Stevens Capital Management LP Makes New Investment in MARA Holdings, Inc. (NASDAQ:MARA)

Stevens Capital Management LP acquired a new stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,551 shares of the business services provider’s stock, valued at approximately $227,000.

Several other large investors have also modified their holdings of MARA. Natixis Advisors LLC purchased a new stake in shares of MARA during the third quarter valued at $255,000. Thrivent Financial for Lutherans raised its holdings in MARA by 2.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 231,248 shares of the business services provider’s stock worth $3,751,000 after buying an additional 4,654 shares during the period. Swiss National Bank raised its holdings in MARA by 4.9% during the 3rd quarter. Swiss National Bank now owns 552,000 shares of the business services provider’s stock worth $8,953,000 after buying an additional 25,600 shares during the period. Intech Investment Management LLC purchased a new stake in MARA during the third quarter valued at about $1,107,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of MARA by 8.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after buying an additional 217,106 shares during the period. 44.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

MARA has been the subject of several research analyst reports. Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Thursday, February 27th. Rosenblatt Securities began coverage on MARA in a research report on Friday, March 7th. They issued a “buy” rating and a $19.00 target price for the company. Barclays dropped 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. JPMorgan Chase & Co. decreased their price objective on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Finally, B. Riley upped their target price on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.80.

Insiders Place Their Bets

In related news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the transaction, the chief executive officer now directly owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 1,773,788 shares of the company’s stock, valued at $27,156,694.28. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,710 shares of company stock valued at $1,226,825 over the last quarter. Insiders own 0.80% of the company’s stock.

MARA Trading Up 18.0 %

NASDAQ:MARA opened at $14.61 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The company has a market capitalization of $5.05 billion, a P/E ratio of 18.49 and a beta of 5.95. The stock’s 50 day moving average price is $15.91 and its 200 day moving average price is $18.11. MARA Holdings, Inc. has a 52 week low of $12.03 and a 52 week high of $30.28.

MARA (NASDAQ:MARA) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.56. The business had revenue of $214.39 million for the quarter, compared to the consensus estimate of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. On average, research analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

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.