Segall Bryant & Hamill LLC Acquires New Position in MediaAlpha, Inc. (NYSE:MAX)

Segall Bryant & Hamill LLC bought a new position in MediaAlpha, Inc. (NYSE:MAX) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 73,172 shares of the company’s stock, valued at approximately $826,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in shares of 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. Barclays PLC increased its stake in shares of MediaAlpha by 423.2% in the 3rd quarter. Barclays PLC now owns 66,525 shares of the company’s stock worth $1,204,000 after acquiring an additional 53,809 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of MediaAlpha by 655.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 80,071 shares of the company’s stock worth $1,450,000 after acquiring an additional 69,477 shares during the period. PDT Partners LLC acquired a new position in shares of MediaAlpha during the 3rd quarter valued at about $1,237,000. Finally, Rhumbline Advisers boosted its position in shares of MediaAlpha by 4.3% during the 4th quarter. Rhumbline Advisers now owns 43,431 shares of the company’s stock valued at $490,000 after acquiring an additional 1,782 shares during the last quarter. 64.39% of the stock is currently owned by institutional investors and hedge funds.

MediaAlpha Stock Down 8.0 %

NYSE:MAX opened at $9.35 on Friday. MediaAlpha, Inc. has a 52 week low of $8.21 and a 52 week high of $25.78. The stock’s fifty day moving average is $10.62 and its two-hundred day moving average is $13.10. The stock has a market capitalization of $626.46 million, a price-to-earnings ratio of 54.98 and a beta of 1.15.

MediaAlpha (NYSE:MAX) last posted its 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%. On average, sell-side analysts expect that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.