Robeco Institutional Asset Management B.V. Buys 8,938 Shares of MediaAlpha, Inc. (NYSE:MAX)

Robeco Institutional Asset Management B.V. lifted its stake in shares of MediaAlpha, Inc. (NYSE:MAX) by 73.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,140 shares of the company’s stock after acquiring an additional 8,938 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in MediaAlpha were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Squarepoint Ops LLC boosted its stake in shares of MediaAlpha by 373.2% in the 2nd quarter. Squarepoint Ops LLC now owns 50,339 shares of the company’s stock valued at $663,000 after purchasing an additional 39,702 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of MediaAlpha in the 2nd quarter valued at about $206,000. The Manufacturers Life Insurance Company acquired a new position in shares of MediaAlpha in the 2nd quarter valued at about $134,000. Algert Global LLC acquired a new position in shares of MediaAlpha in the 2nd quarter valued at about $162,000. Finally, SG Americas Securities LLC bought a new stake in MediaAlpha in the third quarter worth approximately $396,000. Institutional investors and hedge funds own 64.39% of the company’s stock.

MediaAlpha Stock Up 5.1 %

NYSE MAX opened at $11.75 on Wednesday. MediaAlpha, Inc. has a 52 week low of $10.21 and a 52 week high of $25.78. The stock’s 50-day moving average price is $11.35 and its 200-day moving average price is $14.65. The company has a market capitalization of $783.39 million, a P/E ratio of 69.13 and a beta of 1.12.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of MediaAlpha from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods decreased their target price on MediaAlpha from $26.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Royal Bank of Canada reduced their price objective on MediaAlpha from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. cut their target price on MediaAlpha from $25.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.57.

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.