110,309 Shares of MNTN Inc. $MNTN Bought by One Way Holdings LLC

One Way Holdings LLC acquired a new position in MNTN Inc. (NYSE:MNTN) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 110,309 shares of the company’s stock, valued at approximately $1,122,000. One Way Holdings LLC owned about 0.18% of MNTN at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MNTN. State of Alaska Department of Revenue bought a new stake in shares of MNTN during the 3rd quarter worth $26,000. Pacer Advisors Inc. purchased a new stake in MNTN during the first quarter valued at about $771,000. Zazove Associates LLC raised its position in 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 purchasing an additional 23,721 shares in the last quarter. Militia Capital Management LLC bought a new stake in MNTN during the first quarter worth about $2,362,000. Finally, Renaissance Technologies LLC lifted its stake in MNTN by 40.7% during the first quarter. Renaissance Technologies LLC now owns 646,217 shares of the company’s stock worth $5,687,000 after purchasing an additional 187,028 shares during the last quarter. Hedge funds and other institutional investors own 72.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Morgan Stanley set a $16.00 price objective on MNTN in a report on Monday, August 10th. Wall Street Zen raised MNTN from a “hold” rating to a “buy” rating in a research note on Monday, September 28th. Weiss Ratings upgraded shares of MNTN from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 19th. Evercore set a $22.00 price target on shares of MNTN in a research note on Wednesday, August 5th. Finally, Tigress Financial lowered their price objective on shares of MNTN from $26.00 to $22.00 and set a “strong-buy” rating for the company in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.65.

MNTN Price Performance

MNTN opened at $9.33 on Monday. The stock’s 50 day simple moving average is $11.06 and its 200 day simple moving average is $10.00. The firm has a market cap of $577.46 million, a price-to-earnings ratio of 13.14 and a beta of 1.15. MNTN Inc. has a 1 year low of $7.67 and a 1 year high of $16.91.

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

Insider Transactions at MNTN

In other MNTN news, major shareholder Baroda Ventures Llc sold 275,115 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $12.75, for a total value of $3,507,716.25. Following the transaction, the insider owned 6,375,543 shares in the company, valued at approximately $81,288,173.25. The trade was a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 335,555 shares of company stock valued at $4,266,038. 19.60% of the stock is owned by company insiders.

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.