MediaAlpha, Inc. (NYSE:MAX) Stock Position Raised by Fox Run Management L.L.C.

Fox Run Management L.L.C. grew its position in shares of MediaAlpha, Inc. (NYSE:MAX) by 54.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,797 shares of the company’s stock after buying an additional 16,404 shares during the quarter. Fox Run Management L.L.C. owned approximately 0.07% of MediaAlpha worth $528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Quarry LP lifted its stake in MediaAlpha by 157.8% in the third quarter. Quarry LP now owns 2,820 shares of the company’s stock valued at $51,000 after acquiring an additional 1,726 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of MediaAlpha during the 4th quarter valued at $67,000. Ieq Capital LLC acquired a new stake in shares of MediaAlpha in the 4th quarter valued at $169,000. The Manufacturers Life Insurance Company boosted its holdings in MediaAlpha by 11.9% in the third quarter. The Manufacturers Life Insurance Company now owns 11,368 shares of the company’s stock worth $206,000 after purchasing an additional 1,213 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in MediaAlpha by 73.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 21,140 shares of the company’s stock worth $239,000 after buying an additional 8,938 shares during the last quarter. Institutional investors own 64.39% of the company’s stock.

Analysts Set New Price Targets

MAX has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price target on MediaAlpha from $23.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, February 25th. Canaccord Genuity Group cut their price objective on MediaAlpha from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. decreased their target price on MediaAlpha from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods lowered their price target on MediaAlpha from $22.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $20.00 price objective on shares of MediaAlpha in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MediaAlpha presently has an average rating of “Moderate Buy” and an average target price of $17.50.

MediaAlpha Stock Up 1.0 %

Shares of NYSE MAX opened at $10.01 on Wednesday. MediaAlpha, Inc. has a 12 month low of $8.21 and a 12 month high of $25.78. The company has a market cap of $670.97 million, a P/E ratio of 58.88 and a beta of 1.15. The business’s 50 day moving average is $10.71 and its two-hundred day moving average is $13.20.

MediaAlpha (NYSE:MAX) last announced its earnings results 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 company had revenue of $300.65 million for the quarter, compared to the consensus estimate 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 earnings per share for the current fiscal 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.