Connor Clark & Lunn Investment Management Ltd. Has $766,000 Holdings in MediaAlpha, Inc. (NYSE:MAX)

Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of MediaAlpha, Inc. (NYSE:MAX - Free Report) by 65.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,832 shares of the company's stock after buying an additional 26,771 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.10% of MediaAlpha worth $766,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MAX. TimesSquare Capital Management LLC raised its position in shares of MediaAlpha by 77.7% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,628,815 shares of the company's stock worth $18,389,000 after buying an additional 712,410 shares during the period. Clearline Capital LP lifted its holdings in MediaAlpha by 115.3% in the 3rd quarter. Clearline Capital LP now owns 1,241,419 shares of the company's stock worth $22,482,000 after buying an additional 664,691 shares in the last quarter. Geode Capital Management LLC boosted its holdings in MediaAlpha by 28.9% in the third quarter. Geode Capital Management LLC now owns 690,574 shares of the company's stock valued at $12,509,000 after purchasing an additional 154,637 shares during the last quarter. State Street Corp grew its position in shares of MediaAlpha by 7.0% during the third quarter. State Street Corp now owns 547,906 shares of the company's stock worth $9,923,000 after buying an additional 35,960 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in MediaAlpha by 18.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 324,497 shares of the company's stock worth $3,664,000 after acquiring an additional 50,553 shares in the last quarter. Institutional investors and hedge funds own 64.39% of the company's stock.

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MediaAlpha Stock Performance

Shares of MAX stock traded up $0.10 on Tuesday, reaching $10.01. 729,430 shares of the company's stock traded hands, compared to its average volume of 620,886. The business's 50 day moving average price is $10.73 and its two-hundred day moving average price is $13.25. The company has a market capitalization of $670.97 million, a P/E ratio of 58.88 and a beta of 1.15. MediaAlpha, Inc. has a 12-month low of $8.21 and a 12-month high of $25.78.

MediaAlpha (NYSE:MAX - Get Free Report) last released 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). MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.98%. The firm had revenue of $300.65 million for the quarter, compared to analyst estimates of $289.38 million. Research analysts predict that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MAX shares. Keefe, Bruyette & Woods dropped their price target on MediaAlpha from $22.00 to $19.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. The Goldman Sachs Group reduced their price objective on MediaAlpha from $23.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday, February 25th. Royal Bank of Canada reiterated an "outperform" rating and issued a $20.00 target price on shares of MediaAlpha in a research report on Tuesday, February 25th. Canaccord Genuity Group lowered their price target on MediaAlpha from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of MediaAlpha from $15.00 to $13.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, MediaAlpha presently has an average rating of "Moderate Buy" and a consensus price target of $17.50.

MediaAlpha 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.