WINTON GROUP Ltd Makes New $881,000 Investment in MNTN Inc. $MNTN

WINTON GROUP Ltd purchased a new position in shares of MNTN Inc. (NYSE:MNTN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 73,748 shares of the company’s stock, valued at approximately $881,000. WINTON GROUP Ltd owned about 0.17% of MNTN as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in MNTN by 67.8% during the 3rd quarter. Wellington Management Group LLP now owns 5,345,302 shares of the company’s stock worth $99,155,000 after purchasing an additional 2,159,075 shares during the last quarter. Vanguard Group Inc. raised its holdings in MNTN by 787.7% during the 3rd quarter. Vanguard Group Inc. now owns 621,392 shares of the company’s stock worth $11,527,000 after purchasing an additional 551,392 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in MNTN by 187.4% during the 4th quarter. BNP Paribas Financial Markets now owns 470,699 shares of the company’s stock worth $5,620,000 after purchasing an additional 306,924 shares during the last quarter. UBS Group AG raised its holdings in MNTN by 142.1% during the 4th quarter. UBS Group AG now owns 288,267 shares of the company’s stock worth $3,442,000 after purchasing an additional 169,218 shares during the last quarter. Finally, Captrust Financial Advisors bought a new stake in shares of MNTN in the 3rd quarter valued at $5,205,000. Institutional investors own 72.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MNTN shares. Citizens Jmp reduced their price target on shares of MNTN from $23.00 to $19.00 and set a “market outperform” rating for the company in a research report on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating and set a $15.00 target price on shares of MNTN in a research note on Wednesday, May 6th. Evercore set a $27.00 target price on MNTN in a research note on Wednesday, February 11th. Wall Street Zen cut MNTN from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Citigroup lowered their price objective on MNTN from $22.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.68.

MNTN Price Performance

Shares of MNTN opened at $9.00 on Wednesday. The firm has a market cap of $548.78 million and a P/E ratio of -299.83. The stock has a 50 day simple moving average of $9.13 and a two-hundred day simple moving average of $10.30. MNTN Inc. has a 1 year low of $7.67 and a 1 year high of $32.00.

MNTN (NYSE:MNTN) last issued its 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). The firm 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%.The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.41) EPS. On average, equities analysts anticipate that MNTN Inc. will post 0.99 earnings per share for the current year.

MNTN Profile

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.