AQR Capital Management LLC Has $5.33 Million Holdings in MediaAlpha, Inc. (NYSE:MAX)

AQR Capital Management LLC lifted its holdings in shares of MediaAlpha, Inc. (NYSE:MAX - Free Report) by 570.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 472,215 shares of the company's stock after acquiring an additional 401,807 shares during the period. AQR Capital Management LLC owned approximately 0.71% of MediaAlpha worth $5,331,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MAX. Hillsdale Investment Management Inc. lifted its holdings in MediaAlpha by 0.4% in the fourth quarter. Hillsdale Investment Management Inc. now owns 208,900 shares of the company's stock valued at $2,358,000 after acquiring an additional 800 shares during the period. Covestor Ltd grew its holdings in shares of MediaAlpha by 44.1% during the 4th quarter. Covestor Ltd now owns 2,766 shares of the company's stock worth $31,000 after purchasing an additional 847 shares during the period. Earnest Partners LLC grew its holdings in shares of MediaAlpha by 0.4% during the 4th quarter. Earnest Partners LLC now owns 241,559 shares of the company's stock worth $2,727,000 after purchasing an additional 1,021 shares during the period. Rhumbline Advisers grew its holdings in shares of MediaAlpha by 4.3% during the 4th quarter. Rhumbline Advisers now owns 43,431 shares of the company's stock worth $490,000 after purchasing an additional 1,782 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of MediaAlpha by 14.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,236 shares of the company's stock worth $229,000 after purchasing an additional 2,492 shares during the period. Hedge funds and other institutional investors own 64.39% of the company's stock.

MediaAlpha Trading Down 0.6%

MediaAlpha stock traded down $0.07 during mid-day trading on Wednesday, reaching $10.30. The company's stock had a trading volume of 96,948 shares, compared to its average volume of 638,438. The firm has a market cap of $690.07 million, a price-to-earnings ratio of 60.56 and a beta of 1.12. MediaAlpha, Inc. has a twelve month low of $7.33 and a twelve month high of $20.91. The business has a 50 day moving average price of $8.87 and a 200-day moving average price of $10.85.

MediaAlpha (NYSE:MAX - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02). The firm had revenue of $264.31 million during the quarter, compared to analyst estimates of $236.07 million. MediaAlpha had a negative return on equity of 11.98% and a net margin of 1.41%. The company's quarterly revenue was up 108.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.02) EPS. On average, equities analysts expect that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MAX has been the topic of several research reports. The Goldman Sachs Group decreased their target price on MediaAlpha from $14.00 to $12.50 and set a "buy" rating on the stock in a research note on Monday, April 14th. BMO Capital Markets reduced their price target on MediaAlpha from $27.00 to $23.00 and set an "outperform" rating for the company in a report on Thursday, April 3rd. JPMorgan Chase & Co. boosted their target price on shares of MediaAlpha from $10.00 to $12.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Canaccord Genuity Group dropped their price objective on shares of MediaAlpha from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Finally, Royal Bank of Canada dropped their target price on shares of MediaAlpha from $20.00 to $18.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $17.21.

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.