. MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.98%. Equities research analysts expect that MediaAlpha, Inc. will post 0.48 EPS for the current year.

About MediaAlpha

MediaAlpha, Inc, through its subsidiaries, operates an insurance customer acquisition platform in the United States. It optimizes customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance. The company was founded in 2014 and is headquartered in Los Angeles, California.