State of New Jersey Common Pension Fund D Acquires 6,167 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

State of New Jersey Common Pension Fund D lifted its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 6.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 106,874 shares of the business services provider’s stock after acquiring an additional 6,167 shares during the period. State of New Jersey Common Pension Fund D’s holdings in MARA were worth $1,733,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Beaird Harris Wealth Management LLC raised its stake in shares of MARA by 121.1% in the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock worth $29,000 after purchasing an additional 695 shares during the last quarter. Signaturefd LLC grew its holdings in MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after buying an additional 1,273 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in MARA in the 3rd quarter valued at $50,000. DekaBank Deutsche Girozentrale bought a new position in MARA during the 1st quarter valued at $105,000. Finally, Tobam boosted its holdings in MARA by 173.0% during the 3rd quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after acquiring an additional 4,880 shares during the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

MARA Stock Performance

Shares of MARA opened at $18.11 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 3.75. The firm has a market cap of $5.83 billion, a PE ratio of 22.91 and a beta of 5.52. MARA Holdings, Inc. has a 1 year low of $9.88 and a 1 year high of $34.09. The stock’s fifty day moving average price is $17.38 and its two-hundred day moving average price is $18.61.

MARA (NASDAQ:MARA) last released 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 for 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%. MARA’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. On average, equities research analysts forecast that MARA Holdings, Inc. will post -0.72 EPS for the current year.

Insider Buying and Selling

In related news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $15.70, for a total transaction of $262,190.00. Following the sale, the chief financial officer now owns 2,103,347 shares of the company’s stock, valued at approximately $33,022,547.90. This represents a 0.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,512 shares of MARA stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the transaction, the chief executive officer now directly owns 4,278,309 shares of the company’s stock, valued at $67,169,451.30. The trade was a 0.64 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,417 shares of company stock valued at $1,524,546. Company insiders own 0.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. HC Wainwright reissued a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday, November 13th. Cantor Fitzgerald initiated coverage on MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price for the company. JPMorgan Chase & Co. dropped their price target on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, August 23rd. Finally, 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $22.57.

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.