Steward Partners Investment Advisory LLC Grows Position in MARA Holdings, Inc. (NASDAQ:MARA)

Steward Partners Investment Advisory LLC increased its holdings in MARA Holdings, Inc. (NASDAQ:MARA) by 55.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,845 shares of the business services provider’s stock after acquiring an additional 5,625 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in MARA were worth $266,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in MARA in the third quarter worth about $26,000. Beacon Capital Management LLC purchased a new stake in shares of MARA during the fourth quarter valued at about $26,000. Larson Financial Group LLC lifted its position in shares of MARA by 124.2% during 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 last quarter. Stonehage Fleming Financial Services Holdings Ltd lifted its position in shares of MARA by 79.3% during 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 last quarter. Finally, Spire Wealth Management lifted its position in shares of MARA by 26.7% during 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 last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

MARA Price Performance

Shares of NASDAQ:MARA opened at $13.18 on Friday. MARA Holdings, Inc. has a twelve month low of $12.05 and a twelve month high of $30.28. The company’s 50 day moving average is $16.73 and its 200 day moving average is $18.26. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The company has a market cap of $4.56 billion, a PE ratio of 16.68 and a beta of 5.95.

MARA (NASDAQ:MARA) last issued its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $1.56. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $214.39 million for the quarter, compared to the consensus estimate of $187.11 million. On average, sell-side analysts forecast that MARA Holdings, Inc. will post -1.04 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 that occurred on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the transaction, the chief financial officer now owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. This represents a 0.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total value of $495,365.05. Following the completion of the sale, the chief executive officer now owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. This represents a 0.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 116,915 shares of company stock worth $2,265,643. 0.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on MARA shares. HC Wainwright reissued a “buy” rating and set a $28.00 price target on shares of MARA in a research report on Thursday, February 27th. Rosenblatt Securities started coverage on shares of MARA in a research report on Friday, March 7th. They set a “buy” rating and a $19.00 price target for the company. Barclays decreased their price target on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. JPMorgan Chase & Co. cut their price objective on shares of MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Piper Sandler cut their price objective on shares of MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $22.80.

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.