WINTON GROUP Ltd Buys New Position in Magnite, Inc. $MGNI

Key Points

• WINTON GROUP Ltd. acquired 121,900 Magnite shares worth approximately $2.31 million, giving it about a 0.08% stake. Institutional investors collectively own 73.4% of the company.
• Magnite reported quarterly adjusted EPS of $0.26 versus the $0.24 consensus and revenue of $192.82 million, up 11.3% year over year. Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $28.80.
• Insiders have sold significant amounts of stock, including more than 1.07 million shares worth $22.4 million over the past 90 days, though the transactions were made under pre-arranged Rule 10b5-1 plans. Magnite is also expanding its local-TV advertising partnership with ITN through an agentic-AI solution, a potential long-term growth catalyst.

WINTON GROUP Ltd bought a new stake in shares of Magnite, Inc. (NASDAQ:MGNI - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 121,900 shares of the company's stock, valued at approximately $2,314,000. WINTON GROUP Ltd owned about 0.08% of Magnite at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its stake in shares of Magnite by 20.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,387 shares of the company's stock worth $82,000 after acquiring an additional 577 shares during the last quarter. Allworth Financial LP increased its stake in shares of Magnite by 63.7% in the 2nd quarter. Allworth Financial LP now owns 1,567 shares of the company's stock worth $30,000 after purchasing an additional 610 shares in the last quarter. US Bancorp DE raised its holdings in Magnite by 75.8% in the 3rd quarter. US Bancorp DE now owns 1,596 shares of the company's stock worth $35,000 after purchasing an additional 688 shares during the period. PNC Financial Services Group Inc. lifted its position in Magnite by 45.1% during the third quarter. PNC Financial Services Group Inc. now owns 2,428 shares of the company's stock valued at $53,000 after purchasing an additional 755 shares in the last quarter. Finally, AYAL Capital Advisors Ltd lifted its position in Magnite by 0.5% during the fourth quarter. AYAL Capital Advisors Ltd now owns 200,000 shares of the company's stock valued at $3,246,000 after purchasing an additional 1,000 shares in the last quarter. 73.40% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Michael Barrett sold 293,968 shares of the business's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $22.72, for a total value of $6,678,952.96. Following the transaction, the chief executive officer owned 403,074 shares of the company's stock, valued at approximately $9,157,841.28. The trade was a 42.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katie Evans sold 32,285 shares of the firm's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $23.63, for a total transaction of $762,894.55. Following the transaction, the insider directly owned 466,897 shares of the company's stock, valued at $11,032,776.11. The trade was a 6.47% decrease in their ownership of the stock. 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. Insiders sold a total of 1,070,092 shares of company stock worth $22,407,430 over the last ninety days. 3.20% of the stock is owned by company insiders.

Magnite Trading Up 0.9%

Shares of MGNI stock opened at $23.77 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.02. The stock has a fifty day simple moving average of $22.03 and a two-hundred day simple moving average of $16.83. The firm has a market capitalization of $3.41 billion, a PE ratio of 21.81, a PEG ratio of 1.03 and a beta of 2.30. Magnite, Inc. has a 52-week low of $10.82 and a 52-week high of $26.19.

Magnite (NASDAQ:MGNI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Magnite had a return on equity of 9.33% and a net margin of 22.49%.The business had revenue of $192.82 million for the quarter, compared to the consensus estimate of $179.15 million. During the same period in the previous year, the business earned $0.20 earnings per share. The business's revenue was up 11.3% on a year-over-year basis. On average, analysts predict that Magnite, Inc. will post 0.61 EPS for the current fiscal year.

Key Stories Impacting Magnite

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

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wells Fargo & Company upped their price target on Magnite from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Evercore reaffirmed an "outperform" rating and set a $25.00 price objective on shares of Magnite in a research report on Thursday, August 6th. BTIG Research reiterated a "buy" rating and set a $27.00 price objective on shares of Magnite in a research note on Wednesday. Susquehanna increased their target price on shares of Magnite from $22.00 to $30.00 and gave the stock a "positive" rating in a report on Thursday, August 6th. Finally, B. Riley Financial raised their target price on shares of Magnite from $20.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Magnite currently has a consensus rating of "Moderate Buy" and an average price target of $28.80.

Magnite Company Profile

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.

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