First Horizon Advisors Inc. Has $36,000 Position in MediaAlpha, Inc. (NYSE:MAX)

First Horizon Advisors Inc. lifted its holdings in shares of MediaAlpha, Inc. (NYSE:MAX – Get Rating) by 825.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,174 shares of the company’s stock after buying an additional 3,723 shares during the period. First Horizon Advisors Inc.’s holdings in MediaAlpha were worth $36,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MAX. Nisa Investment Advisors LLC bought a new position in shares of MediaAlpha in the second quarter valued at $28,000. Legal & General Group Plc increased its stake in shares of MediaAlpha by 28.2% during the 2nd quarter. Legal & General Group Plc now owns 7,491 shares of the company’s stock worth $74,000 after purchasing an additional 1,646 shares during the last quarter. Credit Suisse AG bought a new stake in shares of MediaAlpha in the 2nd quarter valued at about $91,000. Precision Wealth Strategies LLC raised its holdings in shares of MediaAlpha by 17.7% in the 3rd quarter. Precision Wealth Strategies LLC now owns 14,569 shares of the company’s stock valued at $159,000 after purchasing an additional 2,189 shares during the period. Finally, Baker Tilly Wealth Management LLC lifted its stake in MediaAlpha by 19.4% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 19,775 shares of the company’s stock valued at $173,000 after purchasing an additional 3,213 shares during the last quarter. 70.10% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of equities analysts have weighed in on MAX shares. BMO Capital Markets started coverage on MediaAlpha in a research report on Thursday, January 19th. They set a “market perform” rating and a $10.00 price target on the stock. JPMorgan Chase & Co. upgraded MediaAlpha from a “neutral” rating to an “overweight” rating and increased their price target for the company from $12.00 to $14.00 in a research note on Tuesday, December 20th. Finally, William Blair reaffirmed an “outperform” rating on shares of MediaAlpha in a research report on Wednesday, October 26th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.80.

MediaAlpha Trading Up 0.3 %

NYSE:MAX opened at $14.03 on Wednesday. The stock has a 50 day simple moving average of $11.44 and a 200 day simple moving average of $10.63. The stock has a market cap of $873.79 million, a P/E ratio of -16.90 and a beta of 1.35. MediaAlpha, Inc. has a 1-year low of $7.59 and a 1-year high of $17.26.

MediaAlpha Profile

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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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