WINTON GROUP Ltd Invests $881,000 in MNTN Inc. $MNTN

WINTON GROUP Ltd bought a new position in MNTN Inc. (NYSE:MNTN) during the fourth quarter, HoldingsChannel.com reports. The fund bought 73,748 shares of the company’s stock, valued at approximately $881,000.

A number of other institutional investors have also recently modified their holdings of MNTN. Wellington Management Group LLP boosted its position in shares of MNTN by 67.8% during the third quarter. Wellington Management Group LLP now owns 5,345,302 shares of the company’s stock valued at $99,155,000 after buying an additional 2,159,075 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of MNTN by 787.7% during the 3rd quarter. Vanguard Group Inc. now owns 621,392 shares of the company’s stock valued at $11,527,000 after acquiring an additional 551,392 shares during the period. BNP Paribas Financial Markets grew its stake in shares of MNTN by 187.4% during the 4th quarter. BNP Paribas Financial Markets now owns 470,699 shares of the company’s stock valued at $5,620,000 after acquiring an additional 306,924 shares during the period. UBS Group AG grew its stake in shares of MNTN by 142.1% during the 4th quarter. UBS Group AG now owns 288,267 shares of the company’s stock valued at $3,442,000 after acquiring an additional 169,218 shares during the period. Finally, Captrust Financial Advisors bought a new position in shares of MNTN during the 3rd quarter valued at approximately $5,205,000. 72.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MNTN has been the subject of several recent analyst reports. Tigress Financial restated a “strong-buy” rating and issued a $26.00 price target on shares of MNTN in a research note on Wednesday, June 3rd. Citizens Jmp decreased their price objective on MNTN from $23.00 to $19.00 and set a “market outperform” rating on the stock in a report on Wednesday, May 6th. Raymond James Financial restated an “outperform” rating and set a $15.00 price target on shares of MNTN in a report on Wednesday, May 6th. Morgan Stanley dropped their price objective on MNTN from $20.50 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. Finally, Citigroup dropped their price objective on MNTN from $22.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $20.68.

MNTN Price Performance

Shares of MNTN stock opened at $9.00 on Wednesday. The stock’s 50-day moving average is $9.13 and its 200 day moving average is $10.30. MNTN Inc. has a 1-year low of $7.67 and a 1-year high of $32.00. The company has a market cap of $548.78 million and a P/E ratio of -299.83.

MNTN (NYSE:MNTN) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). MNTN had a net margin of 7.84% and a return on equity of 16.44%. The business had revenue of $73.70 million during the quarter, compared to analysts’ expectations of $72.63 million. During the same quarter last year, the business posted ($1.41) earnings per share. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, analysts anticipate that MNTN Inc. will post 0.99 EPS for the current year.

About MNTN

MNTN is a software platform specializing in connected television (CTV) advertising, offering marketers the tools to plan, launch and measure streaming TV campaigns. Its platform enables brands to reach audiences across major OTT and CTV channels, helping advertisers target viewers based on demographic, behavioral and contextual data.

The company’s core product suite includes campaign management, real-time bidding and performance analytics. MNTN integrates with leading streaming services and ad exchanges, allowing clients to execute programmatic buys, track view-through conversions and optimize media spend through automated reporting dashboards.

Founded by experienced digital advertising professionals, MNTN is headquartered in Austin, Texas, and primarily serves brands and agencies across the United States and Canada.