Allspring Global Investments Holdings LLC lifted its holdings in MediaAlpha, Inc. (NYSE:MAX – Free Report) by 41.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,049 shares of the company’s stock after purchasing an additional 1,190 shares during the period. Allspring Global Investments Holdings LLC’s holdings in MediaAlpha were worth $42,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. acquired a new position in shares of MediaAlpha during the 1st quarter worth approximately $243,000. Swiss National Bank increased its holdings in MediaAlpha by 10.7% in the first quarter. Swiss National Bank now owns 37,300 shares of the company’s stock valued at $617,000 after buying an additional 3,600 shares during the last quarter. US Bancorp DE grew its holdings in shares of MediaAlpha by 10.4% during the first quarter. US Bancorp DE now owns 20,521 shares of the company’s stock worth $339,000 after purchasing an additional 1,925 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of MediaAlpha by 56.1% during the first quarter. MetLife Investment Management LLC now owns 12,251 shares of the company’s stock worth $203,000 after buying an additional 4,405 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of MediaAlpha by 11.5% during the first quarter. Rhumbline Advisers now owns 21,299 shares of the company’s stock worth $352,000 after buying an additional 2,205 shares during the period. Hedge funds and other institutional investors own 68.18% of the company’s stock.
Analyst Ratings Changes
Separately, Citigroup cut shares of MediaAlpha from a “neutral” rating to a “sell” rating and raised their price objective for the stock from $7.00 to $8.00 in a research note on Friday, August 4th.
MediaAlpha Price Performance
Shares of MAX stock opened at $9.51 on Friday. MediaAlpha, Inc. has a 12 month low of $5.08 and a 12 month high of $17.01. The firm has a market capitalization of $619.01 million, a P/E ratio of -6.47 and a beta of 1.19. The company’s fifty day moving average price is $8.95 and its two-hundred day moving average price is $8.80.
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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