Fiduciary Alliance LLC bought a new stake in shares of MARA Holdings, Inc. (NASDAQ:MARA – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,646 shares of the business services provider’s stock, valued at approximately $397,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC grew its stake in MARA by 27.7% during the 3rd quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock valued at $3,669,000 after acquiring an additional 49,062 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of MARA by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after purchasing an additional 217,106 shares during the last quarter. Mutual of America Capital Management LLC grew its position in shares of MARA by 112.4% in the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock valued at $3,308,000 after purchasing an additional 107,963 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in shares of MARA in the third quarter valued at approximately $640,000. Finally, Weiss Asset Management LP purchased a new position in MARA during the third quarter worth approximately $1,557,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.
MARA Stock Up 1.0 %
Shares of NASDAQ MARA opened at $17.36 on Wednesday. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $21.66 and its two-hundred day moving average is $19.17. MARA Holdings, Inc. has a 52-week low of $13.16 and a 52-week high of $34.09. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 21.97 and a beta of 5.76.
Insider Transactions at MARA
In related news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $544,599.00. Following the sale, the chief executive officer now directly owns 4,155,595 shares of the company’s stock, valued at $82,280,781. This represents a 0.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jay P. Leupp sold 11,200 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $27.06, for a total transaction of $303,072.00. Following the completion of the transaction, the director now directly owns 142,556 shares of the company’s stock, valued at $3,857,565.36. This represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,410 shares of company stock valued at $2,468,329. 0.97% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
MARA has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and upped their target price for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. Piper Sandler started coverage on shares of MARA in a report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price objective for the company. Cantor Fitzgerald started coverage on shares of MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price on the stock. HC Wainwright reissued a “buy” rating and issued a $28.00 price target on shares of MARA in a research note on Wednesday, December 4th. Finally, B. Riley lifted their price target on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.80.
Read Our Latest Report on MARA
About MARA
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.
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