MediaAlpha, Inc. (NYSE:MAX) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership decreased its position in MediaAlpha, Inc. (NYSE:MAX) by 12.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 762,575 shares of the company’s stock after selling 107,211 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in MediaAlpha were worth $8,609,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Quarry LP boosted its holdings in MediaAlpha by 157.8% during the third quarter. Quarry LP now owns 2,820 shares of the company’s stock worth $51,000 after buying an additional 1,726 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of MediaAlpha during the 4th quarter worth $67,000. Ieq Capital LLC bought a new stake in shares of MediaAlpha during the 4th quarter worth $169,000. The Manufacturers Life Insurance Company grew its holdings in shares of MediaAlpha by 11.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,368 shares of the company’s stock worth $206,000 after acquiring an additional 1,213 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of 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 purchasing an additional 8,938 shares during the period. Institutional investors own 64.39% of the company’s stock.

MediaAlpha Trading Down 4.5 %

NYSE MAX opened at $8.03 on Monday. MediaAlpha, Inc. has a 1-year low of $7.76 and a 1-year high of $25.78. The firm’s fifty day simple moving average is $10.40 and its 200-day simple moving average is $12.74. The company has a market capitalization of $537.92 million, a PE ratio of 47.21 and a beta of 1.11.

MediaAlpha (NYSE:MAX) last issued its earnings results on Monday, February 24th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.16). The firm had revenue of $300.65 million during 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%. As a group, analysts predict that MediaAlpha, Inc. will post 0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MAX shares. Royal Bank of Canada reissued an “outperform” rating and issued a $20.00 price target on shares of MediaAlpha in a research note on Tuesday, February 25th. The Goldman Sachs Group dropped 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. Keefe, Bruyette & Woods lowered their price objective on shares of MediaAlpha from $22.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. Finally, BMO Capital Markets reduced their target price on MediaAlpha from $27.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $18.29.

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.