Chiron Investment Management LLC Makes New Investment in MARA Holdings, Inc. (NASDAQ:MARA)

Chiron Investment Management LLC bought a new stake in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 55,242 shares of the business services provider's stock, valued at approximately $926,000.

Other large investors have also added to or reduced their stakes in the company. Beacon Capital Management LLC bought a new position in shares of MARA in the fourth quarter valued at $26,000. Sterling Capital Management LLC lifted its position in MARA by 358.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock worth $31,000 after acquiring an additional 1,426 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd increased its stake 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 purchasing an additional 860 shares during the period. Spire Wealth Management lifted its holdings in MARA by 26.7% during the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock worth $48,000 after purchasing an additional 599 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of MARA in the fourth quarter valued at about $50,000. Institutional investors and hedge funds own 44.53% of the company's stock.

Insiders Place Their Bets

In related news, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Monday, March 3rd. The stock was 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. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.80% of the company's stock.

MARA Stock Up 2.8 %

MARA traded up $0.34 during midday trading on Friday, hitting $12.66. The company had a trading volume of 19,316,788 shares, compared to its average volume of 45,366,511. The stock's 50 day moving average price is $13.43 and its 200 day moving average price is $17.56. MARA Holdings, Inc. has a 52 week low of $9.81 and a 52 week high of $30.28. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 16.03 and a beta of 6.10.

MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $1.56. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $214.39 million for the quarter, compared to the consensus estimate of $187.11 million. On average, research analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Needham & Company LLC restated a "hold" rating on shares of MARA in a research note on Thursday, February 27th. B. Riley upped their price objective on shares of MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Barclays cut their price target on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. reduced their target price on MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Finally, Piper Sandler dropped their target price 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, MARA has an average rating of "Hold" and an average target price of $22.80.

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.