Brookstone Capital Management Sells 15,171 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Brookstone Capital Management lowered its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 16.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 77,674 shares of the business services provider's stock after selling 15,171 shares during the period. Brookstone Capital Management's holdings in MARA were worth $1,303,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fiduciary Alliance LLC bought a new position in MARA in the 4th quarter valued at approximately $397,000. GAMMA Investing LLC lifted its stake in shares of MARA by 102.0% in the 4th quarter. GAMMA Investing LLC now owns 12,844 shares of the business services provider's stock valued at $215,000 after acquiring an additional 6,485 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of MARA by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider's stock valued at $22,577,000 after acquiring an additional 37,150 shares in the last quarter. Franklin Resources Inc. grew its position in MARA by 62.5% during the 3rd quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider's stock worth $537,000 after acquiring an additional 12,157 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in MARA by 4.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 79,650 shares of the business services provider's stock worth $1,292,000 after purchasing an additional 3,200 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MARA. Needham & Company LLC reissued a "hold" rating on shares of MARA in a research note on Wednesday, November 13th. JPMorgan Chase & Co. upgraded shares of MARA from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. Macquarie upped their price target on shares of MARA from $22.00 to $29.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. Cantor Fitzgerald started coverage on shares of MARA in a report on Thursday, October 10th. They set an "overweight" rating and a $21.00 price target on the stock. Finally, Compass Point downgraded 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $25.80.

Insider Buying and Selling at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $330,660.00. Following the completion of the sale, the chief financial officer now owns 2,029,647 shares in the company, valued at $40,187,010.60. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $544,599.00. Following the sale, the chief executive officer now owns 4,155,595 shares of the company's stock, valued at $82,280,781. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,410 shares of company stock valued at $2,485,329. Corporate insiders own 0.97% of the company's stock.

MARA Trading Up 0.8 %

Shares of MARA stock traded up $0.15 on Thursday, hitting $18.30. 29,207,066 shares of the company's stock traded hands, compared to its average volume of 35,568,797. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 23.16 and a beta of 5.76. The company has a fifty day moving average of $21.61 and a two-hundred day moving average of $19.15. 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 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 posted its quarterly 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 business had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. MARA's quarterly revenue was up 34.4% on a year-over-year basis. As a group, sell-side analysts expect that MARA Holdings, Inc. will post -1.09 earnings per share for the current year.

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.