State of New Jersey Common Pension Fund D Boosts Stake in MARA Holdings, Inc. (NASDAQ:MARA)

State of New Jersey Common Pension Fund D increased its position in MARA Holdings, Inc. (NASDAQ:MARA) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 111,819 shares of the business services provider’s stock after purchasing an additional 4,945 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in MARA were worth $1,875,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Game Plan Financial Advisors LLC purchased a new position in MARA during the fourth quarter valued at $61,000. Beacon Capital Management LLC bought a new position in shares of MARA in the 4th quarter worth about $26,000. Rhumbline Advisers lifted its position in MARA by 6.6% during the 4th quarter. Rhumbline Advisers now owns 834,057 shares of the business services provider’s stock valued at $13,987,000 after acquiring an additional 51,643 shares during the period. Blue Trust Inc. boosted its stake in MARA by 415.6% during the fourth quarter. Blue Trust Inc. now owns 3,341 shares of the business services provider’s stock worth $56,000 after acquiring an additional 2,693 shares in the last quarter. Finally, New York State Teachers Retirement System grew its holdings in MARA by 0.5% in the fourth quarter. New York State Teachers Retirement System now owns 277,256 shares of the business services provider’s stock worth $4,650,000 after purchasing an additional 1,299 shares during the period. 44.53% of the stock is currently owned by institutional investors.

Insider Activity

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $392,450.00. Following the completion of the sale, the chief financial officer now directly owns 1,836,129 shares in the company, valued at $43,149,031.50. The trade was a 0.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jay P. Leupp sold 6,800 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the completion of the transaction, the director now owns 135,756 shares in the company, valued at $4,059,104.40. This trade represents a 4.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,015 shares of company stock valued at $2,237,086 over the last three months. Insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MARA shares. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and lifted their target price for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Piper Sandler assumed coverage on MARA in a research note on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective for the company. HC Wainwright reissued a “buy” rating and issued a $28.00 target price on shares of MARA in a research note on Wednesday, December 4th. Barclays initiated coverage on MARA in a research report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target for the company. Finally, B. Riley increased their price objective 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 equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MARA has a consensus rating of “Hold” and an average price target of $25.67.

MARA Price Performance

Shares of NASDAQ:MARA opened at $13.89 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 17.58 and a beta of 5.76. The business has a 50-day simple moving average of $18.21 and a two-hundred day simple moving average of $18.54. MARA Holdings, Inc. has a fifty-two week low of $13.16 and a fifty-two week high of $34.09.

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.