MARA Holdings, Inc. (NASDAQ:MARA) Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC lifted its position in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 72.9% during the fourth quarter, Holdings Channel reports. The firm owned 32,043 shares of the business services provider’s stock after acquiring an additional 13,512 shares during the quarter. Global Retirement Partners LLC’s holdings in MARA were worth $537,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. raised its position in MARA by 37.4% in the 4th quarter. Principal Financial Group Inc. now owns 1,911,816 shares of the business services provider’s stock valued at $32,061,000 after purchasing an additional 519,900 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in MARA by 4.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 111,819 shares of the business services provider’s stock valued at $1,875,000 after purchasing an additional 4,945 shares during the period. Game Plan Financial Advisors LLC purchased a new stake in shares of MARA in the fourth quarter valued at about $61,000. Beacon Capital Management LLC acquired a new stake in shares of MARA during the fourth quarter worth about $26,000. Finally, Rhumbline Advisers grew its holdings in shares of MARA by 6.6% during the fourth quarter. Rhumbline Advisers now owns 834,057 shares of the business services provider’s stock worth $13,987,000 after buying an additional 51,643 shares during the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

MARA Stock Performance

MARA stock opened at $14.66 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The firm’s fifty day moving average price is $18.42 and its 200 day moving average price is $18.56. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 18.56 and a beta of 5.76. MARA Holdings, Inc. has a 12-month low of $13.16 and a 12-month high of $34.09.

Wall Street Analyst Weigh In

MARA has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. HC Wainwright restated a “buy” rating and issued a $28.00 target price on shares of MARA in a research note on Wednesday, December 4th. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Macquarie raised their price objective 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. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, MARA presently has a consensus rating of “Hold” and a consensus price target of $25.67.

Insider Transactions at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s 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 completion of the transaction, the chief financial officer now directly owns 1,836,129 shares of the company’s stock, valued at $43,149,031.50. This trade represents a 0.90 % 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, Director Jay P. Leupp sold 6,800 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.90, for a total transaction of $203,320.00. Following the completion of the sale, the director now owns 135,756 shares in the company, valued at approximately $4,059,104.40. This trade represents a 4.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 108,015 shares of company stock valued at $2,237,086. 0.80% of the stock is currently owned by 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.