KBC Group NV Buys 4,465 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

KBC Group NV grew its stake in MARA Holdings, Inc. (NASDAQ:MARA) by 63.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,505 shares of the business services provider’s stock after buying an additional 4,465 shares during the quarter. KBC Group NV’s holdings in MARA were worth $193,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MARA. Private Advisor Group LLC increased its holdings in MARA by 27.7% in the 3rd quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock worth $3,669,000 after acquiring an additional 49,062 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 purchasing an additional 217,106 shares in the last quarter. Mutual of America Capital Management LLC raised 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 purchasing an additional 107,963 shares during the period. Everence Capital Management Inc. purchased a new position in shares of MARA during the 3rd quarter valued at $640,000. Finally, Weiss Asset Management LP bought a new position in MARA in the 3rd quarter worth $1,557,000. Institutional investors own 44.53% of the company’s stock.

MARA Stock Performance

Shares of MARA stock opened at $17.65 on Wednesday. The stock has a market cap of $5.99 billion, a PE ratio of 22.34 and a beta of 5.76. MARA Holdings, Inc. has a 52-week low of $13.16 and a 52-week high of $34.09. The business has a 50-day simple moving average of $20.66 and a 200-day simple moving average of $18.85. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last posted its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The business had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.05) EPS. On average, equities analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $544,599.00. Following the transaction, the chief executive officer now directly owns 4,155,595 shares in the company, valued at approximately $82,280,781. This trade represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jay P. Leupp sold 11,200 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the transaction, the director now directly owns 142,556 shares in the company, valued at approximately $3,857,565.36. This represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 136,915 shares of company stock valued at $2,980,694. 0.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Cantor Fitzgerald assumed coverage on MARA in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective on the stock. Piper Sandler began coverage on MARA in a report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target on the stock. Macquarie lifted 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. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and upped their target price for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. One 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’s stock. Based on data from MarketBeat.com, MARA currently has an average rating of “Hold” and a consensus target price of $25.67.

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.