Algert Global LLC Has $2.27 Million Position in MediaAlpha, Inc. (NYSE:MAX)

Algert Global LLC increased its position in MediaAlpha, Inc. (NYSE:MAX - Free Report) by 917.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,271 shares of the company's stock after acquiring an additional 112,962 shares during the period. Algert Global LLC owned approximately 0.19% of MediaAlpha worth $2,269,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of MediaAlpha by 5.1% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 23,890 shares of the company's stock worth $315,000 after acquiring an additional 1,150 shares during the period. Price T Rowe Associates Inc. MD increased its stake in MediaAlpha by 9.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,321 shares of the company's stock valued at $292,000 after buying an additional 1,235 shares during the period. Hsbc Holdings PLC increased its stake in MediaAlpha by 7.1% during the 2nd quarter. Hsbc Holdings PLC now owns 23,791 shares of the company's stock valued at $312,000 after buying an additional 1,582 shares during the period. Rhumbline Advisers increased its stake in MediaAlpha by 7.3% during the 2nd quarter. Rhumbline Advisers now owns 36,751 shares of the company's stock valued at $484,000 after buying an additional 2,511 shares during the period. Finally, Los Angeles Capital Management LLC increased its stake in MediaAlpha by 17.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 28,763 shares of the company's stock valued at $379,000 after buying an additional 4,228 shares during the period. Institutional investors and hedge funds own 64.39% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MAX shares. The Goldman Sachs Group raised their price objective on shares of MediaAlpha from $20.00 to $26.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods restated an "outperform" rating and set a $26.00 price objective (up previously from $25.00) on shares of MediaAlpha in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, MediaAlpha currently has an average rating of "Moderate Buy" and an average price target of $25.14.

MediaAlpha Stock Performance

MAX stock opened at $12.73 on Wednesday. The stock has a market cap of $848.58 million, a P/E ratio of 74.88 and a beta of 1.23. The firm has a 50 day simple moving average of $16.38 and a 200 day simple moving average of $16.29. MediaAlpha, Inc. has a 52 week low of $9.69 and a 52 week high of $25.78.

MediaAlpha (NYSE:MAX - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. The firm had revenue of $259.13 million for the quarter, compared to analyst estimates of $246.96 million. MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.98%. Sell-side analysts predict that MediaAlpha, Inc. will post 0.42 EPS for the current year.

Insider Activity

In other news, insider Eugene Nonko sold 72,000 shares of MediaAlpha stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $20.67, for a total value of $1,488,240.00. Following the transaction, the insider now owns 1,550,990 shares of the company's stock, valued at $32,058,963.30. This trade represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 11.53% of the company's stock.

MediaAlpha Company Profile

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.