6 days Ago By ABMN Staff
LPL Financial LLC lessened its holdings in MARA Holdings, Inc. ( NASDAQ:MARA – Free Report ) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 631,872 shares of the business services provider’s stock after selling 47,545 shares during the period. LPL Financial LLC’s holdings in MARA were worth $10,596,000 at the end of the most recent quarter. Several other large investors have also added to or reduced their stakes in the business.
Beacon Capital Management LLC bought a new position in MARA during the 4th quarter valued at $26,000. Stonehage Fleming Financial Services Holdings Ltd raised its stake in MARA by 79.3% in the 4th quarter.
Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 860 shares during the period. Spire Wealth Management lifted its stake in shares of MARA by 26.7% during the 4th quarter.
Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after buying an additional 599 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of MARA by 415.
6% in the fourth quarter. Blue Trust Inc. now owns 3,341 shares of the business services provider’s stock worth $56,000 after acquiring an additional 2,693 shares during the period.
Finally, US Bancorp DE boosted its stake in MARA by 73.3% in the 4th quarter. US Bancorp DE now owns 3,559 shares of the business services provider’s stock worth $60,000 after purchasing an additional 1,505 shares during the period.
Institutional investors own 44.53% of the company’s stock. Analyst Upgrades and Downgrades A number of equities analysts have weighed in on the company.
HC Wainwright restated a “buy” rating and issued a $28.00 target price on shares of MARA in a research note on Thursday, February 27th. B.
Riley boosted their price target on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th.
Rosenblatt Securities started coverage on shares of MARA in a research report on Friday, March 7th. They set a “buy” rating and a $19.00 price objective on the stock.
Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Thursday, February 27th. Finally, Barclays lowered their price target on MARA from $27.00 to $14.
00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.
80. MARA Stock Down 9.6 % MARA opened at $11.
23 on Friday. The business’s 50-day moving average price is $14.88 and its 200-day moving average price is $17.
93. The company has a current ratio of 4.00, a quick ratio of 4.
00 and a debt-to-equity ratio of 0.22. MARA Holdings, Inc.
has a 12 month low of $11.05 and a 12 month high of $30.28.
The company has a market cap of $3.88 billion, a P/E ratio of 14.22 and a beta of 6.
09. MARA ( NASDAQ:MARA – Get Free Report ) last issued its earnings results on Wednesday, February 26th. The business services provider reported $1.
24 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $1.56.
MARA had a net margin of 27.48% and a negative return on equity of 8.40%.
The firm had revenue of $214.39 million for the quarter, compared to analysts’ expectations of $187.11 million.
On average, equities analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.
Insiders Place Their Bets In related news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.
00. Following the completion of the sale, the chief financial officer now owns 1,773,788 shares of the company’s stock, valued at $27,156,694.28.
This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link .
Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $16.
68, for a total transaction of $458,783.40. Following the completion of the sale, the chief executive officer now owns 3,910,843 shares in the company, valued at approximately $65,232,861.
24. This trade represents a 0.70 % decrease in their position.
The disclosure for this sale can be found here . Insiders have sold a total of 72,710 shares of company stock valued at $1,226,825 in the last quarter. Insiders own 0.
80% of the company’s stock. 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. Featured Articles Want to see what other hedge funds are holding MARA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MARA Holdings, Inc.
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