110,663 Shares in MNTN Inc. $MNTN Bought by Fortress Investment Group LLC

Fortress Investment Group LLC bought a new position in MNTN Inc. (NYSE:MNTN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 110,663 shares of the company’s stock, valued at approximately $2,420,000. Fortress Investment Group LLC owned 0.25% of MNTN at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Federated Hermes Inc. bought a new position in shares of MNTN in the second quarter worth about $11,482,000. G2 Investment Partners Management LLC bought a new stake in shares of MNTN in the second quarter valued at approximately $6,996,000. Bank of Montreal Can acquired a new stake in shares of MNTN in the second quarter worth $4,432,000. Balyasny Asset Management L.P. bought a new position in MNTN during the second quarter worth $3,442,000. Finally, HBK Investments L P bought a new stake in MNTN in the 2nd quarter valued at $2,187,000. 72.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MNTN. Citizens Jmp dropped their price objective on shares of MNTN from $33.00 to $23.00 and set a “market outperform” rating on the stock in a report on Wednesday, November 5th. Needham & Company LLC decreased their price objective on MNTN from $35.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Morgan Stanley set a $22.50 price objective on MNTN in a research report on Wednesday, November 5th. JMP Securities set a $23.00 target price on MNTN in a research report on Wednesday, November 5th. Finally, Cowen raised shares of MNTN to a “buy” rating in a report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.50.

MNTN Trading Down 2.1%

Shares of MNTN stock opened at $12.69 on Friday. The company has a fifty day moving average of $14.76. MNTN Inc. has a one year low of $12.28 and a one year high of $32.49.

MNTN (NYSE:MNTN) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The company had revenue of $70.00 million for the quarter, compared to the consensus estimate of $70.11 million. MNTN’s revenue was up 22.6% compared to the same quarter last year.

Insiders Place Their Bets

In other MNTN news, Director Hadi Partovi sold 86,665 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $13.39, for a total transaction of $1,160,444.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 447,520 shares of company stock worth $6,005,775 over the last quarter. 60.30% of the stock is currently owned by corporate insiders.

MNTN Company Profile

MNTN is on a mission to transform Connected TV (“CTV”) into a next-generation performance marketing channel. Our revolutionary Performance TV (“PTV”) software platform allows marketers to combine the powerful storytelling format of TV advertising with the targeting, measurement and attribution capabilities of paid search and social advertising.