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Mackenzie Financial Corp Buys 46,996 Shares of MediaAlpha, Inc. (NYSE:MAX)

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Mackenzie Financial Corp increased its position in shares of MediaAlpha, Inc. (NYSE:MAX - Free Report) by 354.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,259 shares of the company's stock after acquiring an additional 46,996 shares during the period. Mackenzie Financial Corp owned approximately 0.09% of MediaAlpha worth $680,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MAX. TimesSquare Capital Management LLC grew its holdings 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 acquiring an additional 712,410 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in MediaAlpha by 2,683.2% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 476,342 shares of the company's stock valued at $5,378,000 after acquiring an additional 459,227 shares during the period. AQR Capital Management LLC lifted its position in MediaAlpha by 570.7% during the 4th quarter. AQR Capital Management LLC now owns 472,215 shares of the company's stock valued at $5,331,000 after acquiring an additional 401,807 shares during the period. CenterBook Partners LP increased its stake in MediaAlpha by 485.7% during the 4th quarter. CenterBook Partners LP now owns 471,864 shares of the company's stock valued at $5,327,000 after purchasing an additional 391,298 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of MediaAlpha by 91.0% in the fourth quarter. Millennium Management LLC now owns 781,349 shares of the company's stock worth $8,821,000 after acquiring an additional 372,305 shares during the period. Hedge funds and other institutional investors own 64.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Royal Bank of Canada dropped their price target 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. Keefe, Bruyette & Woods dropped their target price on shares of MediaAlpha from $19.00 to $16.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group decreased their price objective on shares of MediaAlpha from $14.00 to $12.50 and set a "buy" rating for the company in a research report on Monday, April 14th. Canaccord Genuity Group reduced their price target on shares of MediaAlpha from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Finally, BMO Capital Markets lowered their target price on shares of MediaAlpha from $27.00 to $23.00 and set an "outperform" rating on the stock in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.21.

Check Out Our Latest Research Report on MAX

MediaAlpha Stock Down 0.0%

Shares of NYSE MAX traded down $0.00 during midday trading on Thursday, hitting $10.42. The stock had a trading volume of 222,624 shares, compared to its average volume of 620,048. The company has a market capitalization of $698.18 million, a price-to-earnings ratio of 61.27 and a beta of 1.19. MediaAlpha, Inc. has a 1-year low of $7.33 and a 1-year high of $20.91. The company has a fifty day moving average price of $9.17 and a 200 day moving average price of $10.40.

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

MediaAlpha Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MediaAlpha (NYSE:MAX)

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