Y Intercept Hong Kong Ltd Sells 28,452 Shares of MediaAlpha, Inc. (NYSE:MAX)

Y Intercept Hong Kong Ltd cut its holdings in MediaAlpha, Inc. (NYSE:MAX) by 72.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,583 shares of the company’s stock after selling 28,452 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in MediaAlpha were worth $119,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Ieq Capital LLC purchased a new position in shares of MediaAlpha in the fourth quarter worth $169,000. TimesSquare Capital Management LLC raised its position in MediaAlpha by 77.7% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,628,815 shares of the company’s stock worth $18,389,000 after buying an additional 712,410 shares during the last quarter. Rhumbline Advisers raised its position in MediaAlpha by 4.3% in the 4th quarter. Rhumbline Advisers now owns 43,431 shares of the company’s stock worth $490,000 after buying an additional 1,782 shares during the last quarter. Stoneridge Investment Partners LLC bought a new position in MediaAlpha during the 4th quarter valued at about $311,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of MediaAlpha by 73.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 21,140 shares of the company’s stock valued at $239,000 after acquiring an additional 8,938 shares during the last quarter. 64.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MAX shares. JPMorgan Chase & Co. dropped their target price on shares of MediaAlpha from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, February 25th. Canaccord Genuity Group dropped their price target on MediaAlpha from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. The Goldman Sachs Group cut their price objective on MediaAlpha from $23.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $20.00 target price on shares of MediaAlpha in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods cut their price target on MediaAlpha from $22.00 to $19.00 and set an “outperform” rating for the company in a research note 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.com, MediaAlpha presently has an average rating of “Moderate Buy” and an average price target of $17.50.

MediaAlpha Stock Up 1.0 %

Shares of MAX opened at $9.01 on Thursday. The business has a 50-day simple moving average of $11.26 and a two-hundred day simple moving average of $14.02. MediaAlpha, Inc. has a 52 week low of $8.65 and a 52 week high of $25.78. The stock has a market cap of $603.61 million, a price-to-earnings ratio of 52.97 and a beta of 1.15.

MediaAlpha (NYSE:MAX) last released 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). MediaAlpha had a negative return on equity of 11.98% and a net margin of 1.41%. The firm had revenue of $300.65 million during the quarter, compared to analysts’ expectations of $289.38 million. On average, equities analysts anticipate 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.