Charles Schwab Investment Management Inc. Buys 372,094 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Charles Schwab Investment Management Inc. lifted its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 14.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,028,457 shares of the business services provider’s stock after purchasing an additional 372,094 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.89% of MARA worth $50,787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC grew its position in MARA by 55.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 15,845 shares of the business services provider’s stock worth $266,000 after buying an additional 5,625 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in MARA during the fourth quarter worth about $3,570,000. Smartleaf Asset Management LLC grew its position in MARA by 589.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,962 shares of the business services provider’s stock worth $69,000 after buying an additional 3,387 shares in the last quarter. US Bancorp DE grew its position in MARA by 73.3% during the fourth quarter. US Bancorp DE now owns 3,559 shares of the business services provider’s stock worth $60,000 after buying an additional 1,505 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its position in MARA by 2.1% during the fourth quarter. Mutual of America Capital Management LLC now owns 208,293 shares of the business services provider’s stock worth $3,493,000 after buying an additional 4,318 shares in the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MARA

In other MARA news, 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 transaction of $255,677.00. Following the completion of the transaction, the chief financial officer now owns 1,773,788 shares of the company’s stock, valued at $27,156,694.28. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $646,367.50. Following the transaction, the chief executive officer now directly owns 4,128,090 shares of the company’s stock, valued at $97,010,115. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 116,915 shares of company stock valued at $2,265,643 in the last 90 days. Insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Macquarie boosted their target price on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Compass Point cut MARA from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Thursday, February 27th. B. Riley upped their price objective on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. cut 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 equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $22.80.

MARA Trading Down 7.2 %

Shares of MARA stock opened at $12.16 on Friday. The stock has a market capitalization of $4.21 billion, a PE ratio of 15.39 and a beta of 5.95. MARA Holdings, Inc. has a 1-year low of $12.05 and a 1-year high of $30.28. The business has a 50-day moving average of $16.83 and a 200 day moving average of $18.30. 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 released 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. The business had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. As a group, sell-side analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

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.