Rhumbline Advisers Buys 51,643 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Rhumbline Advisers raised its stake in MARA Holdings, Inc. (NASDAQ:MARA) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 834,057 shares of the business services provider’s stock after acquiring an additional 51,643 shares during the quarter. Rhumbline Advisers owned approximately 0.25% of MARA worth $13,987,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MARA. Truvestments Capital LLC acquired a new position in shares of MARA in the third quarter valued at approximately $26,000. Larson Financial Group LLC increased its stake in shares of MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,062 shares during the period. Stonehage Fleming Financial Services Holdings Ltd increased its stake in shares of MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after buying an additional 860 shares during the period. Signaturefd LLC increased its stake in shares of MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,273 shares during the period. Finally, Spire Wealth Management increased its stake in shares of MARA by 26.7% in the fourth 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. Institutional investors and hedge funds own 44.53% of the company’s stock.

Insider Transactions at MARA

In other news, Director Jay P. Leupp sold 6,800 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $4,059,104.40. This trade represents a 4.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the sale, the chief executive officer now directly owns 4,128,090 shares of the company’s stock, valued at approximately $97,010,115. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 119,215 shares of company stock valued at $2,540,158 in the last quarter. 0.80% of the stock is currently owned by company insiders.

MARA Stock Performance

Shares of MARA stock opened at $14.66 on Friday. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 18.56 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 company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $18.42 and a 200-day moving average of $18.54.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Macquarie upped their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and increased their target price for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. HC Wainwright reissued a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. Piper Sandler initiated coverage on shares of MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 target price for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $25.67.

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.