Fox Run Management L.L.C. Acquires 16,404 Shares of MediaAlpha, Inc. (NYSE:MAX)

Fox Run Management L.L.C. raised its stake in shares of MediaAlpha, Inc. (NYSE:MAX) by 54.0% during the fourth quarter, Holdings Channel reports. The firm owned 46,797 shares of the company’s stock after buying an additional 16,404 shares during the period. Fox Run Management L.L.C.’s holdings in MediaAlpha were worth $528,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MAX. Hillsdale Investment Management Inc. boosted its stake in MediaAlpha by 0.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 208,900 shares of the company’s stock valued at $2,358,000 after buying an additional 800 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of MediaAlpha by 11.9% during the third quarter. The Manufacturers Life Insurance Company now owns 11,368 shares of the company’s stock valued at $206,000 after acquiring an additional 1,213 shares during the period. Quarry LP lifted its holdings in shares of MediaAlpha by 157.8% during 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 period. Rhumbline Advisers boosted its stake in shares of MediaAlpha by 4.3% in the 4th quarter. Rhumbline Advisers now owns 43,431 shares of the company’s stock valued at $490,000 after purchasing an additional 1,782 shares in the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of MediaAlpha by 28.8% in the 3rd quarter. MetLife Investment Management LLC now owns 17,446 shares of the company’s stock worth $316,000 after purchasing an additional 3,906 shares during the last quarter. 64.39% of the stock is currently owned by institutional investors.

MediaAlpha Price Performance

MAX opened at $10.01 on Wednesday. The stock has a market capitalization of $670.97 million, a P/E ratio of 58.88 and a beta of 1.15. The company’s 50 day simple moving average is $10.71 and its 200-day simple moving average is $13.20. MediaAlpha, Inc. has a one year low of $8.21 and a one year high of $25.78.

MediaAlpha (NYSE:MAX) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.16). The firm had revenue of $300.65 million during the quarter, compared to the consensus estimate of $289.38 million. MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.98%. As a group, analysts anticipate that MediaAlpha, Inc. will post 0.48 EPS for the current year.

Analyst Upgrades and Downgrades

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