American Century Companies Inc. Boosts Stake in MARA Holdings, Inc. (NASDAQ:MARA)

American Century Companies Inc. increased its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 44.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,039,871 shares of the business services provider's stock after purchasing an additional 1,240,354 shares during the period. American Century Companies Inc. owned 1.19% of MARA worth $67,749,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MARA. HUB Investment Partners LLC boosted its stake in shares of MARA by 108.1% during the fourth quarter. HUB Investment Partners LLC now owns 24,526 shares of the business services provider's stock worth $411,000 after buying an additional 12,743 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in MARA by 9.2% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 68,706 shares of the business services provider's stock valued at $1,152,000 after acquiring an additional 5,763 shares during the last quarter. Maryland State Retirement & Pension System lifted its position in MARA by 9.0% during the 4th quarter. Maryland State Retirement & Pension System now owns 108,380 shares of the business services provider's stock worth $1,818,000 after acquiring an additional 8,939 shares during the period. Xponance Inc. grew its stake in shares of MARA by 15.2% in the 4th quarter. Xponance Inc. now owns 20,597 shares of the business services provider's stock valued at $345,000 after purchasing an additional 2,723 shares during the last quarter. Finally, Generali Asset Management SPA SGR acquired a new position in shares of MARA in the fourth quarter valued at approximately $2,516,000. 44.53% of the stock is owned by hedge funds and other institutional investors.

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MARA Price Performance

Shares of NASDAQ MARA traded down $1.17 during trading on Friday, reaching $12.48. The company had a trading volume of 22,763,642 shares, compared to its average volume of 45,604,802. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA Holdings, Inc. has a twelve month low of $12.03 and a twelve month high of $30.28. The stock has a 50-day moving average price of $15.67 and a two-hundred day moving average price of $18.06. The stock has a market capitalization of $4.31 billion, a PE ratio of 15.75 and a beta of 5.95.

MARA (NASDAQ:MARA - Get Free Report) last announced its earnings results 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 firm had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. 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 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barclays lowered their target price on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. HC Wainwright reiterated a "buy" rating and issued a $28.00 price target on shares of MARA in a report on Thursday, February 27th. Rosenblatt Securities started coverage on shares of MARA in a research note on Friday, March 7th. They issued a "buy" rating and a $19.00 price objective for the company. Piper Sandler lowered their target price on shares of MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Finally, B. Riley lifted their price target on shares of MARA from $21.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $22.80.

Insider Buying and Selling

In other news, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now owns 1,773,788 shares of the company's stock, valued at $27,156,694.28. This represents a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,710 shares of company stock worth $1,226,825. 0.80% of the stock is owned by insiders.

About MARA

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.