International Assets Investment Management LLC Boosts Position in Marathon Digital Holdings, Inc. (NASDAQ:MARA)

International Assets Investment Management LLC grew its holdings in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 1,522.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,561 shares of the business services provider’s stock after acquiring an additional 18,355 shares during the quarter. International Assets Investment Management LLC’s holdings in Marathon Digital were worth $317,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MARA. Beaird Harris Wealth Management LLC boosted its position in shares of Marathon Digital by 121.1% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 695 shares during the last quarter. Signaturefd LLC boosted its position in shares of Marathon Digital by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,273 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Marathon Digital during the 1st quarter valued at about $105,000. Tobam boosted its position in shares of Marathon Digital by 173.0% during the 3rd quarter. Tobam now owns 7,701 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 4,880 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Marathon Digital by 108.0% during the 2nd quarter. GAMMA Investing LLC now owns 6,865 shares of the business services provider’s stock valued at $136,000 after acquiring an additional 3,565 shares during the last quarter. Institutional investors own 44.53% of the company’s stock.

Insider Activity

In other news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $292,250.00. Following the transaction, the chief financial officer now directly owns 2,077,232 shares of the company’s stock, valued at approximately $36,351,560. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Marathon Digital news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $292,250.00. Following the completion of the transaction, the chief financial officer now owns 2,077,232 shares in the company, valued at approximately $36,351,560. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the completion of the transaction, the chief executive officer now owns 4,250,804 shares of the company’s stock, valued at approximately $74,389,070. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 91,417 shares of company stock valued at $1,516,536. Company insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

MARA has been the subject of a number of recent research reports. Macquarie initiated coverage on Marathon Digital in a research report on Tuesday, September 24th. They issued an “outperform” rating and a $22.00 target price for the company. B. Riley boosted their target price on Marathon Digital from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. HC Wainwright restated a “buy” rating and issued a $27.00 target price on shares of Marathon Digital in a research report on Thursday, October 10th. JPMorgan Chase & Co. dropped their target price on Marathon Digital from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, August 23rd. Finally, Cantor Fitzgerald initiated coverage on Marathon Digital in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.43.

Marathon Digital Price Performance

MARA opened at $19.32 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.75 and a current ratio of 3.75. Marathon Digital Holdings, Inc. has a 52-week low of $8.39 and a 52-week high of $34.09. The stock has a market capitalization of $5.69 billion, a PE ratio of 12.38 and a beta of 5.52. The stock’s 50 day moving average price is $16.49 and its 200-day moving average price is $18.43.

Marathon Digital 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.