Algert Global LLC Has $2.27 Million Stock Holdings in MediaAlpha, Inc. (NYSE:MAX)

Algert Global LLC boosted its position in shares of MediaAlpha, Inc. (NYSE:MAX) by 917.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 125,271 shares of the company’s stock after purchasing an additional 112,962 shares during the quarter. Algert Global LLC owned 0.19% of MediaAlpha worth $2,269,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of MediaAlpha by 35.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 273,944 shares of the company’s stock worth $4,961,000 after purchasing an additional 71,676 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in MediaAlpha during the 3rd quarter worth $744,000. GSA Capital Partners LLP bought a new position in MediaAlpha during the third quarter worth about $804,000. Los Angeles Capital Management LLC grew its stake in MediaAlpha by 91.9% in the third quarter. Los Angeles Capital Management LLC now owns 55,183 shares of the company’s stock valued at $999,000 after acquiring an additional 26,420 shares during the period. Finally, Robeco Institutional Asset Management B.V. acquired a new position in MediaAlpha in the third quarter valued at about $221,000. Institutional investors own 64.39% of the company’s stock.

Insider Buying and Selling

In related news, insider Eugene Nonko sold 72,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $20.67, for a total transaction of $1,488,240.00. Following the sale, the insider now owns 1,550,990 shares in the company, valued at approximately $32,058,963.30. This represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 11.53% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on MAX. The Goldman Sachs Group raised their price target on MediaAlpha from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods restated an “outperform” rating and set a $26.00 target price (up from $25.00) on shares of MediaAlpha in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.14.

MediaAlpha Price Performance

MAX stock opened at $12.73 on Wednesday. The stock has a market capitalization of $848.58 million, a P/E ratio of 74.88 and a beta of 1.23. MediaAlpha, Inc. has a fifty-two week low of $9.69 and a fifty-two week high of $25.78. The business has a 50-day moving average of $16.38 and a 200-day moving average of $16.29.

MediaAlpha (NYSE:MAX) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. MediaAlpha had a negative return on equity of 11.98% and a net margin of 1.41%. The firm had revenue of $259.13 million during the quarter, compared to the consensus estimate of $246.96 million. Equities analysts expect that MediaAlpha, Inc. will post 0.42 EPS for the current year.

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.