MediaAlpha, Inc. (NYSE:MAX) Shares Bought by CenterBook Partners LP

CenterBook Partners LP increased its stake in shares of MediaAlpha, Inc. (NYSE:MAX - Free Report) by 485.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 471,864 shares of the company's stock after purchasing an additional 391,298 shares during the period. CenterBook Partners LP owned approximately 0.71% of MediaAlpha worth $5,327,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MAX. Charles Schwab Investment Management Inc. increased its holdings in MediaAlpha by 35.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 273,944 shares of the company's stock valued at $4,961,000 after buying an additional 71,676 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in MediaAlpha by 11.9% in 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 during the last quarter. Point72 Asset Management L.P. raised its stake in shares of MediaAlpha by 233.1% during the third quarter. Point72 Asset Management L.P. now owns 34,407 shares of the company's stock worth $623,000 after purchasing an additional 24,077 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of MediaAlpha by 157.8% in the 3rd quarter. Quarry LP now owns 2,820 shares of the company's stock worth $51,000 after acquiring an additional 1,726 shares during the period. 64.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on MAX. Keefe, Bruyette & Woods reduced their target price on MediaAlpha from $22.00 to $19.00 and set an "outperform" rating for the company in a report on Tuesday, February 25th. Royal Bank of Canada reissued an "outperform" rating and set a $20.00 price objective on shares of MediaAlpha in a report on Tuesday, February 25th. The Goldman Sachs Group lowered their target price on shares of MediaAlpha from $23.00 to $14.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. Canaccord Genuity Group reduced their price target on shares of MediaAlpha from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Finally, BMO Capital Markets lowered their price target on MediaAlpha from $27.00 to $23.00 and set an "outperform" rating on the stock in a report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $18.29.

MediaAlpha Price Performance

Shares of NYSE MAX traded up $0.03 on Monday, hitting $7.53. The company's stock had a trading volume of 136,610 shares, compared to its average volume of 648,005. The stock has a 50 day moving average of $9.89 and a 200-day moving average of $12.28. MediaAlpha, Inc. has a 12-month low of $7.33 and a 12-month high of $25.78. The company has a market capitalization of $504.74 million, a price-to-earnings ratio of 44.29 and a beta of 1.11.

MediaAlpha (NYSE:MAX - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.16). The firm had revenue of $300.65 million for the quarter, compared to analyst estimates of $289.38 million. MediaAlpha had a negative return on equity of 11.98% and a net margin of 1.41%. Sell-side analysts expect that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.

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.