Bank of New York Mellon Corp Has $34.22 Million Stake in MARA Holdings, Inc. (NASDAQ:MARA)

Bank of New York Mellon Corp boosted its holdings in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 8.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,040,465 shares of the business services provider's stock after buying an additional 150,367 shares during the period. Bank of New York Mellon Corp owned approximately 0.60% of MARA worth $34,219,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in MARA in the third quarter worth $26,000. Beacon Capital Management LLC acquired a new stake in MARA in the fourth quarter worth $26,000. Larson Financial Group LLC increased its position in shares of MARA by 124.2% during 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 in the last quarter. Stonehage Fleming Financial Services Holdings Ltd increased its position in shares of MARA by 79.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock worth $33,000 after acquiring an additional 860 shares in the last quarter. Finally, Spire Wealth Management increased its position in shares of MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock worth $48,000 after acquiring an additional 599 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

MARA Stock Up 6.2 %

MARA stock traded up $0.93 during mid-day trading on Friday, reaching $16.02. The company's stock had a trading volume of 59,330,468 shares, compared to its average volume of 46,760,189. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 20.28 and a beta of 5.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The business's 50 day simple moving average is $17.05 and its 200 day simple moving average is $18.38. MARA Holdings, Inc. has a 12 month low of $12.05 and a 12 month high of $30.28.

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MARA (NASDAQ:MARA - Get Free Report) last announced 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 firm had revenue of $214.39 million during the quarter, compared to analysts' expectations of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. As a group, research analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Piper Sandler lowered their price objective 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. Macquarie increased their price objective on shares of MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Compass Point downgraded 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 research report on Thursday, November 21st. Rosenblatt Securities assumed coverage on shares of MARA in a research report on Friday. They set a "buy" rating and a $19.00 price objective for the company. Finally, HC Wainwright reissued a "buy" rating and set a $28.00 price objective on shares of MARA in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, MARA has a consensus rating of "Hold" and a consensus target price of $23.30.

Insider Buying and Selling at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the firm's stock in a transaction dated 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 owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm'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 $646,367.50. Following the sale, the chief executive officer now owns 4,128,090 shares of the company's stock, valued at approximately $97,010,115. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,915 shares of company stock worth $2,289,443 over the last quarter. 0.80% of the stock is currently 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.