SLT Holdings LLC Purchases New Stake in MARA Holdings, Inc. (NASDAQ:MARA)

SLT Holdings LLC acquired a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 50,250 shares of the business services provider's stock, valued at approximately $843,000.

A number of other hedge funds have also recently added to or reduced their stakes in MARA. Truvestments Capital LLC bought a new position in shares of MARA in the 3rd quarter worth about $26,000. Beacon Capital Management LLC acquired a new stake in MARA during the fourth quarter worth about $26,000. Larson Financial Group LLC lifted its holdings in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock worth $31,000 after acquiring an additional 1,062 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd boosted its stake in MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock valued at $33,000 after acquiring an additional 860 shares during the period. Finally, Spire Wealth Management boosted its stake in 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 acquiring an additional 599 shares during the period. Institutional investors and hedge funds own 44.53% of the company's stock.

MARA Price Performance

Shares of MARA stock traded up $0.93 on Friday, hitting $16.02. The company had a trading volume of 59,330,468 shares, compared to its average volume of 46,760,189. The company has a market cap of $5.54 billion, a PE ratio of 20.28 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 Holdings, Inc. has a 52 week low of $12.05 and a 52 week high of $30.28. The business has a 50-day simple moving average of $17.05 and a 200-day simple moving average of $18.40.

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MARA (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. Research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Activity

In related news, CFO Salman Hassan Khan sold 16,700 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were 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 in the company, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the completion of the transaction, the chief executive officer now directly owns 4,100,585 shares in the company, valued at $73,851,535.85. This represents a 0.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,915 shares of company stock worth $2,289,443. Corporate insiders own 0.80% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. JPMorgan Chase & Co. raised MARA from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. B. Riley raised their target price 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 reduced their price target 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. Compass Point cut shares of MARA from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Finally, Barclays cut their price objective on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, MARA currently has an average rating of "Hold" and an average price target of $23.30.

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.