Strategic Advocates LLC Purchases 3,758 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Strategic Advocates LLC boosted its holdings in MARA Holdings, Inc. (NASDAQ:MARA) by 34.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,699 shares of the business services provider’s stock after buying an additional 3,758 shares during the quarter. Strategic Advocates LLC’s holdings in MARA were worth $247,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Private Advisor Group LLC increased its holdings in MARA by 27.7% in the third 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 period. Charles Schwab Investment Management Inc. boosted its position in shares of 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 valued at $43,086,000 after purchasing an additional 217,106 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in shares of 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 valued at $3,308,000 after acquiring an additional 107,963 shares during the period. Everence Capital Management Inc. acquired a new position in MARA during the 3rd quarter worth approximately $640,000. Finally, Weiss Asset Management LP acquired a new stake in MARA in the third quarter valued at approximately $1,557,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.

MARA Stock Up 4.1 %

MARA opened at $19.18 on Friday. MARA Holdings, Inc. has a 12 month low of $13.16 and a 12 month high of $34.09. The company has a market cap of $6.51 billion, a PE ratio of 24.28 and a beta of 5.76. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average of $21.12 and a 200 day moving average of $19.08.

MARA (NASDAQ:MARA) last posted its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) 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 company had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. During the same period in the previous year, the business earned ($0.05) earnings per share. MARA’s revenue was up 34.4% on a year-over-year basis. On average, sell-side analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Analyst Ratings Changes

MARA has been the subject of several recent research reports. B. Riley upped their price target on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Macquarie boosted their price target on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Barclays started coverage on shares of MARA in a research report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective for the company. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and upped their target price for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, MARA currently has a consensus rating of “Hold” and an average price target of $25.67.

Insider Activity

In related news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $392,450.00. Following the transaction, the chief financial officer now owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $18.01, for a total transaction of $495,365.05. Following the sale, the chief executive officer now owns 4,100,585 shares of the company’s stock, valued at approximately $73,851,535.85. The trade was a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 136,915 shares of company stock worth $2,980,694 in the last three months. Corporate insiders own 0.80% of the company’s stock.

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.