110,309 Shares in MNTN Inc. $MNTN Acquired by One Way Holdings LLC

One Way Holdings LLC purchased a new position in MNTN Inc. (NYSE:MNTN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 110,309 shares of the company’s stock, valued at approximately $1,122,000.

Other large investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new position in MNTN during the 3rd quarter valued at $26,000. Pacer Advisors Inc. bought a new stake in shares of MNTN during the 1st quarter valued at about $771,000. Zazove Associates LLC increased its position in shares of MNTN by 18.7% during the first quarter. Zazove Associates LLC now owns 150,322 shares of the company’s stock valued at $1,323,000 after buying an additional 23,721 shares during the period. Militia Capital Management LLC purchased a new position in shares of MNTN during the first quarter valued at about $2,362,000. Finally, Renaissance Technologies LLC raised its stake in MNTN by 40.7% in the first quarter. Renaissance Technologies LLC now owns 646,217 shares of the company’s stock worth $5,687,000 after buying an additional 187,028 shares in the last quarter. Institutional investors own 72.90% of the company’s stock.

MNTN Stock Down 0.2%

Shares of NYSE MNTN opened at $9.33 on Monday. The company has a market cap of $577.46 million, a PE ratio of 13.14 and a beta of 1.15. MNTN Inc. has a 52-week low of $7.67 and a 52-week high of $16.91. The firm’s 50-day moving average price is $11.06 and its 200-day moving average price is $10.00.

MNTN (NYSE:MNTN) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.10). The business had revenue of $82.54 million during the quarter, compared to analysts’ expectations of $82.34 million. MNTN had a return on equity of 18.85% and a net margin of 18.00%. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.65) EPS. As a group, equities research analysts anticipate that MNTN Inc. will post 0.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Baroda Ventures Llc sold 275,115 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $12.75, for a total value of $3,507,716.25. Following the completion of the transaction, the insider owned 6,375,543 shares of the company’s stock, valued at $81,288,173.25. This represents a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 335,555 shares of company stock valued at $4,266,038. Corporate insiders own 19.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MNTN. Morgan Stanley set a $16.00 price objective on MNTN in a research report on Monday, August 10th. Citigroup decreased their price objective on MNTN from $17.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Wall Street Zen raised MNTN from a “hold” rating to a “buy” rating in a research report on Monday, September 28th. Weiss Ratings upgraded shares of MNTN from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. Finally, Evercore set a $22.00 price target on shares of MNTN in a research note on Wednesday, August 5th. 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 given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.65.

MNTN Profile

MNTN, Inc is an advertising technology company that provides software for planning, launching, measuring and optimizing connected television (CTV) advertising campaigns. Its platform is designed to help businesses use television advertising with the targeting, automation and performance measurement capabilities commonly associated with digital marketing.

The company’s products support campaign creation, audience targeting, media buying and analytics across streaming television environments.