Kingswood Wealth Advisors LLC Cuts Position in MARA Holdings, Inc. (NASDAQ:MARA)

Kingswood Wealth Advisors LLC cut its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 74.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,581 shares of the business services provider's stock after selling 43,240 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in MARA were worth $245,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. PFG Investments LLC acquired a new position in shares of MARA during the fourth quarter worth approximately $185,000. Stonehage Fleming Financial Services Holdings Ltd grew its holdings 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 valued at $33,000 after buying an additional 860 shares during the last quarter. Avaii Wealth Management LLC increased its position in shares of MARA by 9.9% during the fourth quarter. Avaii Wealth Management LLC now owns 16,941 shares of the business services provider's stock worth $284,000 after acquiring an additional 1,529 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of MARA by 116.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 7,281 shares of the business services provider's stock worth $122,000 after acquiring an additional 3,915 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in MARA by 17.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 899,004 shares of the business services provider's stock valued at $15,076,000 after acquiring an additional 135,133 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

MARA Stock Performance

MARA traded down $0.62 during midday trading on Wednesday, reaching $17.03. The company had a trading volume of 24,296,380 shares, compared to its average volume of 37,999,848. The business has a 50-day moving average price of $20.46 and a two-hundred day moving average price of $18.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. MARA Holdings, Inc. has a 12-month low of $13.16 and a 12-month high of $34.09. The stock has a market cap of $5.78 billion, a PE ratio of 21.56 and a beta of 5.76.

MARA (NASDAQ:MARA - Get Free Report) last released its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $131.60 million during the quarter, compared to analysts' expectations of $140.26 million. During the same period in the prior year, the business earned ($0.05) earnings per share. The business's quarterly revenue was up 34.4% compared to the same quarter last year. On average, sell-side analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Activity at MARA

In other MARA news, Director Jay P. Leupp sold 6,800 shares of the firm's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.90, for a total value of $203,320.00. Following the completion of the transaction, the director now owns 135,756 shares in the company, valued at $4,059,104.40. This trade represents a 4.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the transaction, the chief executive officer now directly owns 4,100,585 shares of the company's stock, valued at $73,851,535.85. The trade was a 0.67 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,915 shares of company stock worth $2,980,694. Company insiders own 0.80% of the company's stock.

Wall Street Analysts Forecast Growth

MARA has been the subject of several analyst reports. Macquarie increased their price objective on MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. Compass Point cut MARA from a "buy" rating to a "neutral" rating and raised their price objective for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. JPMorgan Chase & Co. upgraded shares of MARA from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. B. Riley raised 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. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $25.67.

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.