Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Purchases 8,783 Shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARAGet Rating) by 40.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 30,728 shares of the business services provider’s stock after acquiring an additional 8,783 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Marathon Digital were worth $104,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MARA. Renaissance Technologies LLC grew its position in Marathon Digital by 297.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,636,538 shares of the business services provider’s stock worth $8,739,000 after acquiring an additional 1,224,300 shares during the last quarter. Vanguard Group Inc. grew its position in Marathon Digital by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 10,668,015 shares of the business services provider’s stock worth $114,255,000 after acquiring an additional 978,569 shares during the last quarter. Allianz Asset Management GmbH grew its position in Marathon Digital by 138.1% during the 1st quarter. Allianz Asset Management GmbH now owns 1,161,688 shares of the business services provider’s stock worth $32,470,000 after acquiring an additional 673,764 shares during the last quarter. BlackRock Inc. grew its position in Marathon Digital by 6.0% during the 3rd quarter. BlackRock Inc. now owns 7,785,906 shares of the business services provider’s stock worth $83,387,000 after acquiring an additional 439,850 shares during the last quarter. Finally, LPL Financial LLC grew its position in Marathon Digital by 113.7% during the 2nd quarter. LPL Financial LLC now owns 554,225 shares of the business services provider’s stock worth $2,960,000 after acquiring an additional 294,872 shares during the last quarter. 39.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on MARA shares. Compass Point raised their price target on Marathon Digital from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, April 14th. Chardan Capital reiterated a “buy” rating and issued a $15.00 price objective on shares of Marathon Digital in a research report on Monday, April 3rd. DA Davidson cut their price objective on Marathon Digital from $18.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, January 12th. Finally, B. Riley upgraded Marathon Digital from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $5.00 to $7.00 in a research report on Tuesday, April 25th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $12.00.

Marathon Digital Trading Up 0.5 %

MARA opened at $9.38 on Wednesday. The stock has a market cap of $1.57 billion, a PE ratio of -1.65 and a beta of 4.98. The company has a quick ratio of 10.63, a current ratio of 10.63 and a debt-to-equity ratio of 2.03. The business has a 50 day moving average of $8.51 and a 200-day moving average of $7.61. Marathon Digital Holdings, Inc. has a 52 week low of $3.11 and a 52 week high of $18.88.

Marathon Digital (NASDAQ:MARAGet Rating) last released its earnings results on Thursday, March 16th. The business services provider reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. The company had revenue of $28.42 million during the quarter, compared to analysts’ expectations of $40.47 million. Marathon Digital had a negative return on equity of 23.22% and a negative net margin of 571.35%. Equities research analysts predict that Marathon Digital Holdings, Inc. will post 0.04 earnings per share for the current fiscal year.

Marathon Digital Company Profile

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Marathon Digital Holdings, Inc is a digital asset technology company, which engages in mining cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets. The company was founded on February 23, 2010 and is headquartered in Las Vegas, NV.

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Institutional Ownership by Quarter for Marathon Digital (NASDAQ:MARA)

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