UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 5,708 Shares of MediaAlpha, Inc. (NYSE:MAX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in MediaAlpha, Inc. (NYSE:MAX) by 8.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,428 shares of the company’s stock after acquiring an additional 5,708 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in MediaAlpha were worth $1,330,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in MediaAlpha by 5.1% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 23,890 shares of the company’s stock worth $315,000 after acquiring an additional 1,150 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of MediaAlpha by 15.8% in the second quarter. Bank of New York Mellon Corp now owns 84,155 shares of the company’s stock worth $1,108,000 after purchasing an additional 11,503 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of MediaAlpha by 354.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,624 shares of the company’s stock worth $114,000 after purchasing an additional 6,728 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in MediaAlpha during the 2nd quarter valued at approximately $225,000. Finally, Rhumbline Advisers boosted its stake in MediaAlpha by 7.3% during the 2nd quarter. Rhumbline Advisers now owns 36,751 shares of the company’s stock valued at $484,000 after purchasing an additional 2,511 shares during the period. 64.39% of the stock is currently owned by institutional investors and hedge funds.

MediaAlpha Trading Up 1.7 %

NYSE MAX opened at $11.55 on Wednesday. MediaAlpha, Inc. has a 1-year low of $10.21 and a 1-year high of $25.78. The stock’s 50 day moving average is $14.56 and its two-hundred day moving average is $15.57. The company has a market capitalization of $769.97 million, a price-to-earnings ratio of 67.94 and a beta of 1.10.

MediaAlpha (NYSE:MAX) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $246.96 million. On average, analysts predict that MediaAlpha, Inc. will post 0.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Keefe, Bruyette & Woods dropped their price target on MediaAlpha from $26.00 to $22.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Royal Bank of Canada dropped their price objective on shares of MediaAlpha from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, December 4th. Finally, The Goldman Sachs Group increased their target price on shares of MediaAlpha from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, November 1st. 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, MediaAlpha presently has a consensus rating of “Moderate Buy” and an average target price of $24.14.

Insider Buying and Selling

In related news, insider Eugene Nonko sold 72,000 shares of the stock in a transaction that occurred on 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 directly owns 1,550,990 shares in the company, valued at $32,058,963.30. This represents a 4.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.53% of the stock is currently owned by corporate insiders.

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.