Mitsubishi UFJ Asset Management Co. Ltd. Has $144,000 Holdings in Marathon Digital Holdings, Inc. (NASDAQ:MARA)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 17.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,558 shares of the business services provider’s stock after acquiring an additional 1,894 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Marathon Digital were worth $144,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Marathon Digital by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 39,811,453 shares of the business services provider’s stock worth $457,832,000 after acquiring an additional 1,028,512 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Marathon Digital by 9.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,322,618 shares of the business services provider’s stock worth $38,210,000 after acquiring an additional 294,161 shares during the period. Northern Trust Corp boosted its position in Marathon Digital by 18.1% during the 4th quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider’s stock worth $55,233,000 after acquiring an additional 504,142 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Marathon Digital by 3.3% during the 1st quarter. Bank of New York Mellon Corp now owns 2,108,303 shares of the business services provider’s stock worth $24,245,000 after purchasing an additional 67,838 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Marathon Digital by 192.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,897,200 shares of the business services provider’s stock valued at $31,817,000 after buying an additional 1,248,292 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Marathon Digital news, CEO Frederick G. Thiel sold 27,505 shares of Marathon Digital stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $19.52, for a total value of $536,897.60. Following the transaction, the chief executive officer directly owned 3,946,504 shares of the company’s stock, valued at $77,035,758.08. The trade was a 0.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Salman Hassan Khan sold 34,733 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $15.85, for a total value of $550,518.05. Following the transaction, the chief financial officer owned 1,413,298 shares of the company’s stock, valued at approximately $22,400,773.30. This trade represents a 2.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 127,475 shares of company stock worth $2,219,517 over the last three months. 0.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. HC Wainwright reiterated a “buy” rating and set a $28.00 price target on shares of Marathon Digital in a report on Thursday, April 24th. Compass Point upgraded Marathon Digital from a “sell” rating to a “neutral” rating and lifted their price target for the company from $9.50 to $18.00 in a report on Friday, July 25th. Barclays lifted their price target on Marathon Digital from $14.00 to $16.00 and gave the company an “equal weight” rating in a report on Monday, May 12th. Rosenblatt Securities reiterated a “buy” rating and set a $20.00 price target on shares of Marathon Digital in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. upgraded Marathon Digital from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $19.00 to $22.00 in a report on Monday, July 28th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.22.

Marathon Digital Stock Down 0.7%

Shares of MARA stock opened at $15.75 on Friday. The stock’s 50 day simple moving average is $16.61 and its 200 day simple moving average is $15.13. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.54 and a current ratio of 0.54. Marathon Digital Holdings, Inc. has a twelve month low of $9.81 and a twelve month high of $30.28. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 14.19 and a beta of 6.24.

Marathon Digital (NASDAQ:MARA) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $2.13. Marathon Digital had a negative return on equity of 2.11% and a net margin of 85.02%. The business had revenue of $238.50 million for the quarter, compared to the consensus estimate of $212.25 million. During the same period last year, the business earned ($0.72) EPS. The firm’s revenue was up 64.0% compared to the same quarter last year. As a group, research analysts predict that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current year.

Marathon Digital 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.