Sei Investments Co. owns $2.36 million in MediaAlpha, Inc. (NYSE:MAX)

Sei Investments Co. increased its holdings in MediaAlpha, Inc. (NYSE:MAX – Free Report) by 45.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 179,202 shares of the company’s stock after purchasing an additional 56,057 shares during the period. Sei Investments Co. holdings. holdings in MediaAlpha were worth $2,360,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have recently made changes to their positions in MAX. Nomura Holdings Inc. bought a new stake in shares of MediaAlpha during the fourth quarter valued at approximately $1,364,000. Los Angeles Capital Management LLC boosted its holdings in shares of MediaAlpha by 125.8% in the first quarter. Los Angeles Capital Management LLC now owns 24,535 shares of the company’s stock worth $500,000 after acquiring an additional 13,670 shares during the period. Norden Group LLC raised its position in shares of MediaAlpha by 1,767.2% in the first quarter. Norden Group LLC now owns 263,592 shares of the company’s stock valued at $5,369,000 after buying an additional 249,475 shares during the last quarter. Hartline Investment Corp bought a new position in shares of MediaAlpha in the first quarter worth about $463,000. Finally, TimesSquare Capital Management LLC acquired a new stake in MediaAlpha in the 1st quarter worth about $22,181,000. 64.39% of shares are currently owned by institutional investors.

The Wall Street analyst weighs in

MAX has been the subject of several recent research reports. Goldman Sachs Group initiated coverage on MediaAlpha in a research report on Tuesday, August 20th. They set a “buy” rating and a $20.00 price objective on the stock. Keefe, Bruyette & Woods restated an “outperform” rating and set a $26.00 target price (up from $25.00) on shares of MediaAlpha in a research report on Thursday, August 1st. Finally, TD Cowen downgraded shares of MediaAlpha from a “buy” rating to a “hold” rating and decreased their price objective for the company from $19.00 to $13.00 in a report from Wednesday, June 26. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.29, according to data from MarketBeat.com.

Get the latest stock report on MediaAlpha

MediaAlpha trading up 2.8%

Shares of NYSE MAX opened at $18.04 on Friday. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -26.53 and a beta of 1.22. MediaAlpha, Inc. has a 12-month low of $7.86 and a 12-month high of $25.78. The stock has a 50 day moving average price of $16.97 and a two hundred day moving average price of $17.34.

MediaAlpha (NYSE:MAX – Get Your Free Report ) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $178.27 million for the quarter, compared to analyst estimates of $151.40 million. In the same quarter last year, the company earned ($0.32) earnings per share. MediaAlpha’s revenue for the quarter was up 110.3% compared to the same quarter last year. On average, sell-side analysts predict that MediaAlpha, Inc. will post 0.35 earnings per share 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 property and casualty, health and life insurance verticals. The company was founded in 2014 and is headquartered in Los Angeles, California.

See Also

Want to see what other hedge funds own MAX? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for MediaAlpha, Inc. (NYSE:MAX – Free Report).

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