Van ECK Associates Corp raised its holdings in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 51.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,676,840 shares of the business services provider's stock after acquiring an additional 570,803 shares during the quarter. Van ECK Associates Corp owned 0.49% of MARA worth $28,120,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of MARA. Private Advisor Group LLC raised its stake in MARA by 27.7% in the 3rd quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider's stock valued at $3,669,000 after purchasing an additional 49,062 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in MARA by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider's stock worth $43,086,000 after purchasing an additional 217,106 shares in the last quarter. Mutual of America Capital Management LLC increased its position in MARA by 112.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider's stock worth $3,308,000 after purchasing an additional 107,963 shares in the last quarter. Everence Capital Management Inc. purchased a new position in MARA in the 3rd quarter worth approximately $640,000. Finally, Weiss Asset Management LP purchased a new position in MARA in the 3rd quarter worth approximately $1,557,000. Institutional investors and hedge funds own 44.53% of the company's stock.
MARA Stock Performance
Shares of NASDAQ:MARA traded down $0.81 during trading on Tuesday, hitting $16.09. 14,873,121 shares of the stock were exchanged, compared to its average volume of 34,504,039. MARA Holdings, Inc. has a 1-year low of $13.16 and a 1-year high of $34.09. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 20.41 and a beta of 5.76. The company's fifty day simple moving average is $19.00 and its 200-day simple moving average is $18.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.
Insider Activity at MARA
In related news, CFO Salman Hassan Khan sold 16,700 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the sale, the chief financial officer now owns 1,836,129 shares of the company's stock, valued at $43,149,031.50. The trade was a 0.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $646,367.50. Following the completion of the sale, the chief executive officer now directly owns 4,128,090 shares in the company, 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 have sold a total of 91,710 shares of company stock valued at $2,081,375 in the last 90 days. 0.80% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
MARA has been the subject of several research analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of MARA in a research note on Wednesday, November 13th. Macquarie increased their target price on MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. HC Wainwright reaffirmed a "buy" rating and issued a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. Barclays initiated coverage on MARA in a report on Monday, November 25th. They set an "equal weight" rating and a $27.00 price target on the stock. Finally, B. Riley raised their price target on MARA from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $25.67.
Read Our Latest Stock Report on MARA
About MARA
(
Free Report)
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.
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