AlphaQuest LLC Acquires 12,873 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

AlphaQuest LLC lifted its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 1,962.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,529 shares of the business services provider’s stock after purchasing an additional 12,873 shares during the period. AlphaQuest LLC’s holdings in MARA were worth $227,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in MARA. Charles Schwab Investment Management Inc. boosted its position in 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 buying an additional 217,106 shares during the period. Mutual of America Capital Management LLC boosted its holdings in shares of MARA by 112.4% during the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after purchasing an additional 107,963 shares during the period. Weiss Asset Management LP bought a new stake in shares of MARA in the third quarter worth about $1,557,000. Intech Investment Management LLC purchased a new position in MARA during the 3rd quarter valued at about $1,107,000. Finally, Public Sector Pension Investment Board boosted its holdings in MARA by 4.0% in the third quarter. Public Sector Pension Investment Board now owns 624,818 shares of the business services provider’s stock valued at $10,135,000 after acquiring an additional 24,300 shares in the last quarter. Institutional investors own 44.53% of the company’s stock.

Wall Street Analysts Forecast Growth

MARA has been the subject of several research analyst reports. Barclays dropped their target price on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. HC Wainwright restated a “buy” rating and issued a $28.00 price objective on shares of MARA in a report on Thursday, February 27th. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Thursday, February 27th. Rosenblatt Securities initiated coverage on MARA in a research report on Friday, March 7th. They set a “buy” rating and a $19.00 price target on the stock. Finally, 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 report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MARA currently has a consensus rating of “Hold” and a consensus target price of $22.80.

MARA Price Performance

MARA opened at $13.18 on Friday. MARA Holdings, Inc. has a 1 year low of $12.05 and a 1 year high of $30.28. The stock has a 50-day moving average price of $16.60 and a 200-day moving average price of $18.23. The firm has a market cap of $4.56 billion, a PE ratio of 16.68 and a beta of 5.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.

MARA (NASDAQ:MARA) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates 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. Sell-side analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated 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 directly owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,915 shares of company stock valued at $2,265,643. 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.