Clearline Capital LP Has $13.41 Million Stock Holdings in MediaAlpha, Inc. (NYSE:MAX)

Clearline Capital LP cut its position in MediaAlpha, Inc. (NYSE:MAX - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,188,161 shares of the company's stock after selling 53,258 shares during the period. MediaAlpha accounts for 1.8% of Clearline Capital LP's investment portfolio, making the stock its 16th largest holding. Clearline Capital LP owned approximately 1.78% of MediaAlpha worth $13,414,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MAX. Barclays PLC increased its holdings in shares of MediaAlpha by 423.2% in the third quarter. Barclays PLC now owns 66,525 shares of the company's stock valued at $1,204,000 after purchasing an additional 53,809 shares during the period. JPMorgan Chase & Co. increased its stake in shares of MediaAlpha by 655.8% during the third quarter. JPMorgan Chase & Co. now owns 80,071 shares of the company's stock worth $1,450,000 after acquiring an additional 69,477 shares during the period. Rhumbline Advisers increased its stake in shares of MediaAlpha by 4.3% during the fourth quarter. Rhumbline Advisers now owns 43,431 shares of the company's stock worth $490,000 after acquiring an additional 1,782 shares during the period. Franklin Resources Inc. increased its stake in shares of MediaAlpha by 100.1% during the third quarter. Franklin Resources Inc. now owns 128,604 shares of the company's stock worth $2,432,000 after acquiring an additional 64,331 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of MediaAlpha by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 3,623,344 shares of the company's stock worth $40,908,000 after acquiring an additional 169,654 shares during the period. 64.39% of the stock is owned by hedge funds and other institutional investors.

MediaAlpha Stock Performance

Shares of NYSE MAX traded up $0.07 during midday trading on Tuesday, hitting $10.42. The company's stock had a trading volume of 152,504 shares, compared to its average volume of 638,431. MediaAlpha, Inc. has a 1-year low of $7.33 and a 1-year high of $20.91. The firm's fifty day moving average price is $8.84 and its 200-day moving average price is $10.85. The firm has a market cap of $698.45 million, a P/E ratio of 61.29 and a beta of 1.12.

MediaAlpha (NYSE:MAX - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02). The firm had revenue of $264.31 million for the quarter, compared to analyst estimates of $236.07 million. MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.98%. The company's revenue for the quarter was up 108.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) earnings per share. As a group, research analysts predict that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their target price on MediaAlpha from $10.00 to $12.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Royal Bank of Canada lowered their target price on shares of MediaAlpha from $20.00 to $18.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Keefe, Bruyette & Woods decreased their target price on MediaAlpha from $19.00 to $16.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. 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 report on Monday, April 14th. Finally, BMO Capital Markets decreased their target price on MediaAlpha from $27.00 to $23.00 and set an "outperform" rating on the stock in a research report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.21.

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.