X Square Capital LLC Takes $813,000 Position in MARA Holdings, Inc. (NASDAQ:MARA)

X Square Capital LLC acquired a new stake in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,500 shares of the business services provider's stock, valued at approximately $813,000.

Several other hedge funds also recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC purchased a new position in MARA during the fourth quarter worth about $265,000. Norges Bank purchased a new position in shares of MARA during the 4th quarter worth approximately $46,413,000. Sava Infond d.o.o. acquired a new stake in MARA in the 4th quarter valued at approximately $151,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in MARA by 22.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,664 shares of the business services provider's stock valued at $179,000 after purchasing an additional 1,979 shares during the period. Finally, Prudential Financial Inc. lifted its stake in MARA by 7.0% during the fourth quarter. Prudential Financial Inc. now owns 323,394 shares of the business services provider's stock worth $5,423,000 after purchasing an additional 21,175 shares in the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total transaction of $495,365.05. Following the sale, the chief executive officer now directly owns 4,100,585 shares in the company, valued at $73,851,535.85. This trade represents a 0.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,710 shares of company stock worth $1,226,825 over the last three months. Insiders own 0.80% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MARA. B. Riley lifted their price objective on MARA from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Piper Sandler dropped their target price on MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. JPMorgan Chase & Co. reduced their price target on shares of MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. HC Wainwright restated a "buy" rating and issued a $28.00 price objective on shares of MARA in a report on Thursday, February 27th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of MARA in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $22.80.

MARA Stock Down 8.6 %

Shares of MARA stock traded down $1.17 on Friday, reaching $12.47. 34,592,169 shares of the stock were exchanged, compared to its average volume of 45,488,260. MARA Holdings, Inc. has a twelve month low of $12.03 and a twelve month high of $30.28. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 15.78 and a beta of 5.95. The business's 50 day moving average price is $15.52 and its 200 day moving average price is $18.06.

MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $214.39 million during the quarter, compared to analysts' expectations of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. As a group, sell-side analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

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.