Amundi Has $3.87 Million Stock Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

Amundi raised its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 210,979 shares of the business services provider’s stock after buying an additional 9,749 shares during the period. Amundi owned about 0.06% of MARA worth $3,869,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Spire Wealth Management raised its position in shares of MARA by 26.7% in the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 599 shares during the period. Stonehage Fleming Financial Services Holdings Ltd lifted its position in MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after acquiring an additional 860 shares during the last quarter. Larson Financial Group LLC boosted its holdings in MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of MARA by 6.6% in the third quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock valued at $306,000 after purchasing an additional 1,170 shares during the last quarter. Finally, New York State Teachers Retirement System increased its stake in shares of 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 hedge funds and other institutional investors.

MARA Price Performance

MARA stock opened at $13.18 on Monday. The business has a 50 day simple moving average of $16.60 and a 200 day simple moving average of $18.23. MARA Holdings, Inc. has a one year low of $12.05 and a one year high of $30.28. The company has a market capitalization of $4.56 billion, a PE ratio of 16.68 and a beta of 5.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.

MARA (NASDAQ:MARA) last issued its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating the consensus estimate of ($0.32) by $1.56. The company had revenue of $214.39 million for the quarter, compared to the consensus estimate of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. On average, sell-side analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on MARA shares. Piper Sandler lowered their target price on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Rosenblatt Securities initiated coverage on shares of MARA in a research report on Friday, March 7th. They set a “buy” rating and a $19.00 target price on the stock. Barclays reduced their price target on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. cut their price objective on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, B. Riley increased their target price on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.80.

Insiders Place Their Bets

In other news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total value of $458,783.40. Following the completion of the transaction, the chief executive officer now directly owns 3,910,843 shares of the company’s stock, valued at $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,710 shares of company stock valued at $1,226,825. 0.80% of the stock is currently owned by insiders.

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.