Teachers Retirement System of The State of Kentucky Has $1.28 Million Stock Holdings in MNTN Inc. $MNTN

Teachers Retirement System of The State of Kentucky increased its holdings in shares of MNTN Inc. (NYSE:MNTN) by 95.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 145,491 shares of the company’s stock after acquiring an additional 71,114 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.20% of MNTN worth $1,280,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MNTN. Aster Capital Management DIFC Ltd bought a new position in MNTN during the fourth quarter worth about $43,000. Los Angeles Capital Management LLC acquired a new position in shares of MNTN in the 4th quarter worth approximately $53,000. JPMorgan Chase & Co. bought a new position in shares of MNTN during the 3rd quarter worth approximately $86,000. Cary Street Partners Financial LLC lifted its position in shares of MNTN by 29.5% during the 4th quarter. Cary Street Partners Financial LLC now owns 20,385 shares of the company’s stock worth $243,000 after buying an additional 4,640 shares during the period. Finally, Royal Bank of Canada boosted its stake in MNTN by 2,093.6% in the 4th quarter. Royal Bank of Canada now owns 5,857 shares of the company’s stock valued at $70,000 after buying an additional 5,590 shares in the last quarter. Institutional investors own 72.90% of the company’s stock.

MNTN Stock Performance

Shares of NYSE:MNTN opened at $10.15 on Thursday. MNTN Inc. has a twelve month low of $7.67 and a twelve month high of $32.00. The firm has a market cap of $619.19 million, a PE ratio of -338.30 and a beta of 0.81. The business has a fifty day moving average of $9.18 and a 200-day moving average of $9.71.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wall Street Zen lowered MNTN from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Tigress Financial reiterated a “strong-buy” rating and set a $26.00 target price on shares of MNTN in a research report on Wednesday, June 3rd. Raymond James Financial restated an “outperform” rating and issued a $15.00 price target on shares of MNTN in a research report on Wednesday, May 6th. Citizens Jmp decreased their price objective on shares of MNTN from $23.00 to $19.00 and set a “market outperform” rating on the stock in a research note on Wednesday, May 6th. Finally, Weiss Ratings raised shares of MNTN from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, MNTN has a consensus rating of “Moderate Buy” and an average target price of $19.85.

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.