MARA Holdings, Inc. (NASDAQ:MARA) Shares Purchased by Quadrant Capital Group LLC

Quadrant Capital Group LLC grew its position in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 117.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,569 shares of the business services provider’s stock after buying an additional 3,554 shares during the quarter. Quadrant Capital Group LLC’s holdings in MARA were worth $110,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Beacon Capital Management LLC bought a new position in MARA during the fourth quarter worth $26,000. Stonehage Fleming Financial Services Holdings Ltd lifted its position in shares of 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 worth $33,000 after buying an additional 860 shares during the last quarter. Spire Wealth Management boosted its holdings in shares of MARA by 26.7% in 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 during the period. Brown Brothers Harriman & Co. bought a new stake in shares of MARA during the 4th quarter valued at about $50,000. Finally, Blue Trust Inc. raised its stake in MARA by 415.6% during 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. Institutional investors and hedge funds own 44.53% of the company’s stock.

MARA Stock Performance

Shares of NASDAQ MARA opened at $12.31 on Thursday. MARA Holdings, Inc. has a 1 year low of $9.81 and a 1 year high of $30.28. The firm has a market cap of $4.26 billion, a P/E ratio of 15.58 and a beta of 6.10. The stock has a fifty day moving average price of $14.00 and a two-hundred day moving average price of $17.75. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA) last issued its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 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. Research analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Activity at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the 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 transaction, the chief financial officer now owns 1,773,788 shares in the company, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the sale, the chief executive officer now owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,710 shares of company stock valued at $1,226,825 over the last ninety days. Insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

MARA has been the subject of several recent research reports. 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. HC Wainwright restated a “buy” rating and set a $28.00 price objective on shares of MARA in a research note on Thursday, February 27th. Barclays cut their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Rosenblatt Securities assumed coverage on shares of MARA in a research report on Friday, March 7th. They set a “buy” rating and a $19.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price objective on shares of MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, MARA presently has a consensus rating of “Hold” and a consensus price target of $22.80.

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.