HighTower Advisors LLC Increases Stock Position in MARA Holdings, Inc. (NASDAQ:MARA)

HighTower Advisors LLC raised its holdings in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 20.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 161,860 shares of the business services provider's stock after acquiring an additional 27,147 shares during the period. HighTower Advisors LLC's holdings in MARA were worth $2,714,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Truvestments Capital LLC purchased a new stake in MARA in the third quarter valued at approximately $26,000. Beacon Capital Management LLC purchased a new stake in shares of MARA during the 4th quarter valued at $26,000. Larson Financial Group LLC lifted its holdings in shares of MARA by 124.2% during the 3rd 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 during the last quarter. Stonehage Fleming Financial Services Holdings Ltd grew its position in MARA by 79.3% in 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 stake in MARA by 26.7% in the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock valued at $48,000 after acquiring an additional 599 shares during the last quarter. Institutional investors own 44.53% of the company's stock.

Insider Activity

In other news, CFO Salman Hassan Khan sold 16,700 shares of MARA 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 sale, the chief financial officer now owns 1,773,788 shares of the company's stock, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 4,100,585 shares of the company's stock, valued at approximately $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. Over the last three months, insiders have sold 72,710 shares of company stock valued at $1,226,825. Company insiders own 0.80% of the company's stock.

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MARA Trading Down 2.5 %

MARA traded down $0.36 during trading on Tuesday, hitting $14.25. 38,081,071 shares of the stock traded hands, compared to its average volume of 45,874,677. The firm has a 50-day moving average of $15.91 and a 200 day moving average of $18.11. MARA Holdings, Inc. has a 12-month low of $12.03 and a 12-month high of $30.28. The firm has a market capitalization of $4.93 billion, a P/E ratio of 18.04 and a beta of 5.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.

MARA (NASDAQ:MARA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $1.56. The company 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 year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MARA. HC Wainwright reiterated a "buy" rating and issued a $28.00 price objective on shares of MARA in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a research note on Thursday, February 27th. Rosenblatt Securities started coverage on shares of MARA in a research report on Friday, March 7th. They set a "buy" rating and a $19.00 price target on the stock. Barclays lowered their price objective 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. Finally, B. Riley lifted their target price 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, MARA currently has an average rating of "Hold" and an average target price of $22.80.

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.