CenterBook Partners LP Acquires 99,760 Shares of Magnite, Inc. $MGNI

Posted by George Bondi on Jun 9th, 2026

CenterBook Partners LP lifted its holdings in Magnite, Inc. (NASDAQ:MGNI – Free Report) by 137.1% in the fourth quarter, Holdings Channel reports. The fund owned 172,546 shares of the company’s stock after purchasing an additional 99,760 shares during the quarter. CenterBook Partners LP’s holdings in Magnite were worth $2,800,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Capital Research Global Investors lifted its holdings in shares of Magnite by 85.0% in the 4th quarter. Capital Research Global Investors now owns 12,920,289 shares of the company’s stock valued at $209,696,000 after acquiring an additional 5,937,428 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Magnite in the 4th quarter valued at about $694,000. State of Wyoming lifted its holdings in shares of Magnite by 159.3% in the 4th quarter. State of Wyoming now owns 4,600 shares of the company’s stock valued at $75,000 after acquiring an additional 2,826 shares during the last quarter. 1492 Capital Management LLC lifted its holdings in shares of Magnite by 1.4% in the 4th quarter. 1492 Capital Management LLC now owns 341,398 shares of the company’s stock valued at $5,541,000 after acquiring an additional 4,732 shares during the last quarter. Finally, Florida Financial Advisors LLC bought a new position in shares of Magnite in the 4th quarter valued at about $206,000. Institutional investors own 73.40% of the company’s stock.

Magnite Stock Down 0.3%

Shares of NASDAQ MGNI opened at $14.63 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $2.10 billion, a P/E ratio of 14.07, a PEG ratio of 0.69 and a beta of 2.32. Magnite, Inc. has a 1 year low of $10.82 and a 1 year high of $26.65. The firm has a 50-day simple moving average of $13.16 and a two-hundred day simple moving average of $13.81.

Magnite (NASDAQ:MGNI – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. Magnite had a net margin of 21.96% and a return on equity of 8.40%. The business had revenue of $164.37 million during the quarter, compared to the consensus estimate of $159.24 million. During the same quarter last year, the firm earned $0.12 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts anticipate that Magnite, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling at Magnite

In other news, Director Robert F. Spillane sold 10,000 shares of Magnite stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $13.33, for a total transaction of $133,300.00. Following the completion of the sale, the director owned 43,917 shares of the company’s stock, valued at approximately $585,413.61. The trade was a 18.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Magnite in a report on Thursday, May 28th. Benchmark lowered their price target on shares of Magnite from $31.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Evercore reaffirmed an “outperform” rating and issued a $21.00 price target on shares of Magnite in a report on Thursday, May 7th. Rosenblatt Securities reissued a “buy” rating and issued a $39.00 price objective on shares of Magnite in a research note on Thursday, February 26th. Finally, Weiss Ratings raised shares of Magnite from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Magnite has an average rating of “Moderate Buy” and an average target price of $24.38.

Read Our Latest Stock Report on Magnite

About Magnite

(Free Report)

Magnite, Inc (NASDAQ: MGNI) operates as an independent sell-side advertising platform that enables publishers and digital media owners to monetize their inventory through programmatic advertising. Formed in 2020 through the merger of Rubicon Project and Telaria, Magnite combines technologies for desktop, mobile, connected television (CTV) and digital out-of-home (DOOH) ad exchanges. The company provides an end-to-end solution designed to help media owners optimize yield across open marketplaces, private marketplaces and programmatic guaranteed deals.

At the core of Magnite’s offering is its supply-side platform (SSP), which connects publishers’ ad impressions to demand-side platforms (DSPs) through real-time bidding (RTB).