Y Intercept Hong Kong Ltd Takes Position in MARA Holdings, Inc. (NASDAQ:MARA)

Y Intercept Hong Kong Ltd acquired a new stake in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 66,107 shares of the business services provider's stock, valued at approximately $1,072,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Financial Advocates Investment Management raised its holdings in MARA by 5.2% in the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider's stock worth $230,000 after acquiring an additional 700 shares during the last quarter. Ranch Capital Advisors Inc. raised its position in MARA by 6.1% in the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider's stock worth $269,000 after purchasing an additional 780 shares during the period. Larson Financial Group LLC boosted its stake in shares of MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock valued at $31,000 after purchasing an additional 1,062 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of MARA by 6.6% during the third quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider's stock worth $306,000 after acquiring an additional 1,170 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider's stock valued at $48,000 after acquiring an additional 1,273 shares in the last quarter. Hedge funds and other institutional investors own 44.53% of the company's stock.

Wall Street Analyst Weigh In

MARA has been the topic of several research analyst reports. Compass Point downgraded MARA from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Cantor Fitzgerald assumed coverage on shares of MARA in a report on Thursday, October 10th. They issued an "overweight" rating and a $21.00 price objective for the company. Macquarie lifted their price target on shares of MARA from $22.00 to $29.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. HC Wainwright reiterated a "buy" rating and issued a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $24.56.

MARA Stock Performance

MARA stock traded up $0.15 during midday trading on Friday, reaching $22.73. The company had a trading volume of 40,090,910 shares, compared to its average volume of 56,811,418. The firm has a market capitalization of $7.32 billion, a PE ratio of 28.42 and a beta of 5.63. The stock has a 50 day moving average price of $20.62 and a 200 day moving average price of $19.26. MARA Holdings, Inc. has a fifty-two week low of $13.16 and a fifty-two week high of $34.09. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

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

Insider Activity at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total value of $481,337.50. Following the completion of the sale, the chief executive officer now owns 4,250,804 shares in the company, valued at approximately $74,389,070. This represents a 0.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $15.70, for a total transaction of $262,190.00. Following the completion of the transaction, the chief financial officer now directly owns 2,103,347 shares of the company's stock, valued at $33,022,547.90. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 152,622 shares of company stock valued at $2,890,197 over the last 90 days. 0.97% of the stock is currently owned by corporate insiders.

About MARA

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.