California Public Employees Retirement System Cuts Stock Position in MARA Holdings, Inc. (NASDAQ:MARA)

California Public Employees Retirement System lessened its holdings in MARA Holdings, Inc. (NASDAQ:MARA) by 27.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 361,275 shares of the business services provider’s stock after selling 136,972 shares during the quarter. California Public Employees Retirement System owned approximately 0.11% of MARA worth $6,059,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new position in shares of MARA in the 4th quarter valued at approximately $46,413,000. Vanguard Group Inc. lifted its holdings in shares of MARA by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock valued at $650,390,000 after buying an additional 2,706,271 shares during the period. American Century Companies Inc. grew its holdings in MARA by 44.3% during the fourth quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock worth $67,749,000 after acquiring an additional 1,240,354 shares during the period. Van ECK Associates Corp raised its position in MARA by 51.6% in the fourth quarter. Van ECK Associates Corp now owns 1,676,840 shares of the business services provider’s stock worth $28,120,000 after acquiring an additional 570,803 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in MARA by 37.4% in the fourth quarter. Principal Financial Group Inc. now owns 1,911,816 shares of the business services provider’s stock valued at $32,061,000 after acquiring an additional 519,900 shares during the period. 44.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MARA

In related 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 value of $255,677.00. Following the transaction, the chief financial officer now directly owns 1,773,788 shares of the company’s stock, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the sale, the chief executive officer now owns 3,910,843 shares of the company’s stock, valued at $65,232,861.24. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,710 shares of company stock worth $1,226,825 in the last three months. Company insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

MARA has been the topic of a number of recent analyst reports. B. Riley upped their price target on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Piper Sandler dropped their target price on shares of MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. decreased their price target on MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Barclays dropped their price objective on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $22.80.

MARA Stock Performance

NASDAQ:MARA opened at $11.26 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The firm has a market cap of $3.89 billion, a PE ratio of 14.25 and a beta of 6.10. The firm has a 50 day simple moving average of $14.57 and a 200-day simple moving average of $17.90. MARA Holdings, Inc. has a 1-year low of $9.81 and a 1-year high of $30.28.

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

MARA 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.