MARA Holdings, Inc. (NASDAQ:MARA) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 51.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 433,455 shares of the business services provider’s stock after selling 461,194 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in MARA were worth $7,031,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MARA. Financial Advocates Investment Management raised its holdings in MARA by 5.2% during the third quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock worth $230,000 after purchasing an additional 700 shares in the last quarter. Ranch Capital Advisors Inc. lifted its position in shares of MARA by 6.1% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock worth $269,000 after buying an additional 780 shares during the last quarter. Larson Financial Group LLC raised its stake in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after acquiring an additional 1,062 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in MARA by 6.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock worth $306,000 after acquiring an additional 1,170 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,273 shares during the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Insider Activity at MARA

In related news, CEO Frederick G. Thiel sold 27,512 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the sale, the chief executive officer now directly owns 4,278,309 shares of the company’s stock, valued at approximately $67,169,451.30. This represents a 0.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $15.70, for a total transaction of $262,190.00. Following the completion of the sale, the chief financial officer now owns 2,103,347 shares in the company, valued at $33,022,547.90. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 153,622 shares of company stock worth $2,906,197 over the last three months. 0.97% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Macquarie upped their target price on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. Cantor Fitzgerald assumed coverage on shares of MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price on the stock. Finally, Barclays started coverage on shares of MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $23.33.

MARA Stock Down 9.8 %

MARA stock opened at $23.85 on Tuesday. The stock has a market capitalization of $7.68 billion, a PE ratio of 30.19 and a beta of 5.63. MARA Holdings, Inc. has a one year low of $13.16 and a one year high of $34.09. The company has a fifty day moving average of $20.16 and a 200-day moving average of $19.20. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA) last released its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the previous year, the firm posted ($0.05) EPS. The business’s revenue for the quarter was up 34.4% on a year-over-year basis. As a group, analysts expect that MARA Holdings, Inc. will post -1.02 EPS for the current year.

MARA Company Profile

MARA Holdings, Inc operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Digital Holdings, Inc and changed its name to MARA Holdings, Inc in August 2024. MARA Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.