Corient Private Wealth LLC Acquires New Holdings in MNTN Inc. $MNTN

Corient Private Wealth LLC purchased a new position in shares of MNTN Inc. (NYSE:MNTN) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 70,024 shares of the company’s stock, valued at approximately $836,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MNTN. Teachers Retirement System of The State of Kentucky acquired a new stake in MNTN in the third quarter valued at approximately $1,170,000. Pier Capital LLC purchased a new stake in shares of MNTN in the 3rd quarter valued at approximately $4,211,000. UBS Group AG increased its position in shares of MNTN by 142.1% in the 4th quarter. UBS Group AG now owns 288,267 shares of the company’s stock valued at $3,442,000 after purchasing an additional 169,218 shares during the last quarter. Manchester Financial Inc. acquired a new stake in shares of MNTN in the 4th quarter valued at $2,388,000. Finally, WINTON GROUP Ltd acquired a new position in shares of MNTN during the 4th quarter worth about $881,000. Hedge funds and other institutional investors own 72.90% of the company’s stock.

MNTN Stock Down 0.0%

Shares of MNTN stock opened at $11.15 on Friday. The stock has a market cap of $680.14 million, a P/E ratio of -371.60 and a beta of 0.81. MNTN Inc. has a fifty-two week low of $7.67 and a fifty-two week high of $32.00. The business has a fifty day simple moving average of $9.05 and a 200-day simple moving average of $9.78.

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

Analyst Ratings Changes

A number of research analysts have recently commented on MNTN shares. 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 report on Wednesday, May 6th. Raymond James Financial reaffirmed an “outperform” rating and issued a $15.00 price target on shares of MNTN in a report on Wednesday, May 6th. Tigress Financial reiterated a “strong-buy” rating and issued a $26.00 price target on shares of MNTN in a research note on Wednesday, June 3rd. Canaccord Genuity Group decreased their price objective on shares of MNTN from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Finally, Wall Street Zen raised MNTN from a “buy” rating to a “strong-buy” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, MNTN has an average rating of “Moderate Buy” and a consensus price target 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.