Charles Schwab Investment Management Inc. Buys 372,094 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Charles Schwab Investment Management Inc. boosted its holdings in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 14.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,028,457 shares of the business services provider's stock after purchasing an additional 372,094 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.89% of MARA worth $50,787,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC increased its position in MARA by 112.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider's stock valued at $3,308,000 after buying an additional 107,963 shares in the last quarter. Weiss Asset Management LP acquired a new stake in MARA in the third quarter valued at approximately $1,557,000. Intech Investment Management LLC bought a new stake in shares of MARA during the third quarter valued at approximately $1,107,000. Public Sector Pension Investment Board raised its position in shares of MARA by 4.0% during the third quarter. Public Sector Pension Investment Board now owns 624,818 shares of the business services provider's stock worth $10,135,000 after purchasing an additional 24,300 shares during the period. Finally, Capital Advisors Inc. OK bought a new position in shares of MARA in the 4th quarter worth $699,000. 44.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MARA has been the topic of several research reports. Compass Point downgraded shares of MARA from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. 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. B. Riley lifted their price target on MARA from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Needham & Company LLC restated a "hold" rating on shares of MARA in a report on Thursday, February 27th. Finally, Rosenblatt Securities initiated coverage on MARA in a research report on Friday, March 7th. They set a "buy" rating and a $19.00 target price on the stock. 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 stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $22.80.

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Insider Buying and Selling

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the company's 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 of the company's stock, valued at $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 4,100,585 shares in the company, valued at $73,851,535.85. The trade was a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,710 shares of company stock worth $1,226,825 over the last ninety days. 0.80% of the stock is owned by corporate insiders.

MARA Stock Performance

Shares of MARA stock traded down $0.21 during trading hours on Monday, hitting $12.97. 31,358,040 shares of the company's stock traded hands, compared to its average volume of 46,210,490. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 16.42 and a beta of 5.95. MARA Holdings, Inc. has a 12-month low of $12.05 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 fifty day simple moving average of $16.60 and a 200-day simple moving average of $18.23.

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 (EPS) for the quarter, beating analysts' consensus estimates of ($0.32) by $1.56. The business had revenue of $214.39 million for 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%. Equities research analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS 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.