WINTON GROUP Ltd Purchases Shares of 121,900 Magnite, Inc. $MGNI

WINTON GROUP Ltd acquired a new position in Magnite, Inc. (NASDAQ:MGNI) during the second quarter, HoldingsChannel reports. The institutional investor acquired 121,900 shares of the company’s stock, valued at approximately $2,314,000.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new position in shares of Magnite during the 2nd quarter valued at approximately $241,296,000. Capital Research Global Investors increased its position in Magnite by 85.0% in the fourth quarter. Capital Research Global Investors now owns 12,920,289 shares of the company’s stock worth $209,696,000 after purchasing an additional 5,937,428 shares during the last quarter. Wellington Management Group LLP raised its stake in Magnite by 67.7% during the fourth quarter. Wellington Management Group LLP now owns 8,629,238 shares of the company’s stock valued at $140,053,000 after purchasing an additional 3,484,689 shares in the last quarter. California State Teachers Retirement System raised its stake in Magnite by 1,749.8% during the second quarter. California State Teachers Retirement System now owns 3,265,452 shares of the company’s stock valued at $61,978,000 after purchasing an additional 3,088,924 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Magnite during the second quarter valued at $56,847,000. 73.40% of the stock is owned by hedge funds and other institutional investors.

Magnite Price Performance

Magnite stock opened at $23.77 on Friday. Magnite, Inc. has a 12-month low of $10.82 and a 12-month high of $26.19. The company has a current ratio of 1.02, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $22.03 and a 200-day moving average price of $16.83. The firm has a market capitalization of $3.41 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 1.03 and a beta of 2.30.

Magnite (NASDAQ:MGNI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $192.82 million for the quarter, compared to analyst estimates of $179.15 million. Magnite had a net margin of 22.49% and a return on equity of 9.33%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 EPS. As a group, equities research analysts forecast that Magnite, Inc. will post 0.61 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Susquehanna lifted their price objective on shares of Magnite from $22.00 to $30.00 and gave the stock a “positive” rating in a research note on Thursday, August 6th. Wells Fargo & Company upped their target price on shares of Magnite from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Magnite in a research report on Friday, August 7th. Benchmark boosted their price objective on Magnite from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, BTIG Research restated a “buy” rating and set a $27.00 price objective on shares of Magnite in a research report on Wednesday. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $28.80.

Key Magnite News

Here are the key news stories impacting Magnite this week:

• Positive Sentiment: Magnite and ITN expanded their partnership to introduce an agentic-AI solution through Magnite Orchestration for local linear television advertising. The platform is designed to reduce local TV campaign-buying timelines from weeks to hours, potentially increasing advertiser adoption, transaction volumes and Magnite’s role in programmatic TV. Magnite and ITN Expand Partnership to Introduce Agentic AI Solution for Local Linear TV
• Positive Sentiment: The ITN announcement strengthens Magnite’s connected-TV and local-TV growth narrative by adding automation and artificial intelligence to its advertising infrastructure. Investors may view the initiative as a potential long-term catalyst, although the company has not disclosed an immediate financial impact.
• Neutral Sentiment: Magnite’s latest reported quarter showed adjusted earnings of $0.26 per share versus the $0.24 consensus estimate and revenue of $192.82 million versus expectations of $179.15 million. Revenue grew 11.3% year over year, providing fundamental support for the stock, though these results were released before the current news window.
• Neutral Sentiment: Recent analyst commentary remains generally favorable, with BTIG maintaining a Buy rating and a $27 price target and Needham assigning a $30 target. The consensus target of $28.80 suggests analysts see additional upside, but these views are not new earnings guidance.
• Negative Sentiment: Magnite insiders sold a combined 102,382 shares for approximately $2.41 million across September 8–11. The sales included 40,000 shares from Aaron Saltz, 5,000 from director Paul Caine and multiple transactions totaling 57,382 shares from Katie Evans. Each transaction was executed under a pre-arranged Rule 10b5-1 plan, reducing the strength of the bearish signal, but the volume of selling could weigh on investor confidence. SEC insider transaction filing

Insider Transactions at Magnite

In related news, insider Aaron Saltz sold 40,000 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $23.41, for a total transaction of $936,400.00. Following the completion of the transaction, the insider owned 224,389 shares in the company, valued at $5,252,946.49. The trade was a 15.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul Caine sold 5,000 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $23.53, for a total value of $117,650.00. Following the completion of the transaction, the director directly owned 144,901 shares in the company, valued at $3,409,520.53. This trade represents a 3.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,070,092 shares of company stock valued at $22,407,430. Company insiders own 3.20% of the company’s stock.

About Magnite

Magnite, Inc is an independent sell-side advertising technology company that operates a global platform for digital media owners and app developers. Its technology helps publishers and media companies manage, package, sell and optimize advertising inventory across connected television (CTV), online video, mobile, desktop, audio and digital out-of-home channels.

Magnite’s platform connects publishers with agencies, brands and demand-side platforms, supporting automated, data-driven programmatic advertising transactions.