MARA Holdings, Inc. (NASDAQ:MARA) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its stake in MARA Holdings, Inc. (NASDAQ:MARA) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,800 shares of the business services provider’s stock after purchasing an additional 3,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in MARA were worth $1,238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MARA. Private Advisor Group LLC increased its stake in shares of MARA by 23.8% during the 4th quarter. Private Advisor Group LLC now owns 280,086 shares of the business services provider’s stock worth $4,697,000 after purchasing an additional 53,887 shares in the last quarter. Global Retirement Partners LLC increased its position in MARA by 72.9% during the fourth quarter. Global Retirement Partners LLC now owns 32,043 shares of the business services provider’s stock worth $537,000 after buying an additional 13,512 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of 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 worth $32,061,000 after acquiring an additional 519,900 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of MARA by 4.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 111,819 shares of the business services provider’s stock valued at $1,875,000 after acquiring an additional 4,945 shares in the last quarter. Finally, Game Plan Financial Advisors LLC acquired a new stake in shares of MARA during the 4th quarter worth about $61,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MARA has been the subject of several recent analyst reports. Piper Sandler initiated coverage on shares of MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 target price for the company. B. Riley increased 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. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Macquarie boosted their price target on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, HC Wainwright restated a “buy” rating and issued a $28.00 price objective on shares of MARA in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, MARA has a consensus rating of “Hold” and an average price target of $25.67.

MARA Stock Up 0.3 %

NASDAQ MARA opened at $12.45 on Thursday. The stock has a market cap of $4.23 billion, a PE ratio of 15.76 and a beta of 5.76. The business has a 50 day moving average price of $17.78 and a two-hundred day moving average price of $18.46. MARA Holdings, Inc. has a fifty-two week low of $12.05 and a fifty-two week high of $34.09. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $1.56. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. As a group, sell-side analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Buying and Selling at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on 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 sale, the chief executive officer now owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. The trade was a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 of the company’s stock, valued at $43,149,031.50. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,015 shares of company stock valued at $2,237,086 in the last three months. Corporate insiders own 0.80% of the company’s stock.

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.