UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 461,194 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 51.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 433,455 shares of the business services provider's stock after selling 461,194 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.15% of MARA worth $7,031,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in MARA. Truvestments Capital LLC acquired a new stake in shares of MARA in the 3rd quarter valued at $26,000. Larson Financial Group LLC increased its position in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock worth $31,000 after purchasing an additional 1,062 shares during the period. Signaturefd LLC raised its holdings in MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider's stock worth $48,000 after purchasing an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in MARA during the 3rd quarter valued at about $50,000. Finally, Tobam boosted its stake in shares of MARA by 173.0% in the 3rd quarter. Tobam now owns 7,701 shares of the business services provider's stock valued at $125,000 after purchasing an additional 4,880 shares during the last quarter. Institutional investors own 44.53% of the company's stock.

Insider Buying and Selling at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the completion of the transaction, the chief executive officer now owns 4,250,804 shares in the company, valued at $74,389,070. This trade represents a 0.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $15.70, for a total value of $262,190.00. Following the sale, the chief financial officer now owns 2,103,347 shares in the company, valued at $33,022,547.90. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 153,622 shares of company stock valued at $2,906,197 in the last 90 days. 0.97% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Compass Point lowered shares of MARA from a "buy" rating to a "neutral" rating and increased their price objective for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Needham & Company LLC restated a "hold" rating on shares of MARA in a research report on Wednesday, November 13th. Barclays assumed coverage on MARA in a report on Monday, November 25th. They issued an "equal weight" rating and a $27.00 price objective for the company. HC Wainwright restated a "buy" rating and set a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. raised MARA from an "underweight" rating to a "neutral" rating and upped their price target for the company from $12.00 to $23.00 in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $24.56.

MARA Stock Down 4.4 %

NASDAQ MARA traded down $1.05 during trading hours on Tuesday, reaching $22.81. 43,658,849 shares of the company's stock were exchanged, compared to its average volume of 56,902,941. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 28.87 and a beta of 5.63. The company's 50-day moving average is $20.32 and its two-hundred day moving average is $19.21. MARA Holdings, Inc. has a one year low of $13.16 and a one year high of $34.09.

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The company had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm's revenue was up 34.4% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) EPS. On average, analysts forecast that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

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.