Blue Trust Inc. Buys 2,693 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Blue Trust Inc. grew its stake in MARA Holdings, Inc. (NASDAQ:MARA) by 415.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,341 shares of the business services provider’s stock after buying an additional 2,693 shares during the period. Blue Trust Inc.’s holdings in MARA were worth $56,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MARA. Truvestments Capital LLC acquired a new position in MARA during the third quarter worth $26,000. Larson Financial Group LLC grew its stake in shares of MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after acquiring an additional 1,062 shares during the period. Stonehage Fleming Financial Services Holdings Ltd grew its stake in MARA by 79.3% in the 4th 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 in the last quarter. Spire Wealth Management boosted its position 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 acquiring an additional 599 shares during the period. Finally, Signaturefd LLC grew its position in shares of MARA 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 purchasing an additional 1,273 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors.

MARA Trading Down 10.7 %

NASDAQ MARA opened at $12.41 on Wednesday. The company’s fifty day simple moving average is $17.96 and its 200-day simple moving average is $18.50. The stock has a market cap of $4.21 billion, a P/E ratio of 15.71 and a beta of 5.76. MARA Holdings, Inc. has a 52 week low of $12.05 and a 52 week high of $34.09. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

Insider Transactions at MARA

In other MARA news, Director Jay P. Leupp sold 6,800 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the completion of the transaction, the director now owns 135,756 shares in the company, valued at approximately $4,059,104.40. The trade was a 4.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the sale, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 108,015 shares of company stock worth $2,237,086. 0.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MARA shares. B. Riley raised their price objective on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Barclays assumed coverage on shares of MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target for the company. Macquarie upped their target price on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Finally, HC Wainwright reiterated a “buy” rating and issued a $28.00 target price on shares of MARA in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.