KLP Kapitalforvaltning AS Makes New $1.01 Million Investment in MARA Holdings, Inc. (NASDAQ:MARA)

KLP Kapitalforvaltning AS bought a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 60,400 shares of the business services provider's stock, valued at approximately $1,013,000.

Several other institutional investors and hedge funds have also bought and sold shares of MARA. Geode Capital Management LLC increased its holdings in shares of MARA by 5.6% in the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider's stock worth $116,115,000 after purchasing an additional 378,542 shares during the period. American Century Companies Inc. increased its stake in MARA by 44.3% in the 4th 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 last quarter. Charles Schwab Investment Management Inc. increased its stake in MARA by 14.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider's stock worth $50,787,000 after acquiring an additional 372,094 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of MARA by 8.0% in the 4th quarter. Bank of New York Mellon Corp now owns 2,040,465 shares of the business services provider's stock valued at $34,219,000 after acquiring an additional 150,367 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of MARA by 37.4% during the 4th 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 last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of research firms have commented on MARA. B. Riley boosted 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 cut their target price on shares of MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Needham & Company LLC restated a "hold" rating on shares of MARA in a research report on Thursday, February 27th. Rosenblatt Securities assumed coverage on MARA in a research note on Friday, March 7th. They set a "buy" rating and a $19.00 price target for the company. Finally, HC Wainwright reiterated a "buy" rating and set a $28.00 price objective on shares of MARA in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $22.80.

MARA Trading Down 9.6 %

MARA stock traded down $1.19 during trading hours on Thursday, reaching $11.23. The company had a trading volume of 26,250,286 shares, compared to its average volume of 45,442,318. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 14.22 and a beta of 6.09. MARA Holdings, Inc. has a 12-month low of $11.05 and a 12-month high of $30.28. 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 company has a 50-day moving average price of $14.88 and a 200 day moving average price of $17.93.

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

Insider Buying and Selling

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their position. The transaction 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 that occurred 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 transaction, the chief executive officer now directly owns 3,910,843 shares in the company, valued at $65,232,861.24. This trade represents a 0.70 % 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 valued at $1,226,825 over the last ninety days. 0.80% of the stock is owned by insiders.

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.